Tag: NBS
Nigeria’s Inflation climbs to 15.93% in May, food prices still bite
The May 2026 headline inflation rate of 15.93 per cent was substantially lower than the 26.06 per cent recorded in…
VAT collections jump 17% as Nigeria records ₦2.42 trillion in three months
Nigeria recorded a strong increase in Value Added Tax (VAT) collections in the first quarter of 2026, reflecting improved economic…
Garri sells below N1,000 as food prices moderate nationwide – NBS
The prices of some major food items in Nigeria, including garri and beans, dropped significantly in April 2026, according to…
Nigeria’s GDP grows by 3.89% in first quarter of 2026
Nigeria’s Gross Domestic Product (GDP) grew by 3.89 per cent in real terms in the first quarter of 2026, reflecting…
Breaking: Nigeria’s Inflation balloons to 15.69% in April
Nigeria’s headline inflation rate rose to 15.69 per cent in April 2026, up from 15.38 per cent recorded in March,…
BREAKING: Price surge returns as Nigeria’s Inflation Hits 15.38% in March
Nigeria’s headline inflation rate rose to 15.38 per cent in March 2026, up from 15.06 per cent recorded in February,…
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Nigeria’s Inflation falls to 15.06% but monthly cost surge sparks concern
The NBS noted that on a year-on-year basis, inflation showed a significant decline compared with the 26.27 per cent recorded…
GDP rises to 4.07% as analysts call for stronger non-oil economy
They said the country needs stronger reforms in agriculture and industry to maintain economic growth and reduce the risks that…
JUST IN: Nigeria’s Inflation plummets again to 15.10% in January
According to NBS, disaggregated data showed that urban inflation on a year-on-year basis stood at 15.36 per cent in January…
Breaking: Inflation slumps again as Nigeria records sharp December price slowdown
The monthly inflation trend also pointed to slower price increases. The NBS reported that the month-on-month headline inflation rate stood…
Europe, India top buyers as crude oil keeps Nigeria’s export engine running
Nigeria earned about ₦12.81 trillion from crude oil exports in the third quarter of 2025, according to the National Bureau…
Growth on paper, hardship in reality — Analysts break down Nigeria’s GDP puzzle
He concluded that until inflation drops and incomes rise, GDP growth will remain encouraging on paper but disconnected from people’s…
Lagos, most indebted State as Nigeria’s debt hits N152.39 trillion in 2nd quarter
According to the report, external debt stood at N71.84 trillion (46.98 billion dollars), while domestic debt amounted to N80.55 trillion…
Economic outlook brightens as Nigeria sees ongoing price stability
The NBS said the increase in monthly food prices came from higher prices of items such as onions, oranges, pineapples,…
Nigeria’s Inflation crashes dramatically as October rate falls to 16.05%
It stated that, “on a year-on-year basis, the Headline inflation rate was 17.82% lower than the rate recorded in October…