National Bureau of Statistics (NBS)
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....
Just in: Nigeria records 2.98% GDP growth in Q1 ’2024
The Gross Domestic Product (GDP) of Nigeria fell to 2.98 percent, a decrease from the 3.4 percent rate in the fourth quarter of...
Nigeria’s economy moving in right direction, says Finance Minister Edun
Nigerians are already benefiting from the economic reforms of President Bola Tinubu’s economic team, Minister of Finance Wale Edun has said. The Minister...
Breaking: Nigeria’s inflation rate jumps to 33.2% in March 2024 – NBS
Nigeria’s inflation rate increased to 33.2% for the month of March 2024, according to the latest data from the National Bureau of Statistics...
Nigeria’s inflation hits 31.70% in February – NBS
Nigeria’s inflation rate rose to 31.70 percent in February 2024 from 29.90 percent recorded in January 2024, the National Bureau of Statistics said...
Breaking: Nigeria’s GDP grew by 3.46% in Q4 2023 – NBS
The National Bureau of Statistics (NBS) has announced growth in Nigeria’s gross domestic product (GDP) by 3.46 percent in the fourth quarter (Q4)...
Nigeria’s inflation hits 29.90%, food inflation ‘quickens’ again to 35.4%
Nigeria’s annual inflation rate climbed further to a near 28-year high of 29.9% in January 2024, up from 28.9% in December and above...
Ban importation of 2000 to 2007 model cars, Automotive Council urges FG
The Director-General of the National Automotive Design and Development Council (NADDC), Mr. Joseph Osanipin, has suggested a ban of importation of cars used...
