Nigeria’s inflation rate has risen for the ninth consecutive months to 12.40 per cent in May from 12.34 per cent in April, a consumer price index report released by the National Bureau of Statistics (NBS) has shown. READ ALSO: UN Security Council condemns terrorists’ attacks in N/East The hike in the inflation rate is coming […]
The Federation Account Allocation Committee (FAAC) disbursed the sum of N581.57billion to the three tiers of government in March 2020 from the revenue generated in February 2020. The amount disbursed comprised of N466.06bn from the Statutory Account, N15.20billion from FOREX Equalisation Account, N99.55billion from Valued Added Tax (VAT) and N757.94million from Exchange Gain Differences. Federal […]
As the coronavirus outbreak negatively affected investment in oil and gas triggered volatility in the capital market and disrupted supply chains, foreign capital importation into Nigeria nosedived by 31.19 per cent to $5.854 billion in the first quarter of this year relative to the corresponding period of last year However, capital importation expanded by 53.97 […]
Not less than a whopping N22.8 trillion was spent on food by Nigerians in 2019, a survey conducted by the National Bureau of Statistics (NBS) has revealed. This is about 57 per cent of the total spending (N40.2 trillion) by Nigerians for that period. READ ALSO: CBN urges banks to design impactful business models The […]
The Federal Government is to verify number of primary schools presented by State governments and the National Bureau of Statistics (NBS) for the National Home Grown School Feeding Programme (NHGSFP). Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq stated this in an interview with newsmen in Abuja on Tuesday. READ […]
A group of analysts at Meristem Research have said the nation’s inflation rate to Increase to 12.37per cent in February from 12.13per cent reported by the National Bureau of Statistics (NBS) in January. They expressed that the impact of the outbreak of the Coronavirus Disease continues to reverberate across the global economy as world leaders […]
The National Bureau of Statists (NBS) has said the Federation Account Allocation Committee (FAAC) disbursed the sum of N716.30billion to the three tiers of government in January 2020 from the revenue generated in December 2019. The report by NBS explained that the amount disbursed comprised of N600.31billion from the Statutory Account, N114.81billion from Valued Added […]
The total value of capital importation in 2019 was 23.990 billion dollars, compared to 16.812 billion dollars in 2018, representing a growth of 42.69 per cent.
.This reflects an increase of 0.17%, highest rates since 2017-Dipeolu .Without reforms, economic recovery would remain sluggish-Analysts Nigeria’s economic growth rose to an annual rate of 2.55 per cent in the three months to the end of December, its highest quarterly growth since a 2016 recession, latest the figure released by the National Bureau of […]
Motolani Oseni As the National Bureau of Statistics (NBS) sets to release report on Consumer Price Index (CPI) for May, a group of analysts at Financial Derivates Company Limited (FDC) and FSDH Research have predicted further, increase in inflation rate for last month. The groups believed this was because of raining season and security challenges […]
The National Bureau of Statistics (NBS) says the average cost of refilling a five kilogramme cylinder of Liquefied Petroleum Gas (cooking gas) increased from N2, 039. 82 in January to N2, 067. 68 in February. The bureau disclosed this on its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for February released on its website. It […]
…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 […]
Nigeria’s inflation rate, inched down to 11. 26 per cent in October from 11.28 per cent stood in September, the latest National Bureau of Statistics (NBS) Consumer Price Index (CPI) report revealed on Wednesday. The CPI, which measures inflation rate for goods and services in the Nigerian economy, showed headline inflation inch down to 11.26 […]
…as parents, teachers applaud Obaseki’s reforms in education sector on World Teachers’ Day Edo State has recorded the least number of out-of-school children in Nigeria, a recent survey by the National Bureau of Statistics (NBS) in collaboration with a number of international development partners, has shown. The development is contained in the Multi Indicator Cluster […]
…Lagos emerges with highest number of subscribers …Bayelsa, Ebonyi now states with least number of subcribers The National Bureau of Statistics (NBS) has disclosed that active voice calls subscribers stood at 162.52 million in the second quarter of 2018, as against 149.31 million recorded in the previous quarter. The NBS stated this in its “Telecoms […]
The total value of Nigeria’s merchandise trade was N6,569.98 billion in the second quarter of 2018, which was a -8.89% contraction from the figure recorded in Q1, 2018 (N7,211.12 billion) and a 14.56% growth from Q2, 2017 (N5,734.80 billion). The National bureau of Statistics (NBS) disclosed this on Thursday in its second quarter 2018 trade […]
National Bureau of Statistics (NBS) has said total number of consumers with prepaid meters increased by 1.59per cent to 1.62million customers in second quarter of (Q2) 2018 from 1.59million customers in first quarter of (Q1) 2018. The report by NBS noted that Benin Disco has the highest number of customers metered. This is closely followed […]
The Nigerian Bureau of Statistics (NBS) has reported that for the first time since Nigeria’s exit from recession, the Gross Domestic Product (GDP) has recorded growth. Driven by the non-oil sector, GDP which grew by 2.05 per cent in the second quarters of 2018 represented the strongest growth in non-oil GDP since fourth quarter of […]
*As ATM dominates volume of transactions with N1.6bn The National Bureau of Statistics (NBS) has disclosed that total value of Electronic payment channels in the Nigeria banking sector has increased to N32.90 trillion in second quarter of 2018. The statistics office in its ‘Selected Banking Sector Data: Sectoral Breakdown of Credit, Electronic payment Channels and […]
The National Bureau of Statistics (NBS) on Tuesday, said that average price paid by consumers for premium motor spirit (petrol) has decreased by -0.09 per cent year-on-year and -0.9 per cent month-on-month to N146.80 in July 2018 from N148.10 in June 2018. States with the highest average price of premium motor spirit (petrol) were Borno […]