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Tag: NBS

Business

Nigeria’s Q4 trade surplus slumps to N1.71tn amid falling oil exports

Nigeria’s merchandise trade surplus dropped sharply to N1.71 trillion in the fourth quarter of 2025, down from N3.42 trillion in the same period of 2024, as falling crude oil exports and rising imports narrowed the country’s positive trade balance. Data released by the National Bureau of Statistics on Monday indicated that, while Nigeria still recorded […]

Business

Corporate Income Tax rises to N2.96tn in Q3

Nigeria’s Company Income Tax collections climbed to N2.96 trillion in the third quarter of 2025, marking a 6.55 per cent rise from the N2.78 trillion posted in the second quarter. The figures were contained in the latest report released by the National Bureau of Statistics. The report points to continued expansion in corporate tax receipts, […]

Investment

Manufacturing sector’s foreign investment drops to nine-year low – NBS

Foreign investment in Nigeria’s production and manufacturing sector declined to its lowest level in nine years during the first nine months of 2025. This trend highlights a shift in capital dynamics, as domestic financing increasingly replaces the role previously held by foreign investors. Analysis of National Bureau of Statistics capital importation data reveals that the […]

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Nigeria’s inflation drops to 15.1% in January – NBS

Nigeria’s headline inflation rate fell to 15.1 percent in January, down slightly from 15.15 percent in December 2025. The National Bureau of Statistics made this disclosure in its latest update on the country’s consumer price index on Monday. “The January 2026 Headline inflation rate showed a decrease of 0.05 per cent compared to the December […]

Business

Transport fares rose across major travel modes in October – NBS

Transportation fares across major travel modes climbed in October 2025, according to the Transport Fare Watch report by the National Bureau of Statistics. The figures show that commuters paid higher prices for bus, air, motorcycle (okada) and water transport, highlighting ongoing pressure on household transport costs. Average city bus fares increased marginally to ₦1,058.64 in […]

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Nigeria’s inflation drops to 16.05% in October

Nigeria’s inflation outlook improved in October 2025, as headline inflation fell to 16.05 per cent, down from 18.02 per cent in September. The National Bureau of Statistics reported on Monday that year-on-year headline inflation stood at 17.82 per cent, a sharp drop from 33.88 per cent in October 2024. The NBS added that this reflects […]

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Nigeria’s inflation falls to 18.02% in September – NBS

Nigeria’s headline inflation rate dropped to 18.02 per cent in September, down from 20.12 per cent in August 2025, marking the sixth consecutive month of slowdown. The National Bureau of Statistics revealed this in its latest Consumer Price Index report released on Wednesday. It also represents the first time in three years that inflation has […]

News

Lawmakers seek NBS autonomy to improve data quality

The National Bureau of Statistics is on the path to gaining financial autonomy as lawmakers push for reforms to strengthen the agency’s independence and improve national data credibility. According to Rep. Gboyega Isiaka, Chairman of the House Committee on National Planning, the committee prioritizes guaranteeing adequate funding, transparency, and public confidence in NBS statistics for […]

Economy featured

Ekiti, Kano, Oyo top list of most expensive states

The latest report from the Nigeria Bureau of Statistics reveals the ten states with the steepest annual increases in the cost of goods and services, with a mix of food and non-food pressures shaping each state’s experience Also Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, providing some relief for consumers […]

Tech

ICT sector records 31.63% nominal growth in Q1 2025 — NBS

The Information and Communications Technology sector posted a 31.63 per cent year-on-year growth in nominal terms in the first quarter of 2025, according to the latest GDP figures from the National Bureau of Statistics. This represents a sharp rise of 28.23 percentage points from the 3.40 per cent recorded in Q1 2024, and a 13.67-point […]

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