Nigeria’s Inflation Hits 34.8% in December, Experts Share Solutions
Festive Season Demand and Economic Challenges Push Inflation Higher Nigeria’s inflation rate rose to 34.8% in December 2024, a slight...
Nigeria’s Inflation Rate Drops to 32.15% in August Despite Fuel Price Hike
Nigeria’s inflation rate dropped to 32.15% in August 2024, down from 33.40% recorded in July, according to the latest Consumer...
BREAKING: Inflation Rate Rises to 34.19% in June
The National Bureau of Statistics (NBS) announced on Monday, July 15, that Nigeria’s inflation rate climbed from 33.95% in May...
NBS Reports Increase in Electricity Consumers in Q1 2024
The National Bureau of Statistics (NBS) has reported a notable increase in the number of electricity consumers in the first...
Report Reveals Surge in Road Accident Fatalities and Injuries in Q4 2023
During the last quarter of 2023, the National Bureau of Statistics (NBS) released a report on Monday, February 26, revealing...
Nigeria’s VAT Collection Rises to N948.07 Billion in Q3 2023, Reports NBS
In the third quarter of 2023, Nigeria collected a hefty N948.07 billion in Value Added Tax (VAT), according to...
NBS: Rising Fuel Prices Grip Nigeria, Soar To N630.63 In October
In a startling revelation, the National Bureau of Statistics (NBS) has reported a significant spike in fuel prices in Nigeria,...
Nigeria’s Inflation Rate Increases To 22.4% In May
The National Bureau of Statistics says Nigeria's inflation rate increased to 22.4% in May from the 22.22 per cent recorded in April.
Nigeria’s Q1 Imports Decline by 25.83%, Reaching N5.56 Trillion
Nigeria experienced a significant decline of 25.83% in total imports during the first quarter (Q1) of 2023, dropping from N7.5...
NBS: Nigeria’s GDP Falls To 2.31% In Q1’23
The Gross Domestic Product growth in Nigeria fell to 2.31% in the first quarter of 2023 from 3.52% in the last quarter of 2022.
Nigeria’s Foreign Trade Jumps To N52.83trn In 2022
The National Bureau of Statistics says the trade between Nigeria and other countries increased to N52.83 trillion, OduNews reports.
NBS: Cooking Gas Price Increased By 39% In 12 Months
The Nigerian Bureau of Statistics says cooking gas prices went up by 39% from January 2022 to January 2023, OduNews reports.
NBS: Nigeria’s GDP Falls To 3.12%
The Nigerian Bureau of Statistics says the gross domestic product growth fell to 3.12% in 2022 from 3.40% in 2021, OduNews reports.
IMF Says Nigeria’s Inflation Index Outdated
The International Monetary Fund says the weights used to calculate Nigeria's monthly consumer price index are outdated, OduNews reports.
Nigeria’s Inflation Rate Falls To 21.34%
Nigeria's inflation recorded its first slide in 11 months as it fell to 21.34% in December, 2022, OduNews reports.
Domestic Airfares Rise By 98% In One Year
The National Bureau of Statistics (NBS) says the cost of domestic flight tickets in Nigeria rose to N73,267 in one...
Nigeria Rakes In N625bn As VAT In Q3’2022
The National Bureau of Statistics says Nigeria earned N625 billion as Value Added Tax (VAT) in the third quarter of 2022.
Nigeria’s Inflation Spikes To 21.47% In November
Nigeria's inflation rate increased to 21.47% in November, 2022 from the 21.09% it recorded in October, OduNews reports.
Diesel Sells Averagely For N801.09 per litre – NBS
The average retail price of gasoline paid by consumers in October was N801.09 per litre, according to the National Bureau...
Private Sector Received N62.28trn Credit In Q1 21 – NBS
The National Bureau of Statistics says the private sector received N62.28 trillion in credit facilities in the first quarter of 2021.