N392.77bn Generated as CIT in Q1 2021 - NBS

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Wednesday, May 12, 2021 07:30 AM / by NBS/ Header Image Credit:  NBS

 

Data on Company Income Tax breakdown by sectors for Q1 2021 reflected that the sum of N392.77bn was generated as CIT as against N295.72bn generated in Q4 2020 and N295.68bn generated in Q1 2020 representing 32.82% increase Quarter-on-Quarter and 32.84% increase Year-on-Year.

 

Breweries, Bottling and Beverages generated the highest amount of CIT with N23.26bn generated and closely followed by Professional Services including Telecoms which generated N18.17bn, State Ministries & Parastatals generated N17.35bn while Textile and Garment Industry generated the least and closely followed by Mining and Automobiles and Assemblies with N13.49m, N34.40m and N73.57m generated respectively.

 

Out of the total amounted generated in Q1 2021, N152.33bn was generated as CIT locally while N184.59bn was generated as foreign CIT payment. The balance of N55.85bn was generated as CIT from other payments.

 

Click Here to Download Q1 2021 Company Income Tax PDF Report

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Q2 2021

1.      N496.39bn Generated as VAT in Q1 2021 - NBS

2.     Banking Sector Records 3.46bn Volume of Transaction in Q4 2020 - NBS

3.     Average Price of 1kg of Tomato Decreased by -0.64% MoM in March 2021 - NBS

4.     Average Fare for Bus Journey Within City Increased by 4.42% MoM in March 2021 - NBS

5.     N1.31trn Generated as IGR in 2020 - NBS

6.     Headline Inflation Increases by 18.17% YoY In March 2021, 0.82% Higher Than February 2021 Rate - NBS

7.     Average Prices of PMS, AGO, HHK and Cooking Gas - March 2021

8.     Real Household Consumption Expenditure Growth Rate Stood at 0.18% in 2020 - NBS

9.     All Commodity Group Import Index Grew By 0.13% in Q4 2020 - NBS

10.  38.60% of Nigeria's Total Public Debt Was External in Q4 2020 - NBS

 

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Q1 2021

11.   Average Price of 1kg of Tomato Increased by 11.33% YoY in February 2021 - NBS

12.  Average Fare Paid by Commuters for Intercity Journey Increased by 1.13% MoM in February 2021 - NBS

13.  FAAC Disburses N619.34bn in January 2021 - NBS

14.  Average Prices of PMS, AGO, HHK and Cooking Gas - February 2021

15.  Active Voice Subscribers Declined by -0.32% QoQ in Q4 2020 - NBS

16.  Headline Inflation Increases by 17.33% YoY In February 2021, 0.86% Higher Than January 2021 Rate

17.  Nigeria's Unemployment Rate Increases to 33.3% in Q4 2020 from 27.1% in Q2 2020 - NBS

18.  Total Trade Higher By 8.9% in Q4 2020, Lower By 10.3% in FY 2020

19.  Average Price of 1kg of Tomato Decreased by -6.59% MoM in January 2021

20. Average Prices of PMS, AGO, HHK and Cooking Gas - January 2021

21.  Nigeria Exits Recession, Real GDP Grew by 0.11% in Q4 and -1.92% in Full Year 2020

22. Headline Inflation Increases by 16.47% YoY In January 2021, 0.71% Higher Than December 2020 Rate

23. FAAC Disburses N2.49trn to FG and N2.30trn to States in Year 2020 - NBS

24. FAAC Disburses N601.11bn in December 2020 - NBS

25. FAAC Disburses N604.00bn in November 2020 - NBS

26. Total Value of Capital Importation into Nigeria Stood at US$1,069.68m in Q4 2020 - NBS

27. N295.72bn Generated as Company Income Tax in Q4 2020 - NBS

28. N454.69bn Generated as Value Added Tax in Q4 2020 - NBS

29. Average Price of 1kg of Tomato Increases by 17.51% YoY in December 2020 - NBS

30. Average Air Fare Increases by 18.54% YoY in December 2020 - NBS

31.  Average Prices of PMS, AGO, HHK and Cooking Gas - December 2020

32. Headline Inflation Increases by 15.75% YoY In December 2020, 0.86% Higher Than November 2020 Rate

33. 62.18% of Nigeria's Total Public Debt as of Q3 2020 Was Domestic - NBS

34. Active Voice Subscribers Grew by 4.59% in Q3 2020 - NBS

 

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