The monthly inflationary report by the National Bureau of Statistics (NBS) has shown that the Nigeria’s inflation for the month of May 2018 has declined to 11.61 year- on- year. Consumer Price Index (CPI) which measures inflation indicated a 0.87 percent points less than the rate recorded in April 2018 (13.34 percent) and represented the […]
The National Bureau of Statistics (NBS) on Friday said Capital inflow into Nigeria stood at $6.3 billion as at end of first three months in 2018. This development showed a rise of almost sixfold in the first quarter compared to a year ago; this followed last year’s liberalisation of the currency for foreign investors and […]
The Economic Intelligence Group of Access Bank says it sees inflation rate (year-on-year) in April to sustain the downward trend started last year, easing to 12.56 per cent compared to 13.34 per cent in March. The lender said though the National Bureau of Statistics (NBS) is scheduled to release the inflation figure for April 2018 […]
A 2017 survey by the Nigerian Bureau of Statistics (NBS) identified officers of the Nigeria police force as among the most corrupt public officials in the country, mostly due to bribery. But amid that distasteful record, one officer stands out among his peers in the force. Julius Adedeji is said to have never taken a […]
The National Bureau of Statistics (NBS), on Wednesday, said the average prices paid by consumers for Premium Motor Spirit (petrol), Kerosene, Liquefied petroleum gas (cooking gas) and Automotive Gas Oil (Diesel) dropped in March by 5.3 percent to N163.4 from N172.5 in February 2018 while price for Kerosene decreased by 6.79 percent to N269 in […]
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 […]
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 […]
Data from the Nigeria Bureau of Statistics released Wednesday, February 21, 2017, indicates that the country’s total active voice subscriptions took a downward trend in the fourth quarter of 2017. The NBS stated that subscriptions decreased by 6.12 percent to 145,065,953 subscribers in the fourth quarter of 2017 from 154,529,780 in the corresponding quarter of […]
As of Q4 2017, only 46.16% equivalent to 3.45 million consumers of the total 7.48 million power consumers in Nigeria were metered, according to a power sector report compiled by the National Bureau of Statistics (NBS). The NBS report, Power Sector Report: Energy Generated and Sent Out and Consumed and Load Allocation, metering data indicates […]
The National Bureau of Statistics (NBS) is to release no fewer than 179 reports on different sectors of the economy this year. According to the 2018 tentative data release calendar posted on the bureau’s Website, the NBS is expected to release 40 data in the first quarter. According to the calendar analysed by the News […]
The National Bureau of Statistics (NBS), in its recent report on the country’s unemployment rate shows that it rose from 14.2% to 18.8% in 2017. It also said that Nigeria’s labour population increased from 83.9 million in the second quarter to 85.1 million in the third quarter of 2017, a difference of 1.2million in additional […]
The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.91 percent in October from 15.98 recorded in September. The NBS disclosed this in its “CPI Oct. 2017 Report’’ released on Wednesday in Abuja. The CPI, which measured inflation, increased by 15.91 percent (year on […]
The National Bureau of Statistics (NBS) latest overview of Nigeria’s economy between April and June 2017 has shown that the economy recorded a 0.55 percent positive productivity growth rate during the quarter and that Nigeria has exited from the recession it slipped into in the first quarter of 2016. Many Nigerians heaved a sigh of […]
The average price paid by consumers for Premium Motor Spirit (petrol) dropped by 1.2 per cent year-on-year, the Nigeria Bureau of Statistics (NBS), has said According to a report on the NBS website, the Bureau also listed states with the highest and lowest average price of petrol in comparison with the approved government price of […]
The news that the Nigerian economy had exited 5 quarters of recession came as a relief because the recession had dragged on for longer than most initially imagine. The question now is what next? In a report presented at the Franco-Nigerian Chamber of Commerce in February, geopolitical analysis organisation, SBM Intelligence, had advised that the […]
Central Bank of Nigeria has deployed an electronic certificate of capital importation (eCCI) platform, which it said would enhance transparency and efficient processing of foreign investment inflows into the country. In a circular signed by W.D. Gotring, its director of trade and exchange development, which it issued to all authorized dealers, including money deposit banks, the […]
*PDP cautions FG to stop playing with statistics *Fayose faults claim on recession, says statistics meaningless to hungry Nigerians Following the controversies generated by the recent report that the country has exited from recession, the National Bureau of Statistics (NBC) on Wednesday said that the Gross Domestic Product (GDP) report which indicated that Nigeria exited […]
Some Senior lawyers have condemned Wednesday National Bureau of Statistics (NBS) survey on corruption that rated judges and policemen as the most corrupt in the country . The senior lawyers, Chief Niyi Akintola (SAN) and Mr. Chukwuma-Machukwu Ume (SAN), also argued that there was no scientific proof and data by the NBS to back up […]
A report from the National Bureau of Statistics, (NBS) has revealed that that 2.1 million Nigerians lost their jobs in 2016. The NBS said the number of Nigerians who became unemployed rose by 2.1 million to 11.55 million at the end of 2016 from 9.48 million at the beginning of the year. The body, in […]
Recorded productivity by the combined labour force in the country has shown a 45 per cent increase over a six-year period to N684.43 in 2016 from N471.94 in 2011, the National Bureau of Statistics has said. Labour productivity is derived as the ratio of total output (annual GDP, current prices) to labour input (total hours […]