Taxes & Tariffs | |
Taxes & Tariffs | |
959 VIEWS | |
![]() | |
PROSHARE | |
PROSHARE |
Monday, November 02, 2020 01:00 PM / NBS/ Header Image Credit: NBS
Sectoral distribution of Value Added Tax
(VAT) data for Q3 2020 reflected that the sum of N424.71bn was generated as VAT
in Q3 2020 as against N327.20bn generated in Q2 2020 and N275.12bn generated in
Q3 2019 representing 29.80% increase Quarter-on-Quarter and 54.37% increase
Year-on-Year.
Other Manufacturing generated the highest amount
of VAT with N47.07bn generated and closely followed by Professional Services
generating N44.01bn, Commercial and Trading generating N21.18bn while Mining
generated the least and closely followed by Textile and Garment Industry and
Pharmaceutical, Soaps & Toiletries with N64.50mln, N346.27mln and N386.16
mln generated respectively.
Out of the total amounted generated in Q3 2020,
N214.66bn was generated as Non-Import VAT locally while N115.34bn was generated
as Non-Import VAT for foreign. The balance of N94.70bn was generated as
NCS-Import VAT.
Click Here to Download Q3 2020 VAT PDF Report
Latest 2020 NBS Reports
Q4 2020
1. FAAC
Disburses N682.06bn in September 2020 - NBS
2. Average Prices of 1kg of Rice
Increased By 39.07% YoY in September 2020 - NBS
3. Average Fare Paid for Intercity
Bus Increased By 24.30% YoY in September 2020 - NBS
4. Average Prices of PMS, AGO, HHK and
Cooking Gas - September 2020
5. Headline Inflation Increases By
13.71% YoY In September 2020, 0.49% Higher Than August 2020 Rate
6. States Generated N612.87bn as
IGR in H1 2020 - NBS
7. All Region TOT Decreased by
-0.79% in Q2 2020 Due to Weaker Trade With Europe, Africa and Asia
Q3 2020
1.
2,080 Road Traffic Crashes Occurred in Q2 2020 - NBS
2.
33,448,633MWh of Energy
Generated in 2019 - NBS
3.
FAAC Disburses N676.41bn in
August 2020 - NBS
4.
FAAC Disburses N696.18bn in
July 2020 - NBS
5.
Average Price of 1kg of Rice Increased By 40.69% YoY in August 2020 - NBS
6.
Average Fare For Bus Journey
Within City Increased By 12.70% MoM in August 2020 - NBS
7.
Average Prices of PMS, AGO, HHK
and Cooking Gas - August 2020
8.
Headline Inflation Increases By
13.22% YoY In August 2020; 0.40% Higher Than July 2020 Rate
9.
Nigeria's Total Public Debt Stood At
N31.01trn in Q2 2020 - NBS
10. Banking Sector Records 2.16bn
Volume of Transaction in Q2 2020 - NBS
11.
FAAC Disburses N547.31bn in
June 2020 - NBS
12. Nigeria's Merchandise Trade
Falls Steeply in Q2 2020 Due to Sharp Drop in Exports
13. FAAC Disburses N606.19bn in May 2020
- NBS
14. Total Value of Capital Imported
into Nigeria Stood At $1,294.94m in Q2 2020 - NBS
15. 612,547kg of Drugs Seized in 2019 -
NBS
16. Nigeria's GDP Contracts by
-6.10% YoY in Real Terms in Q2 2020 - NBS
17. Average Price of 1kg of Tomato
Increased By 3.24% MoM in July 2020 - NBS
18. Average Fare Paid By Commuters for
Motorcycle Journey Increased By 9.06% MoM in July 2020
19. Average Prices of PMS, AGO, HHK
and Cooking Gas - July 2020
20. Headline Inflation Increases By
12.82% YoY In July 2020; 0.26% Higher Than June 2020 Rate
21. Nigeria's Unemployment Rate
Moves Up to 27.1% in Q2 2020 from 23.1% in Q3 2018 - NBS
22. N651.77bn Generated as VAT in
H1 2020 - NBS
23. Average Prices of 1kg of Tomato
Increased By 30.25% YoY in June 2020 - NBS
24. Average Fare for Bus Journey
Within City Increased By 3.36% MoM to N229.94 in June 2020 - NBS
25. Average Prices of PMS, AGO, HHK
and Cooking Gas - June 2020
26. Headline Inflation Increases By
12.56% YoY In June 2020; 0.16% Higher Than May 2020 Rate
27. Nigeria's Total Public Debt
Stood At N28.63trn in Q1 2020 - NBS
28. NBS Publishes National Living
Standard Survey 2018-19 Report
29. Active Voice Subscription Grew By
2.48% in Q1 2020 - NBS
Q2 2020
1.
5.26bn Litres of PMS Imported
Into Nigeria in Q1 2020 - NBS
2.
