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Tag: National Bureau of Statistics

Flood: Gas scarcity looms as NLNG stops operations
News

Cooking gas, Kerosene prices rise 88% in one year – NBS

The prices of kerosene and Liquefied Petroleum Gas also known as cooking gas jumped up by 88 per cent price in one year. The National Bureau of Statistics, in a recent report, said that the average retail price per litre of household kerosene paid by consumers in May 2022 increased by 15.21 per cent on […]

Economy

FG gains N19.2bn from gold, others in Q1 – NBS

The National Bureau of Statistics had shown that the Federal Government had gained N19.2bn in the first quarter of 2022 from gold deposits despite not having a robust gold extraction in deposits and production. The report, titled ‘Trade In Goods Statistics,’ said the commodity classified as ‘Gold unwrought or in semi-mfr. forms, or in powder […]

Trapped forex: Expert pushes for ticket purchase in dollars
Aviation

Airfares rise by 52% over forex, jet-A1 crisis

The average airfare paid by passengers on specified routes for a single journey has increased by 52 per cent in the past 12 months, the National Bureau of Statistics data have shown. In a new report titled, ‘Transport Fare Watch (April 2022),’ the NBS said airfares recorded a 19 per cent increase when gauged on […]

Economy

Food prices surge by 42% in 12 months –NBS

Selected food prices recorded an increase of 42 per cent in one year, figures by the National Bureau of Statistics have shown. A new report titled “Selected Food Price Watch for the month of April 2022” showed that the average price of 1kg of beans (white, black eye, sold loose) rose on a year-on-year basis […]

News

Nigerian paper mills collapse, imports hit N297bn in six months

Nigerian paper mills have collapsed years after privatisation, forcing the economy to depend on imported paper for its needs. According to data from the National Bureau of Statistics data, Nigeria imported paper and its allied products worth N296.696bn between July and December 2021. While paper valued at N188.137bn was imported in the third quarter of […]

Energy

After spending over $8bn on Ajaokuta, Nigeria imports N837bn steel

Steelmakers are sceptical about the planned concession of Ajaokuta Steel Company Limited after Nigeria imported iron, steel, and metals valued at N837.761bn in the third and the fourth quarters of 2021. According to the National Bureau of Statistics, Africa’s most populous nation brought in basic metals, iron, and steel products with 6000mm in width, rolled, […]

FG budgets N8.68tn for agric, food imports - Report
Agribusiness

Beans, tomatoes, yam record 40% price hike –NBS

The average prices of food items in Nigeria recorded significant increases within a one-year period spanning between February 2021 and February 2022, data from the National Bureau of Statistics show. According to NBS, the average cost of beans (white, black eye, sold loose) rose by 50.1 per cent from N331.48 to N 497.54 during the […]

Flights to South-South most expensive - NBS
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Domestic, int’l passengers rise by 44%, hit 15.23million

Nigerian Airports witnessed increased patronage between January and December 2021, as the number of air travellers rose to 15.23 million from 10.55 m recorded in 2020. According to the latest Air Transport Report released by the National Bureau of Statistics, the figure includes domestic and international passengers. This means that air travellers across Nigerian airports […]

inflation
Economy

Inflation hits 15.92%, highest in five months

Nigeria’s Consumer Price Index rose to 15.92 per cent in March, latest figures from the National Bureau of Statistics show. This new rate is the highest the country has recorded since November 2021, when inflation rate dropped to 15.99 per cent. The rise in the inflation rate in March shows that Nigeria is not left […]

Ports and Airports Transportation

Food imports exceed exports by N2.23tn in 12 months

The total international trade in agricultural goods in the country stood at N3.24tn in 2021, with the import value exceeding export value by N2.23tn, findings have revealed. Despite interventions by the Federal Government to diversify the economy and increase food production in the country, security concerns have driven a lot of farmers out of their […]

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  • April 4, 2022
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News

Capital importation rises by 26%, hits $2.19bn in Q4

The value of capital importation into Nigeria increased by 26.35 per cent to hit $2.19 billion in the fourth quarter of 2021 according to new data from the National Bureau of Statistics. In its ‘Nigerian Capital Importation’ report, the NBS disclosed that capital importation increased from $1.73 billion in the third quarter of 2021 to […]

FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators
Economy

Fuel scarcity, others raised inflation rate to 15.7% in February –NBS

The Consumer Price Index rose to 15.7 per cent in February from 15.6 per cent in January, latest figures from the National Bureau of Statistics have revealed. The NBS disclosed this in its ‘Consumer Price Index February 2022’ report on Tuesday. According to the NBS, the highest increases were recorded in prices of gas, liquid […]