The National Bureau of Statistics (NBS) revealed that Nigeria’s food inflation hit 23.72 per cent in October 2022, in contrast to the 23.34 per cent recorded...
The National Bureau of Statistics (NBS) has revealed that the salaries of Nigerian workers had dropped to a 21-month low. NBS stated this in its Nigerian...
Within one year, Nigeria’s total public debt grew by N7.38 trillion, to close the second quarter of 2022 with N42.84 trillion ($103.31 billion), according to the...
The National Bureau of Statistics (NBS) has disclosed that the average price of cooking gas has increased by 86 percent in a year. It stated this...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate surged to 20.77% in September 2022 , the highest rate since September 2005....
The National Bureau of Statistics (NBS) has revealed that commercial banks in Nigeria recorded salaries and employee expenses of over N602 billion in the 12 months...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
The National Bureau of Statistics (NBS) has revealed that Nigeria recorded a positive trade of N1.9 billion in the second quarter (Q2) of 2022. NBS disclosed...
Investors have continued to pass up opportunities to invest in the Nigerian economy, putting their personal safety and investment security first. Investors hold the view that...
Nigerians were made to pay more to move from one location to another in July, regardless of the mode of transportation. This was disclosed in the...
Nigeria’s GDP grew 3.54% in the second quarter, slower than in the same period a year earlier, as oil production declined and inflation rose. The Q2...
A report by the National Bureau of Statistics (NBS) has rubbished claims made by President Muhammadu on how the policies of his administration has impacted on...
The National Bureau of Statistics (NBS) has reported that capital importation declined in Q1 2022, mirroring other corresponding first quarters between 2019 and this year, with...
Lagos has been ranked as the state with the highest number of internet data subscribers in the country. The commercial city was followed by Ogun and...
Nigerian and foreign companies have remitted a total of N588.59 billion from Value Added Tax (VAT) in the first three months of this year. This is...
Despite reportedly having the 5th largest cattle herd in Africa, Nigeria in the first three months of the year spent over N27.664 billion importing milk. The...
Nigerians spent N135.85 billion on importation of motorcycles from different part of the world in six months. The National Bureau of Statistics (NBS) disclosed this in...
The total value of foreign investment or capital importation into Nigeria dropped on a quarter-on-quarter basis by 28.1 per cent to $1.6 billion in the first...
Nigerian companies across the country both local and foreign-owned paid to the account of the federal government a total of N532.48 billion in tax in the...
Local airfares’ baseline appreciated by 4.43 percent in the month of March as airlines responded to a spike in the price of aviation fuel and the...
Despite the high cost of air transportation, Nigeria’s domestic airlines in 12 months of 2021 airlifted over 13 million passengers from one part of the country...
The cost of a litre of Premium Motor Spirit (Petrol) increased by 8.73 per cent in March 2022 with Nigerians residing in the South-East region paying...
Nigeria’s inflation figure has hit 15.92%, the highest it ever has in the last six months. The National Bureau of Statistics (NBS) has announced that Nigeria’s...
The Statistician-General of the Federation, Dr. Simon Harry, is dead. He was 57. The Director of Communication and Public Relations, National Bureau of Statistics (NBS), Mr....
I am neither a prophet nor a clairvoyant, but from the manifestation in my crystal ball, I see Nigeria in 2023 being shaped by upheaval fueled...
Nigeria in 2021 attracted $6.7 billion worth of investment from 52 countries around the world through various instruments which included, bonds, equity and trade. Out of...
Capital importation into Nigeria dropped to $6.7 billion in 2021 as foreign investors ran away from having their money trapped in Naira. The amount recorded in...
Nigeria’s Premium Motor Spirit (petrol) import bill increased by over 97 per cent in 2021 as confusion remains over consumption numbers. According to the National Bureau...
The National Bureau of Statistics (NBS) said on Wednesday the average price of Premium Motor Spirit (Petrol) in the country increased by 2.52 percent at N170.42...
Nigeria’s inflation rate took a swift turn in February rising to 15.7% from 15.6% recorded in the previous month. This represents a 0.1 percentage point increase...
As many countries shift away from buying Russian oil, new export opportunities have opened up for Nigerian crude which is regarded as one of the best...
Nigeria recorded a slight improvement in electricity generation in 2021 but what was transmitted to customers remained at the same level. This is according to data...
The National Bureau of Statistics (NBS) said on Monday the agricultural sector contributed N41 trillion to the country’s Gross Domestic Product (GDP) last year. This, according...
Despite economic challenges hitting many households, the future of Nigeria’s baby food market has been reported to be a very promising one. The positive indicators are...
The Nigerian economy has made an improvement by 3.98%, similar to what it was before the Muhammadu Buhari administration came to power. The National Bureau of...
Nigeria’s inflation rate dropped marginally to 15.60 percent year-on-year in January 2022. This is 0.87 percent points lower than the rate recorded in January 2021 (16.47)...
The population of Nigeria has increased by 15.9 million in four years with the northern regions accounting for 68.67% of the new population. This is based...
For eight consecutive months, inflation rate was on a decline in 2021, but that dip ended in December, as the Consumer Price Index (CPI) rose to...
At least 18 persons who left their homes daily from December 2020 to June 2021 did not get to their destination nor did they return home....
The National Bureau of Statistics (NBS) has disclosed that Nigeria attracted $1.73 billion from foreign investors and companies in the third quarter of last year (Q3...
The all-commodity group import index rose by 0.52 percent between July and September 2021, according to the National Bureau of Statistics (NBS). According to NBS Commodity...
The average fares paid by commuters within Nigerian cities rose by 33.74 percent year-on-year, according to the National Bureau of Statistics (NBS). The NBS stated this...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation for the eight consecutive months has dropped and now stands at 15.40% in November from...
Nigeria’s total merchandise trade rose to N13.3 trillion in the third quarter of this year. The Statistician-General of the Federation, Simon Harry, who disclosed this at...
The Nigerian government has reported that it generated N500.49 million in the third quarter of 2021, amid the continuing dispute over which tier of government collects...
The nation’s economy grew more slowly in the third quarter of the year than it did in the second quarter, according to data from the National...
Nigeria’s inflation rate fell for the seventh consecutive month in October to 15.99 percent, the lowest since December 2020. The National Bureau of Statistics disclosed this...
The National Bureau of Statistics (NBS) has disclosed plans to conduct a National Agricultural Sample Census, which will provide data on the composition and operations of...
The average price for a Liquefied Petroleum Gas (LPG) also known as cooking gas and kerosene increased again in September as more Nigerians find creative ways...
The National Bureau of Statistics (NBS) has disclosed that the average price for premium motor spirit also called petrol in the country was N164.85 in September...
