Tag: NBS
Naira wobbles again, loses ₦18 in one week
Meanwhile, the National Bureau of Statistics reported that Nigeria’s inflation rate fell for the sixth consecutive month, standing at 18.02%…
Nigeria’s Inflation plummets to 18.02% in September
The report revealed that the September figure represents a 2.1 percent decrease from the previous month’s rate, showing a sustained…
MAN raises alarm over Nigeria’s shrinking Industrial base
He stressed that the “Nigeria First” policy should go beyond patriotic talk, urging the government, private sector, and citizens to…
Nigeria’s headline Inflation eases to 21.88% in July
“On a month-on-month basis, the Headline inflation rate in July 2025 was 1.99%, which was 0.31% higher than June 2025…
Boom in VAT collection: Health sector grows 250%, ICT follows close NBS
The data shows that most of the VAT came from local payments, which brought in ₦922.87 billion. This was followed…
Breaking: Nigeria’s GDP surges to 3.13% in 2025 first quarter
In nominal terms, aggregate GDP reached N94.05 trillion in Q1 2025, reflecting an 18.30% year-on-year increase from N79.51 trillion in…
Nigeria’s Inflation plummets to 22.22% in June amid rising CPI
The urban inflation rate declined to 22.72% year-on-year in June 2025, significantly lower than the 36.55% recorded in June 2024.…
Hope for Nigerians as Inflation Rate plunges to 22.97% in May
According to the NBS report, the average inflation rate over the past 12 months, ending in May 2025, stood at…
Nigeria’s Inflation rate plummets, hits 23.71% in April
On a year-on-year basis, the inflation picture showed even greater improvement. The April 2025 figure of 23.71% was 9.99 percentage…
Economic shift? Nigeria records biggest Inflation drop in years
On a year-on-year basis, the February 2025 inflation rate was 8.52% lower than the 31.70% recorded in the same month…
Nigeria’s GDP grows by 3.84% in fourth quarter of 2024
The Bureau stated that the performance of the GDP in the fourth quarter of 2024 was driven mainly by the…
Inflation crashes! Nigeria’s CPI drops to 24.48% in stunning decline
The imported food index, at 11.47%, suggests external factors such as currency fluctuations and supply chain disruptions are affecting food…
Nigeria’s Inflation hits 34.80% in December, festive spending drives spike
From the report. despite the annual increase, the month-on-month inflation rate showed a slight decrease, falling to 2.44% in December…
Shocking Report: Nigerians pay N2.23trn in ransom to kidnappers in one year
'The average amount paid as ransom was ₦2,670,693, with an estimated total ransom of ₦2,231,772,563,507 paid within the reference period,"…
Nigeria’s Inflation surges to 34.60% in November as prices soar
Breaking down the figures, the NBS revealed that urban inflation rose significantly, hitting 37.10% in November 2024 on a year-on-year…