The United Kingdom has emerged as the leading source of capital investment in Nigeria for the third quarter of 2025, contributing $2.94 billion, or 48.80 percent, of the total inflows recorded during the period. This was disclosed in the latest Capital Importation Report released by the National Bureau of Statistics (NBS) on Monday. According to […]
Nigerian state governors are facing intense scrutiny and mounting criticism from labor unions, civil society groups, and opposition parties following reports that they received an estimated N9 trillion in Federation Account Allocation Committee (FAAC) inflows in 2025. Despite the record-breaking “windfall”, driven by policy shifts such as subsidy removal and exchange rate unification, critics argue […]
In a rare move that could shake confidence in Nigeria’s economic reporting, Lagos-based investment powerhouse Afrinvest Limited has openly questioned the headline inflation figures released last week by the National Bureau of Statistics (NBS). Afrinvest, which had projected December 2025 inflation at 33.6 percent on the back of base effects and year-end spending, was stunned […]
Nigeria’s digital economy continued to show its weight in the country’s economic structure, contributing ₦7.37 trillion to the nation’s real Gross Domestic Product (GDP) in the second quarter of 2025. This accounted for 14.4 percent of the total ₦51.20 trillion GDP, according to the latest data from the National Bureau of Statistics (NBS). The sector, […]
The National Bureau of Statistics (NBS), on Monday, announced that the Nigeria’s economy grew by 4.23 percent in the second quarter of 2025. The figure is considerably higher than the 3.48 percent growth recorded in the same quarter of 2024, and above the 3.13 percent reported in the first quarter of 2025. According to the […]
The National Bureau of Statistics (NBS) has revealed a decline in inflation rate from 21.88% in July 2025 to 20.12% in August 2025. The statistics was made available on Monday, following the monthly review approach to determine the state of the economy. The headline inflation stood at 0.74% in August, reflecting a moderation compared to […]
The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI) which measures inflation increased by 12.13 per cent year-on-year in January 2020. The NBS made this known in its report on Inflation released on Tuesday. NERC orders DisCos to hike tariff by 50% It stated that this increase was 0.15 per cent points […]
The National Bureau of Statistics (NBS) says Consumer Price Index, (CPI) which measures inflation, increased by 11.98 per cent year-on-year in December 2019. The NBS made this known in its CPI and Inflation Report of December 2019 released on Friday. Just In: VAT implementation takes effect Feb. 1– Finance minister NBS said the CPI report […]
The National Bureau of Statistics (NBS) said the sum of N275.12 billion was generated as Value Added Tax (VAT) in the third quarter of 2019. The NBS made this known in its Sector Distribution of VAT for 2019 third quarter report in Abuja on Monday. It explained that what was realised in the third quarter was […]
Motolani Oseni The National Bureau of Statistics (NBS) said the nation’s inflation rate slowed to 11.02 per cent (year-on-year) in August 2019, a 0.06 per cent points lower than 11.08 per cent it recorded in July 2019. The latest NBS data, also, revealed that the inflation rate for August represents the lowest this year. The […]
Ladesope Ladelokun Minister of Communications, Dr Isa Pantami has hailed the manner of implementation of Economic Recovery and Growth Plan (ERGP) by the Buhari government, saying it has led to a sustained focus on growing the non-oil sector of the economy, especially the Information and Communications Technology(ICT) sector. The minister in a statement expressed the […]
Motolani Oseni The Federal Government (FG) deducted an accumulated sum of N122.4 billion from the monthly allocation due to thirty-five (35) states in Nigeria between January and July 2019, the monthly Federal Account Allocation Committee’s (FAAC) report released (year-to-date) by the National Bureau of Statistics (NBS) has shown. While providing details on the item, the […]
The Industrial Training Fund (ITF), has said that about 450,000 Nigerians have been trained under various vocational training programmes in the last three years. At a presentation of the Fund’s 2019 skills intervention programme in Abuja, the Director-General, Joseph Ari, insisted that skills acquisition remains the most viable and sustainable solution to the rising unemployment […]
Motolani Oseni The Development Bank of Nigeria (DBN) Monday disclosed that it has given out N70 billion as loans to over 50,000 Micro, Small and Medium Enterprises (MSMEs) within two years. The Chairman of the bank, Dr. Shehu Yahaya said this at the maiden series of the bank with the theme: Surviving To Thriving: “MSMEs […]
Motolani Oseni The Consumer Price Index (CPI), which measures inflation, has slowed down to 11.22 per cent year on year from 11.40 per cent stood in May 2019, data released by the National Bureau of Statistics (NBS) on Monday showed. The latest data showed that the headline index fell to 1.07 per cent on a […]
Motolani Oseni The total value of capital importation into Nigeria in the first quarter of 2019 was estimated at $8.48 billion, representing an increase of 216.03per cent compared to Q4 2018 and 34.61 per cent increase compared to the first quarter of 2018, the latest data by the National Bureau of Statistics (NBS) has revealed. […]
Samuel Luka – Bauchi Governor Bala Mohammed of Bauchi state has been advised to give priority to youth employment and education for the socio-economic development of the state. A group known as Forum of Executive Directors of Civil Society Organizations which gave the advice at a press conference lamented that 80 per cent of youth […]
Motolani Oseni Analysts at Financial Derivates Company Limited (FDC) has said that continuous slowdown in Nigeria’s inflation means that some of the Central Bank of Nigeria (CBN) policies to contain inflation can be considered to be successful. The National Bureau of Statistics (NBS) for the third time since December 2018 has reported a drop in […]
Although reports by the National Bureau of Statistics (NBS) that Nigeria, which had been reeling under the heavy weight of recession since late 2015, may have exited the challenge, experts have however warned that there are still long, dark tunnel to be traversed, owing to some macro-economic issues still threatening the economy from growing. This […]
The National Judicial Council (NJC) has said that rating of judges by the Report of the United Nations Office on Drugs and Crimes and the National Bureau of Statistics (NBS) as the second highest receiver of bribes in the country is untrue, baseless and unfounded. It said the report and the allegation should be disregarded […]