PARIS OLYMPIC GAMES
National Bureau of Statistics (NBS)
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...
Nigeria generates N1.56trn VAT revenue for Q2 2024 – NBS
The National Bureau of Statistics (NBS) reported on Monday that Value Added Tax (VAT) collection saw a notable growth of 9.11% in Q2...
Breaking: Nigeria’s inflation rises to 34.19% in June 2024
Nigeria’s inflation rate in June 2024 surged from 33.95% in May 2024 to 34.19%, according to the latest report from the National Bureau...
Nigeria lost N721bln to bribing public officials in 2023, says NBS
A staggering N721 billion was received as bribes by Nigerian public officials including political appointees in 2023, according to a report by the...
As food crisis persists, 82 million Nigerians may face severe hunger, says UN
Amid food insecurity in Nigeria, the Food and Agriculture Organization (FAO), an arm of the United Nations, has warned that by 2030, about...
Nigeria’s foreign investment inflows grow by 210% in Q1 2024
Foreign investment inflows to Nigeria grew to $3.38 billion in the first quarter of 2024, while total capital importation rose by 210.16% from...
Nigeria recorded N6.5trn trade surplus in Q1 2024, says NBS
The National Bureau of Statistics (NBS) has disclosed that the volume of Nigeria’s trade with other countries increased to N31.8 trillion in Q1...
Nigeria’s economy set to hit $1.85trn by 2029 – IMF
The International Monetary Fund (IMF) has predicted that Nigeria’s economy is expected to reach $1.85 trillion by 2029 in Purchasing Power Parity terms....
