Transactions worth N39.15 trillion were carried out in the fourth quarter of 2018 in Nigeria, the National Bureau of Statistics (NBS) has said. This was disclosed...
The banking sector report from the National Bureau of Statistics (NBS), released on Tuesday, has shown that banks lending to the economy declined by N455 billion...
The latest statistics from the National Bureau of Statistics, NBS, have shown that the Federal Government, States and Local Governments in the country received a total...
The record of foreign inflow into the country in 2018 at $16.81 billion has shown that investors targeted portfolio investments also known as “hot money” rather...
New statistical figures have shown that Consumer Price Index which measures inflation dropped to 11.37 per cent in January 2019 as opposed to 11.44 per cent...
Capital importation to Nigeria declined by 25.05 percent in the fourth quarter of 2018 in comparison to the third quarter of the year. According to the...
Following the 1.93 per cent Gross Domestic Product (GDP) growth recorded by Nigeria in 2018, as against the 0.82 per cent achieved the previous year, the...
Lagos State accounted for N283.46 billion or 35.68 per cent of the total N794.50 billion Internally Generated Revenue (IGR) generated by the 36 states of the...
The National Bureau of Statistics (NBS) has released its Consumer Price Index (CPI) report for December 2018, indicating that inflation rose from 11. 28 percent in...
A report from the National Bureau of Statistics (NBS) has shown that Nigeria recorded crude oil export worth N11.5 trillion in nine months, from January to...
The National Bureau of Statistics (NBS) has said India emerged Nigeria’s biggest trading partner in the third quarter of 2018. According to data released by the...
By John Chukwu… The New Year – 2019 – is here with us. It is a year which will mark a watershed in the political history...
Data released by the National Bureau of Statistics (NBS) has shown that the manufacturing sector made the highest contribution to the Value Added Tax (VAT) generated...
The National Bureau of Statistics, NBS, has said that Nigeria’s unemployment rate increased to 23.1 in the third quarter of 2018 as against the 18.8 percent...
The Consumer Price Index, measuring inflation rate, increased from 11.26 percent in October to 11.28 percent year-on-year in November, according to the latest inflation report by...
The National Bureau of Statistics (NBS) has said that non-performing loans of Nigerian banks stood at N2.245tn as of the end of September 2018. Accordingto the...
The inflow of investment into Nigeria declined by $2.66 billion between the second and third quarter of this year, figures released by the National Bureau of...
The Central Bank of Nigeria (CBN) has said that it expects inflation rate in the country to increase to 11.4 percent for the remaining part of...
The banking sector report of the National Bureau of Statistics, NBS, has revealed that the private sector in the country received a total of N46.53 trillion...
The National Bureau of Statistics (NBS) has said the 36 states of the federation received a total sum of N1.23 trillion as net allocation from the...
The country’s inflation rate dropped by 0.02% from 11.28% in September to 11.26% in October, the National Bureau of Statistics (NBS) has said. This followed the...
The World Bank has lowered its growth forecast for Nigeria’s economy in 2018 to 1.9 percent as the growth continued to downsize in the oil and...
The Statistician General of the Federation, Dr. Yemi Kale, said the National Bureau of Statistics (NBS) would soon commence the Nigeria Living Standard Survey (NLSS) to...
In spite of the drop in the average pump price of Premium Motor Spirit, otherwise known as petrol, in the Federal Capital Territory (FCT), Abuja, and...
Twenty four states of the federation sold Petroleum Motor Spirit (PMS), otherwise known as petrol, at an average price of over N145 per litre in August,...
EVERY four hours, no fewer than two lives are lost on Nigerian roads. And every year, about 20,000 of the 11.654 million vehicles in the country...
The Minister of State for Petroleum, Ibe Kachikwu, has said the decline in the nation’s crude oil production may likely continue into next year. According to...
The Statistician-General of the National Bureau of Statistics (NBS), Yemi Kale, said the Nigerian economy could be regarded as a diversified economy based on the Q2...
The nation’s foreign exchange reserves have dropped below $46 billion, available data from the Central Bank of Nigeria (CBN) showed on Wednesday. The reserves, which stood...
The Central Bank of Nigeria (CBN) said the maximum credit issuable to agriculture, manufacturing, and other related sectors that are employment and growth stimulating to the...
The staff strength in the nation’s banking sector rose by 12 per cent in the first half of 2018 from 90,923 staff recorded at the end...
The Statistician-General of the National Bureau of Statistics (NBS), Yemi Kale, said the clashes between farmers and herdsmen slowed down the rate of growth in Nigeria’s...
World food prices dropped by 3.7 percent in July from the preceding month, even as Nigeria’s food inflation rose for the fifth consecutive month in June....
The total number of power consumers with prepaid meters by electricity Distribution Companies (DisCos) in the country rose by 6.23 percent in the first quarter of...
The National Bureau of Statistics has said unemployment is the major problem confronting the nation and not corruption as speculated. The bureau stated that Nigerians believe...
Nigeria’s inflation rate has dropped in June for the 17th consecutive time, even as it recorded the lowest drop in five months indicating the economic indicator...
Nigeria’s inflation rate is expected to drop for the 17th consecutive month in June, indicating that prices of goods and services increased in June at a...
About 18 million Nigerians have been estimated to become unemployed in the next four years, analysts at FSDH Research have forecasted. In December 2017, the National...
The National Bureau of Statistics (NBS) on Friday faulted the basis of the recent Brookings Report rating Nigeria over India as the new global extreme poverty...
The Federal Government, States and Local Governments of the federation received a total sum of N608.33 billion as allocations in May, the National Bureau of Statistics...
From the presentation of the 2018 Budget to a joint session of the National Assembly to the signing of the budget by President Muhammadu Buhari on...
Nigeria’s Consumer Price Index (CPI) further dropped for the 16th consecutive month in May, moving the index closer to the Central Bank of Nigeria’s (CBN) target,...
The National Bureau of Statistics (NBS) said the average prices for the refilling of a 5kg and 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased...
The average price of Premium Motor Spirit, popularly known as petrol, in Nigeria reduced in May 2018, the National Bureau of Statistics (NBS) has said in...
The total value of goods exports from Nigeria to foreign countries rose in the first quarter of 2018 to N4.69 trillion, causing a strong growth in...
A recent data by the National Bureau of Statistics (NBS) has shown that the Federal Capital Territory (FCT), Abuja is the most expensive city for bus...
The value of transactions recorded in the Nigerian banking sector rose by N3.04 trillion in the first quarter of 2018 Also, the number of bank staffs...
The National Bureau of Statistics (NBS) report released Thursday announced that Consumer Price Index (CPI), which measures inflation, rose by 13.34 per cent (year-on-year) in March...
The National Bureau of Statistics (NBS) report has shown that the total capital importation into the country, comprising of both Foreign Direct Investments (FDI) and Foreign...
A report released by the National Bureau of Statistics (NBS) on Tuesday has shown that Nigeria’s Gross Domestic Product (GDP) grew by 0.82 per cent in...