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Tag: NBS

Only four Nigeria states attract foreign investment in Q4 - Report
News

Nigeria’s corporate income tax drops to N753.88 in Q4 2022

The National Bureau of Statistic has revealed that the total company income tax recorded by Nigeria dropped by -6.95% from N810.19 billion in Q3 2022 to N753.88 billion in Q4 2022. According to Nairametrics, this was disclosed by the NBS on Wednesday through it’s Company Income Tax, Q4 report. It also stated that the local […]

Domestic airfares increased by 95% in 12 months – NBS
Aviation

Domestic airfares increased by 95% in 12 months – NBS

that the average domestic airfare paid by passengers climbed by 94.78% during the previous 12 months. According to The PUNCH, this development occurred when several difficulties affecting the regional aviation industry were being reported. The NBS stated in a new study titled “Transport Fare Watch (January 2023)” that when compared month to month, airfares saw […]

Nigeria's mineral production rose by 39% in 2021 - NBS
Business

Nigeria’s crude oil production declines by 13%

The Nigerian Bureau of Statistics has  said crude oil production, which represents about two-thirds of government revenue and 90 per cent of its foreign exchange reserves, declined by 13.3% per cent against 2021 in the fourth quarter of 2022. According to the bureau’s most recent data, Nigeria produced 1.3 million lesser barrels of oil per day […]

Cooking gas price increased by 39% one year - NBS
Oil and Gas

Cooking gas price increased by 39% one year – NBS

Recent data from the National Bureau of Statistics has shown that the cost of 12.5kg of cooking gas increased from N7,413.25 in January 2022 to N10,277.17 in January 2023, a 38.63% rise from the previous year. Nonetheless, the monthly increase in the price to refill it from N10,248.97 in December 2022 to N10,277.17 in January […]

Nigeria's mineral production rose by 39% in 2021 - NBS
Business

Nigeria’s GDP growth rate records 3.10% decline – NBS

The Nigerian annual Gross Domestic Product recorded a 3.1 percent growth in 2022, this represents a 0.3 percentage point decline from the 3.4 percent recorded in 2021. This was disclosed by the National Bureau of Statistics in the just released GDP report for the fourth quarter, Q4’22. However, the GDP growth in the fourth quarter […]

Nigeria's mineral production rose by 39% in 2021 - NBS
Oil and Gas

Manufacturing sector remitted N114.37bn Q3 2022 – NBS

The manufacturing sector topped the list of highest contributors to Value Added Tax revenue generated by the Federal Government in the third quarter of 2022.   The National Bureau of Statistics third quarter report revealed that the sector had a remittance of N114.37 billion, accounting for 18.29 percent of the total N625.39 billion generated as […]

News

5kg cooking gas now 37% higher than 2021 – NBS

The National Bureau of Statistics has revealed that Nigerians now pay 37.34% more to refill a 5kg cooking gas than the previous year.   The NBS made this known in its November 2022 LPG price watch report released on Monday.   According to the report, the average price of refiling a 5kg has risen to […]

News

Kerosene hit over N1000/litre – Report

  The National Bureau of Statistics has revealed that the average retail price of household Kerosene paid by consumers in October was N1, 041.05 per litre. According to The News Agency of Nigeria, NBS stated, “National Household Kerosene Price Watch” for October 2022 that the average price was a 9.90 per cent increase over the […]

Flights to South-South most expensive - NBS
Aviation

Flights to South-South most expensive – NBS

The National Bureau of Statistics ranked flights to the South-South as the most expensive of all geopolitical zones in the country. According to recent NBS fare watch data, the average airfare for a one-way trip in the South-South zone was N74,150 in September 2022. For the same period under consideration, the North Central zone cost […]

Nigerians bought petrol N191.65 per litre September- NBS
News

Petrol cost average N191.65 per litre September– NBS

The National Bureau of Statistics on Saturday revealed that consumers paid an average of N191.65 for a litre of petrol in September. According to The News Agency of Nigeria, as obtained from the Petrol price watch for the month of September 2022, the average price for petrol saw a 16.26 per cent increase over the […]

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