All Commodity Group Import
Index Decreased By 0.84% in Q1 2020
3.
Average Price of 1kg of Rice Increased By 28.18% YoY in May 2020 - NBS
4.
Average Fare Paid By Commuters
for Bus Journey Within City Decreased By -0.56% MoM in May 2020 - NBS
5.
Average Prices of PMS, AGO, HHK
and Cooking Gas - May 2020
6.
Headline Inflation Increases By
12.40% YoY In May 2020; 0.06% Higher Than April 2020 Rate
7.
Nigeria's Merchandise Trade
Slowed in Q1 2020 Due to Declines in Both Imports and Exports
8.
11,072 Road Traffic Crashes Occurred in 2019 - NBS
9.
FAAC Disburses N780.93bn in April
2020 - NBS
10. FAAC Disburses N581.57bn in
March 2020 - NBS
11.
Average Price of 1kg of Rice Increased
MoM By 7.56% in April 2020 - NBS
12. Average Air Passengers Fare Was
Flat MoM in April 2020 - NBS
13. Total Value of Capital
Importation into Nigeria Stood At $5,854.38m in Q1 2020 - NBS
14. Nigeria's GDP Grew By 1.87% YoY in
Real Terms in Q1 2020
15. Average Prices of PMS, AGO, HHK
and Cooking Gas - April 2020
16. N1.33trn Generated As IGR in
2019 - NBS
17. Headline Inflation Increases By
12.34% YoY In April 2020; 0.08% Higher Than March 2020 Rate
18. 20.89bn Litres of PMS Imported
Into Nigeria in 2019 - NBS
19. N338.94bn Generated As VAT in
Q1 2020 - NBS
20. Total Household Expenditure on
Food and Non-food Was Put At N40.21bn in 2019 - NBS
21. Poverty and Inequality in
Nigeria 2019: 40% of Total Population Classified as Poor
22. GDP By Income and Expenditure Approach Q4 2019 -
Household Final Consumption Declined by -2.40%
23. Average Price of 1kg of Rice Increased By 21% YoY to N438.66 In March 2020
24. Average Transport Fare Paid By
Commuters Within City Increased By 1.89% MoM in March 2020
25. Average Prices of PMS, AGO, HHK and
Cooking Gas - March 2020
26. Headline Inflation Increases By
12.26% YoY In March 2020; 0.06% Higher Than February 2020 Rate
27. Nigeria's Total Public Debt
Stood At N27.40trn in Q4 2019 - NBS
28. FAAC Disburses N647.35bn in
February 2020 - NBS
Q1 2020
1.
Banking Sector Records 893.68m
Volume of Transaction in Q4 2019 - NBS
2.
Active Voice Subscription Grew
By 3.08% in Q4 2019 - NBS
3.
All Commodity Group Import
Index Fell by 3.27% Due Mainly to Declines in the Prices of Goods
4.
Average Prices of 1kg of Tomato
Decreased By -10.65% YoY to N237.22 in Jan 2020 - NBS
5.
Average Fare Paid By Commuters
For Bus Journey Intercity Increased By 0.91% MoM in February 2020
6.
Average Prices Of PMS, AGO, HHK
and Cooking Gas - February 2020
7.
Headline Inflation Increases By
12.20% YoY In February 2020; 0.07% Higher Than January 2020 Rate
8.
FAAC Disburses N716.30bn in
January 2020 - NBS
9.
FAAC Disburses N2.93trn to FG
in 2019 - NBS
10. Total Value of Capital Imported
in Q4 2019 Stood At $3,802.38m - NBS
11.
FAAC Disburses N650.83bn in
December 2019 - NBS
12. Nigeria's Merchandise Trade
Grew in Q4 2019; Imports Rose Faster Exceeding Falling Exports
13. Nigeria's GDP Grew By 2.55% in
Real Terms in Q4 2019 and 2.27% in Full Year 2019
14. Average Prices of 1kg of Tomato
Decreased By -10.65% YoY to N237.22 in Jan 2020 - NBS
15. Average Prices Of PMS, AGO, HHK and
Cooking Gas - January 2020
16. Headline Inflation Increases By
12.13% YoY In January 2020; 0.15% Higher Than December 2019 Rate
17. N293.80bn Generated as IGR in
Q3 2019 - NBS
18. Nigeria's Total Public Debt
Stood At N26.14trn in Q3 2019 - NBS
19. Average Intercity Fare
Increases By 1.43% MoM To N1, 666.57 In December 2019
20. Average Price of 1kg of Tomato
Decrease YoY by -2.80% To N263.90 In December 2019
21. All Commodity Group Index Grew By
2.48% in Q3 2019
22. Average Prices Of PMS, AGO, HHK and Cooking Gas - December 2019
23. Headline Inflation Increases By
11.98% YoY In December 2019; 0.13% Higher Than November 2019 Rate