The National Bureau of Statistics (NBS), on Monday, said Nigeria generated N625.39 billion as value-added tax (VAT) in the third quarter of 2022. VAT is a consumption tax that is administered by the Federal Inland Revenue Service (FIRS). Revenue generated from VAT is usually disbursed to the three tiers of government through the federation accounts […]
By Joy Obakeye The National Bureau of Statistics (NBS) has said that prices of selected food items as well as kerosene used by households for cooking as an alternative to gas saw a significant jump in October. This is according to the NBS Selected Food Prices Watch Report for October, released in Abuja on Wednesday. […]
By Tunde Opalana The Peoples Democratic Party (PDP) Presidential Campaign Management Council has expressed shock at the latest report of the National Bureau of Statistics (NBS), The campaign council described as unacceptable that 63 percent Nigerians are living below poverty line with the present All Progressives Congress (APC) administration of President Muhammadu Buhari completely helpless […]
By Joy Obakeye The National Bureau of Statistics (NBS) has revealed that 63 per cent of persons living in Nigeria (133 million people), more than half of the population of Nigeria are multi-dimensionally poor and cook with dung, wood, or charcoal, rather than clean energy. The NBS on Thursday in a statement on the highlight […]
By Joy Obakeye The average price of 1kg tomato rose by 30.06 per cent from N342.25 in September 2021 to N445.12 in September 2022, the Nigerian Bureau of Statistics (NBS) has revealed. The nation’s statistics bureau disclosed this in its Selected Foods Price Watch Report for September 2022, stating that the price of 1kg boneless […]
By Motolani Oseni Nigeria headline inflation rate rose to a 17-year high of 20.8 per cent year on year in September 2022, the National Bureau of Statistics (NBS) has revealed in its latest inflation report. The bureau on Monday in its September inflation report explained that the surge was jointly driven by a 40 basis […]
The National Bureau of Statistics (NBS), has said the prices of selected food items increased in July. The bureau stated this in its Selected Food Prices Watch Report for July 2022, released in Abuja on Monday. The NBS stated that the average price of 1kg of white beans rose by 23.22 per cent from N444.21 […]
Joy Obakeye Nigeria’s inflation rate in the month of July 2022 rose to 19.64 per cent from 18.6 per cent recorded in the previous month of June 2022 which means a 1.82 per cent month-on-month hike. This was disclosed in a report on Monday by the National Bureau of Statistics (NBS), ‘Consumer Price Index (CPI) […]
The National Bureau of Statistics (NBS) has said prices of selected food items increased in May 2022. The Bureau made the declaration in its Selected Food Prices Watch Report for May released in Abuja on Wednesday. It stated that the average price of 1kg of white beans rose on a year-on-year basis by 37.22 per […]
By Amaka Agbu Following the report just released by the National Bureau of Statistics NBS, the Rivers State government had come under fire for its alleged failure among many other states to attract any foreign investment in the first quarter of this year. The report of the Bureau had stated that only Lagos, Oyo, Katsina, […]
The Federal Government earned a total sum of N532.4bn as tax from companies in Q1, 2022, the National Bureau of Statistics, NBS has said. The bureau disclosed this in its quarterly tax report released on its website on Thursday. It said Nigerian companies across the country both local and foreign-owned remitted a total of N532.48 […]
The National Bureau of Statistics (NBS) says average price per litre paid by consumers for household kerosene increased to N400.01 in August from N397.34 in July. A report obtained from the NBS’s website by the News Agency of Nigeria (NAN) on Friday, said kerosene price increased by 0.67 per cent month-on-month and by 15.43 per […]
According to information obtained from the National Bureau of Statistics (NBS) international trade report, Nigeria has exported helicopters worth N132 billion in the last year. The United Kingdom, Portugal, and Ghana, according to NBS, are among the destinations for these helicopters. It’s worth noting that helicopter export does not mean that the product is manufactured […]
Following the report by the National Bureau of Statistics (NBS) announcing that Nigeria’s Gross Domestic Product (GDP) contracted by -3.62 percent in the third quarter of 2020, the resultant effect means the country had slipped into another recession after four years as the country recorded two consecutive negative growths in the second and third quarter […]
Nigeria’s total public debt portfolio as of Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. It made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website on Monday in Abuja. It added that the debt profile was for the States […]
*Economy still in bad shape, says economist *Nigeria’s annual contraction exceeds World Bank’s, IMF’s 4.1% projection MOTOLANI OSENI, LAGOS Finance and industry experts have expressed divergent views over the National Bureau of Statistics (NBS) report that says Nigeria’s Gross Domestic Product (GDP) grew by 0.11 percent in Quarter Four (Q4) 2020, from the 6.11 percent […]
By Philip Clement The National Bureau of Statistics (NBS) is currently training a total of 2,800 ad-hoc staff for the forthcoming business sample census in the country. The exercise, which is going on simultaneously across the 36 states and the federal capital territory, is geared towards providing statistical data of all formal and informal business […]
COVID-19 outbreak has increased food insecurity in Lagos, Kano, Rivers and Abuja, the National Bureau of Statistics (NBS) has stated. It disclosed this in its latest report on the impact of COVID-19 in Kano, Lagos, Rivers and the Federal Capital Territory, obtained from the NBS on Monday. In the report, the NBS said, “Food insecurity […]
Foreign capital flows into Nigeria fell by 78 percent to $1.29bn in the second quarter of this year from $5.85bn in Q1, the National Bureau of Statistics (NBS) said on Friday. The NBS, in its capital importation report for Q2 2020, said the total value of capital importation into the country in the period represented […]
Due to the coronavirus pandemic in Nigeria the rate of unemployment have increased, this was made known be the National Bureau of Statistics (NBS) which states that over 21.7 million Nigerians are now unemployed. According to its Labour Force Statistics report released on Monday, the number of unemployed Nigerians went from 20.93 in 2018 to […]