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Tag: NBS

featured

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 […]

featured

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 […]

Business

Nigeria’s economy grows 3.13% in Q1 2025, says NBS

Nigeria’s economy expanded by 3.13 per cent year-on-year in real terms in the first quarter of 2025, according to the latest data from the National Bureau of Statistics. This marks a notable improvement from the 2.27 per cent growth recorded in the same period of 2024, driven largely by strong performances in the services and […]

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Nigeria’s inflation falls to 22.97% in May – NBS

Nigeria’s headline inflation rate fell to 22.97 per cent in May 2025, marking the second straight month of decline. This was disclosed in the latest data released by the National Bureau of Statistics. The drop from 23.71 per cent in April points to a sustained slowdown in price increases, offering early signs of relief for […]

News

Petrol price soars 76.73% year-on-year in April 2025 – NBS

The average retail price of Premium Motor Spirit, commonly known as petrol, soared to N1,239.33 per litre in April 2025, a 76.73% increase from N701.24 in April 2024, according to the National Bureau of Statistics. The data, released Wednesday in the NBS’s “Premium Motor Spirit (Petrol) Price Watch,” highlights ongoing volatility in Nigeria’s fuel market […]

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Nigeria’s inflation drops to 23.71% in April

Nigeria’s inflation rate eased to 23.71% in April 2025, down from 24.23% in March, according to latest data from the National Bureau of Statistics. This 0.52 percentage point drop marks a modest but positive shift, signaling a potential turning point as the country battles persistent economic hardship and high living costs. While still elevated, the […]

How FG can boost Nigeria's digital growth - Analyst
featured Telecommunications

Nigeria’s ICT sector contributes 17% GDP in Q4 2024 – NBS

Nigeria’s Information and Communication Technology sector contributed 17.00% to the country’s real Gross Domestic Product in Q4 2024, according to the National Bureau of Statistics. This marks an increase from 16.66% in Q4 2023 and 16.35% in the previous quarter of 2024. The NBS report shows that Nigeria’s ICT sector contributed 17.68% to real GDP […]

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JUST IN: Nigeria’s GDP rises by 3.84% in Q4 2024 

The National Bureau of Statistics reports that Nigeria’s GDP grew by 3.84% year-on-year in Q4 2024, up from 3.46% in Q3. In its GDP report published on Tuesday, NBS said the growth rate is higher than the 3.46 per cent recorded in Q3 2024. The NBS noted that the 3.84% growth rate in Q4 2024 also […]

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