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The National Bureau of Statistics (NBS) has said the federal government generated N697.38 billion as Value Added Tax (VAT) in the fourth quarter of 2022. The Bureau disclosed this in its “Sectoral Distribution of Value Added Tax” report for Q4 2022, released on Wednesday. According to the bureau, the figure represents a growth rate of […]
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The confidence index of chief executive officers in the manufacturing sector slightly diminished in the fourth quarter of 2022 (Q4’22) to 55 points from 55.4 points in the preceding quarter (Q3’22). This was revealed in the Manufacturers CEO’s Confidence Index (MCCI) report of the Manufacturers Association of Nigeria (MAN), made available to Vanguard yesterday. The report […]
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Nigeria’s oil production has risen month-on-month, MoM, by 1.9 per cent to 1.258 million barrels per day, mb/d, in January 2023, from 1.235 mb/d recorded in December 2022. The figures excludes Condensate. The Organisation of Petroleum Exporting Countries, OPEC, in its February 2023 Monthly Oil Market Report, MOMR, obtained by Vanguard yesterday, however, indicated that […]
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Airport concession inconclusive, MRO establishment untouched •Weak institutions threaten aviation sector devt- Utomi Ahead of the 2023 election, aviation experts have insisted that the sector’s future appears gloomy following the current administration’s inability to implement about 94 per cent of recommendations in eight years. The recommendation according to the experts stood as an appraisal to assess the […]
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