NBS Archives

Nigeria’s inflation hits 18.6%, highest in five years

The Consumer Price Index, which measures the rate of change in prices of goods and services, surged to 18.60 per cent in June 2022, up from 17.71 per cent in the previous month. According to reports, this is the highest since January 2017. The National Bureau of Statistics said this in its consumer price index […]

sadeniyipdnlimited-com
15th July 2022
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356 Views

Investment

Rivers, Kaduna, 30 others attract zero foreign investments in Q1

Thirty-two states in Nigeria, including Rivers and Kaduna, did not attract any foreign investments in the first quarter of 2022, AMBusiness has learnt. A report by the National Bureau of Statistics shows that only Lagos, Oyo, Katsina, Anambra states, and the Federal Capital Territory attracted investment during the period. According to the NBS’ Nigerian Capital […]

agencyreport
14th June 2022
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347 Views

Economy

Insecurity, naira devaluation drive wheat imports to N1.3tn

Importation of durum or pasta wheat into Nigeria has continued to skyrocket, rising from N730.9 billion in 2020 to N1.295 trillion in 2021. Calculations from the National Bureau of Statistics Foreign Trade Statistics showed that wheat importation into Africa’s most populous nation rose 77.23 per cent from 2020 to 2021. Wheat is an important commodity […]

agencyreport
26th May 2022
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350 Views

Economy

Nigeria’s GDP rose by 3.11% in Q1 2022 – NBS

The National Bureau of Statistics on Monday revealed that Nigeria’s Gross Domestic Product rose by 3.11 per cent in the first quarter of 2022. In a tweet posted to its official Twitter page, @NBS_Nigeria, on Monday, the NBS wrote, “Gross Domestic Product (GDP) grew by 3.11% (year-on-year) in real terms in the first quarter of […]

agencyreport
23rd May 2022
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376 Views

Economy

Workers in formal sector earn N159tn in four years – NBS

Employees in Nigeria’s formal sector earned N159.01tn from 2018 to 2021, according to data from the National Bureau of Statistics. The statistics body revealed this in its ‘Nigerian Gross Domestic Product Report’ released on Thursday. According to the NBS, the total compensation of employees in the nation, based on the GDP and expenditure at current […]

agencyreport
14th May 2022
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531 Views

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

Agribusiness Economy

Food prices jump over insecurity, fuel scarcity in Q1 – Report

THE rise in diesel prices, petrol scarcity, and heightened insecurity in the nation drove food prices to a record high in the first quarter of 2022, a new report by SB Morgen, has shown. The geopolitical intelligence platform disclosed this in its report titled, ‘The SBM Jollof Index Q4 2021 & Q1 2022; Geopolitics comes […]

agencyreport
19th April 2022
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369 Views

Dangote expands East Africa footprint with $660m Ethiopia-Djibouti

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Starbucks plans to shut 250 North American cafes

US launches online portal to report visa fraud,

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US launches online portal to report visa fraud, misuse

Nigeria, US sign deal for $700bn mineral resources development

FG commissions 581kWp solar mini-grid in Kwara community

Dangote expands East Africa footprint with $660m Ethiopia-Djibouti pipeline

Tag: NBS

Nigeria’s inflation hits 18.6%, highest in five years

Rivers, Kaduna, 30 others attract zero foreign investments in Q1

Insecurity, naira devaluation drive wheat imports to N1.3tn

Nigeria’s GDP rose by 3.11% in Q1 2022 – NBS

Workers in formal sector earn N159tn in four years – NBS

Food prices jump over insecurity, fuel scarcity in Q1 – Report

US launches online portal to report visa fraud,.

Nigeria, US sign deal for $700bn mineral resources.

FG commissions 581kWp solar mini-grid in Kwara community

Dangote expands East Africa footprint with $660m Ethiopia-Djibouti.

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