National Bureau of Statistics (NBS)

Just In: Nigeria’s Inflation Rate Plummets to 16.05% in October 2025

Nigeria’s headline inflation rate has eased to 16.05% in October 2025, marking the seventh consecutive monthly decline, according to the National Bureau of...

Fuel Prices Drop Slightly: NBS Reports 1.22% Decrease in July 2025

The National Bureau of Statistics (NBS) released its July 2025 Premium Motor Spirit (Petrol) Price Watch report on Thursday, revealing a slight decrease...

Breaking: Nigeria’s GDP Grows by 3.13% in Q1 2025, Signals Economic Expansion

Nigeria’s economy showed signs of resilience in the first quarter of 2025, with the Gross Domestic Product (GDP) growing by 3.13% in real...

Nigeria’s Inflation Rate Declines for Third Consecutive Month to 22.22% in June 2025

Nigeria’s headline inflation rate has eased for the third consecutive month, declining to 22.22% in June 2025 from 22.97% in May. According to...

Nigeria’s Inflation Rate Edges Down to 22.97% – NBS 

Nigeria’s inflation rate saw a slight dip in May 2025, reaching 22.97% showing a 0.74% decrease from the April 2025 rate of 23.71%....

Nigeria’s Inflation Rate Drops to 23.71% in April 2025

Nigeria’s headline inflation rate has slightly decreased to 23.71 percent in April 2025, down from 24.23 percent in March, according to the National...

Just in: Inflation rises to 24.23% in March 2025

Nigeria’s headline inflation rate has increased to 24.23% in March 2025, up from 23.18% in February, reflecting mounting pressure on household incomes and...

China, India Emerge as Nigeria’s Largest Trading Partners

Nigeria’s trade relations have taken a significant shift, with China and India emerging as the country’s largest import partners. According to the latest...

Nigeria’s GDP Grows by 3.84% in Q4 2024, Driven by Services Sector

Nigeria’s economy has shown resilience, with the country’s Gross Domestic Product (GDP) growing by 3.84% in the fourth quarter of 2024, according to...

Nigeria’s Inflation Rate Drops to 24.48% in January 2025

Nigeria’s National Bureau of Statistics (NBS) has reported a significant drop in the country’s headline inflation rate, which stood at 24.48% in January...

Nigeria’s inflation rate rises to 34.80% in December 2024 up from 33.60%

Nigeria’s inflation rate rose to 34.80 percent in December 2024, up from 33.60% in November, according to the National Bureau of Statistics (NBS)....

Cyber attack hits National Bureau of Statistics website, recovery process initiated

The National Bureau of Statistics (NBS) announced on Wednesday night that its website had been hacked. In a post on X late Wednesday,...

Nigeria’s Inflation Rate Rises to 34.6% in November

Nigeria’s inflation rate has risen to 34.6% in November, up from 33.8% in October, according to the National Bureau of Statistics (NBS). The...

Nigeria Records Impressive N5.81trn Trade Surplus in Q3 2024 – NBS

Nigeria’s trade performance has shown significant improvement, with a trade surplus of N5.81 trillion recorded in the third quarter of 2024, according to...

Nigeria’s foreign investment surges by 152% in Q2 of 2024

Nigeria’s foreign investments, also known as capital importation, have seen a significant boost in the second quarter of 2024, rising by 152.81 percent...

Food inflation: Cost of healthy diet drops – NBS

Nigeria’s National Bureau of Statistics (NBS) has reported a slight decline in the cost of a healthy diet, dropping to N1,255 per day...