Tag: NBS
Measuring national progress, NBS data, and scepticism
In contrast, when the NBS reported that inflation figures rose, these same voices quickly endorsed the report, illustrating some Nigerians'…
Tinubu promises stronger economic future as third quarter GDP surpasses expectations
The proposed tax reforms are also part of the administration’s efforts to reduce the tax burden on small businesses and…
Nigeria’s GDP surges to 3.46% in third quarter of 2024, Services sector dominates
In nominal terms, Nigeria’s GDP for Q3 2024 stood at ₦71.13 trillion, reflecting a year-on-year nominal growth of 17.26% from…
Breaking: Nigeria’s Inflation skyrockets to 33.88% in October as food prices surge
The report, released on Friday, revealed that the October Headline inflation rate increased by 1.18 percentage points from the 32.70%…
Breaking: Nigeria battles Inflation spike as rates hit 32.70% in September
Additionally, the NBS reported that on a month-on-month basis, the headline inflation rate for September 2024 was 2.52%, 0.30% higher…
Nigeria’s Merchandise Trade drops 3.76% in second quarter but soars 150% yearly
In the quarter under review, the NBS said exports comprised 60.89% of the total trade, valued at N19,418.93 billion, which…
Nigeria’s GDP balloons to 3.19% in second quarter of 2024
The Bureau said the growth rate was higher than the 2.51% recorded in the second quarter of 2023 and higher…
Price of kerosene shoots up to N1,769.86 per litre in July – NBS
In addition, the NBS said analysis by zone showed that the South-South recorded the highest average retail price per litre…
Nigerians purchase PMS at higher prices in July – NBS
The National Bureau Statistics (NBS) says the average retail price paid by consumers for Premium Motor Spirit (Petrol) for July 2024…
Breaking: Nigeria’s inflation rate plummets to 33.40% in July
According to the NBS, in July 2024, the headline inflation rate eased to 33.40% relative to the June 2024 headline…
NBS report indicates significant rise in food prices in June
The NBS said this in its Selected Food Prices Watch report for June 2024 released in Abuja on Tuesday. The…
Breaking: Nigeria’s inflation jumps to 34.19% in June
According to NBS, In June 2024, the headline inflation rate increased to 34.19% relative to the May 2024 headline inflation…
N721 billion cash paid as bribes to Nigerian public officials in 2023- NBS
According to the report released on Thursday, in 2023, out of all citizens who paid a bribe, 8.6 per cent…
Cross River rubbishes NBS report which rated State number one in child labour
According to the data, Cross River, Yobe, Abia, Plateau and Taraba are are top five with 58.6, 58.9, 60.1, 62.6,…
Nigeria records 6.29 per cent increase in kerosene price
“The North-Central recorded the lowest average price per gallon of kerosene at N4,634.60 ,” the NBS said.