Nigeria’s health inflation rate rose to 30.65 per cent year-on-year in January 2026, more than double the headline inflation rate of 15.10 per cent recorded in the same period. Data from the National Bureau of Statistics showed that the all-items index increased from 110.7 points in January 2025 to 127.4 points in January 2026. In […]
The National Bureau of Statistics reports that capital importation increased by 380% to $6 billion in the third quarter of 2025. The latest report from the National Bureau of Statistics shows that capital importation into Nigeria rose sharply by 380% to 6 billion dollar in the third quarter (Q3) of 2025. The figure represents a […]
Nigeria’s headline inflation rate has recorded its eighth consecutive monthly decline, dropping to 14.45 percent in November 2025. According to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. This significant easing marks the lowest inflation level the country has seen in five years, offering a glimmer […]
Nigeria’s digital economy contributed 11.8 per cent to the country’s real Gross Domestic Product (GDP) in the third quarter of 2025, reflecting a drop from the 14.4 per cent recorded in the previous quarter, according to fresh figures released by the National Bureau of Statistics (NBS). The latest data, published on Monday, shows that the […]
The National Bureau of Statistics (NBS) says that 20 percent of the full-time workforce in Nigeria lost their jobs due to the COVID-19 pandemic in 2020. The NBS disclosed this in a study jointly conducted with the United Nations Development Programme (UNDP) and released on Tuesday. The report, which centred on the impact of COVID-19 […]
Philip Clement, Abuja The National Bureau of Statistics (NBS) has disclosed that Nigeria’s Gross Domestic Product grew by 5.01 per cent, year-on-year, in the second quarter of 2021. The body disclosed this in its GDP Report for Q2 released on Thursday. According to the report, the 5.01 per cent marks three consecutive quarters of growth […]
Nigeria’s government is spending more on importing arms and ammunition.This is according to data from the National Bureau of Statistics (NBS) 2021 first-quarter foreign trade report, published at the weekend. The reported noted that between January and March of this year, N73.7 billion ammunition was imported, representing a 27.3 per cent increase over the total […]
Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics disclosed this in its Consumer Price Index report for September on Thursday. Part of the report read, “The consumer price index which measures inflation increased by 13.71 per […]
The Special Adviser to the President on Media and Publicity, Femi Adesina has said that despite the COVID-19 pandemic, Nigeria’s economy performed better than that of the United States, United Kingdom, France, Germany and others in the second quarter of 2020. Adesina said this on Wednesday, August 26 while reacting to the National Bureau of […]
…It’s time to channel energy towards economic recovery – Uwaleke Due to the harsh effects of COVID-19 pandemic on virtually all sectors of the economy, about 42 per cent of Nigerians have suffered one form of job loss or the other, the National Bureau of Statistics has revealed. NBS made the revelation in a survey […]
.As expert calls for stimulus package for farmers to increase local production .Says rising inflation rate poses challenge to monetary policy In view of the border closure and increased demand for food on the back of COVID-19 lockdowns, Nigeria’s inflation rose in April to its highest in two years, latest data released by the National […]
Nigeria’s trade has recorded a significant increase in the third quarter of 2019, the latest National Bureau of Statistics (NBS) data has revealed. The volume of non-oil exports in the country increased by 374 per cent in the third quarter of the year, data released by the National Bureau of Statistics (NBS) has revealed. The […]
Never before has the issue of good governance within the polity and indeed, corporate governance in the private sector become imperative and compelling. Over the weekend, the media published a damning report released by the National Bureau of Statistics on the Second Corruption Survey Report in Nigeria. The report indicted many agencies of the Federal […]
The ministries of Power, Works and Housing and Water Resources will take the largest share if eventually Nigeria secures the $30bn loan it intends to get from different multilateral organisations. According to a statement by Ajuri Ngelale, President Muhammadu Buhari’s special assistant on Public Affairs, shows that the planned projects spreads across different sectors of […]
Imo State has emerged as the State with the least corrupt public officials in Nigeria, according to the latest report released by the National Bureau of Statistics. The report titled, ‘The 2nd Corruption Survey Report in Nigeria’, was released at the State House Conference Center in Abuja, on Friday. The National Bureau of Statistics conducted […]
Philip S. Clement – Abuja The prices of eggs, tomato, rice and yam have slumped in July, the National Bureau of Statistics has said. In a selected food price watch data for July 2019 released on its website, the Bureau stated that “Average price of 1 dozen of Agric eggs medium size decreased year-on-year by […]
…Grow revenue by 27.7% in H1 2018 …As Lagos, Rivers, Ogun, FCT top IGR table …Get N1.23trn allocation from FAAC in first 6 months The 36 States of the federation and FCT have recorded an Internally Generated Revenue (IGR) of N579.490 billion in the first half of 2018, as against N453.833 billion posted in the […]
Analysts at FSDH Research have predicted 14.31 per cent in inflation rate in February 2018 from 15.13 per cent announced earlier this year by the National Bureau of Statistics (NBS). They explained that the expected decrease in the inflation rate is largely attributable to the base effect of previous year. “In addition, we note the […]
Full year report by the National Bureau of Statistics (NBS) has showed that the Nigeria’s Gross Domestic Product (GDP) grew by 1.92 while the economy grew by 0.82 per cent in 2017. The 0.82 per cent growth in GDP is an improvement over the contraction of -1.58 per cent which the economy recorded in 2016 […]
Analysts at Financial Derivates Company Limited (FDC) have predicted that inflation rate will plunge to 14.90 per cent in January 2018. According to FDC report, “We forecast that year-on-year headline inflation will plunge to 14.9per cent in January 2018. This is a 0.47per cent decline from 15.37 per cent in December 2017. “If our estimates […]