FBNQuest’s Post

The latest inflation report from the NBS shows that Nigeria’s inflation headline reading moderated for the second consecutive month in August. The headline rate decreased by -125 bps to 32.15% y/y from 33.40% y/y recorded in the previous month. The lower inflation reading was mainly due to the impact of base effects from last year and a deceleration in the food inflation reading. Similar to the headline reading, food inflation decreased by -201 bps to 37.52% y/y in August, down from 39.53% y/y in July, supported by the ongoing food harvest season. #FBNQuestResearch

Join Rotimi Obende and Mutiat Olatunji on TVC's Wake Up Nigeria (DSTV Channel 418 and GOTV Channel 45) at 7am today as they discuss Islamic Estate Planning. #InheritanceWithoutHassles #FBNQuestTrustees

Here's wishing you peace and blessings now and always. Eid el Maulud! #FBNQuest

Being rich means different things to different people. When you think about being rich, which of these sticks out to you? #FBNQuest

The most recent report on Nigeria’s foreign trade in goods produced by the National Bureau of Statistics (NBS) shows that the total value of merchandise trade decreased by -4% q/q but increased by 150% y/y to NGN31.9trn (USD20.5bn) in Q2 ’24. A breakdown of the figure shows total export and import trade values of NGN19.4trn and NGN12.5trn, up 202% y/y and 98% y/y respectively, resulting in a net trade surplus of NGN6.9trn #FBNQuestResearch

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We are live!🎊 Estate Planning can go wrong, and you don’t want to be caught off guard. Join us now for an episode that breaks down the best practices for getting it right. Click here to watch the live premiere now: https://bit.ly/4egZwPF #LegacyRoom #FBNQuestTrustees

The National Bureau of Statistics (NBS) most recent quarterly report on value-added-tax (VAT) shows that the federation’s gross collections from VAT increased by +9% q/q and +100% y/y to about NGN1.6trn in Q2 ’24. The robust y/y growth in Q2 represents the most significant y/y expansion in VAT collections for as far back as we can track. Cumulatively, the total VAT figures amounted to roughly NGN3.0trn in H2 ’24, implying an increase of 39% y/y compared with NGN2.1trn received in H2 ’23. #FBNQuestResearch

Estate Planning can go wrong, and you don’t want to be caught off guard. Join us tomorrow for an episode that breaks down the best practices for getting it right. Watch live at 12pm tomorrow! #LegacyRoom #FBNQuestTrustees