VAT in Nigeria was increased to 7.5% from 5%, effective from January 13, 2020. Though the increase didn’t affect Q1 2020’s figures that much, figures from Q1 2021 exceed Q1 2020’s by 53%. Here’s the total VAT generated for Q1 of the past ten years.
Of the total VAT generated in Q1 2021, Non-Import (foreign) VAT recorded a 116% increase — the highest compared with the same period of 2020. Here is a breakdown of the VAT generated by sectors in Q1 2020 and Q1 2021.
More Nigerians have taken an interest in non-fungible tokens (NFTs) in 2021, as shown by the subject's Google Trends Index of 100, an all-time high for the country. Here is a trend showing how NFT popularity has grown in Nigeria since January 2021.
Between 2017 and 2020, Nigeria’s announced Foreign Direct Investment figures were highest in 2018. However, there have been significant differences between investment announcements and FDI inflow over the years. Here are the FDI announcements and FDI inflow from 2017 to 2020.
As of March 2021, the Federal Government of Nigeria’s External DebtStock stood at $32.9 billion. Following President Muhammadu Buhari’s request to the Senate to approve $6.183 billion in May 2021, we give you the breakdown of the nation’s External DebtStock by category.
Nigeria’s House of Representatives recently approved pay-as-you-go pricing for DStv and other Cable TV operators. On average, Congolese subscribers pay the most for DStv as of 2021.
Since 1992, 265 journalists have reportedly been killed in 51 African countries. On this year's International Day to End Impunity for Crimes Against Journalists, here are the top 20 African countries with the most crimes against journalists by the number of deaths.
Africa lost approximately $454 million and 2,802 hours between January and August 2021 to several forms of government-imposed social media shutdowns and Internet blackouts with Nigeria's Twitter shutdown recording the highest lost at $381.4 million.
There has been concern over the significant differences between Bureau de Change (BDC) and Inter-Bank exchange rates over the years. Following the CBN’s recent move to stop forex sales to BDCs, we look at the differences in rates in the past decade.
On 2020's World Chocolate Day, an annual celebration of chocolate, we look at the top 12 African countries with the highest chocolate export value in 2020 -- a combined $421.43m.
