Nigeria’s imports from Malta hit N766.81bn in Q3 2024 – NBS
Nigeria’s total imports from Malta N766.81 billion in the third quarter of 2024, according to the National Bureau of Statistics foreign trade…
NBS
Telecoms sector suffers $99m foreign investment decline in Q3 – NBS
Foreign investments in Nigeria’s telecommunications sector plummeted from $113.42 million in Q2 2024 to $14.4 million in Q3 2024, representing an 87%…
Local rice prices surge by 137.32% – NBS
Local rice prices in Nigeria skyrocketed by 137.32% in October 2024 compared to the same period last year, according to the National…
ICT contribution to Nigeria’s GDP drops to 16.35% – NBS
The Information and Communications Technology sector contributed 16.35% to Nigeria’s real GDP in Q3 2024, down from 19.78% in the previous quarter,…
Inflation hits 33.88% in October
Nigeria’s inflation rate surged to 33.88% in October 2024, up from 32.70% in September, according to the Consumer Price Index report released…
Food inflation worsen as imported rice prices rise by 144.77%
The price of imported high-quality rice, sold loose, has surged by 144.77% year-on-year, reflecting the growing challenges in Nigeria’s food market. This…
Nigeria’s inflation rate hit 32.70% in September 2024
Nigeria’s headline inflation rate rose to 32.70% in September 2024, up from 32.15% in August, reflecting a month-on-month increase of 0.55%. The…
Nigerian telecoms attracted $304m foreign investments in 2024 H1 — NBS
The Nigerian telecom sector has experienced a significant resurgence in foreign direct investments, attracting $304 million in the first half of 2024.…
Foreign capital inflows from BRICS surge by 189% – NBS
Nigeria’s foreign capital inflows from BRICS nations have experienced a remarkable surge of 189% in the first half of 2024, reflecting the…
Local refineries produced 1.46bn litres of petrol – NBS
Nigeria produced only 1.46 billion litres of petrol, from 2015 to 2019, primarily due to low refining capacity from inactive refineries, according…
Petrol imports decline by 3.58bn litres in one year – NBS
The importation of Premium Motor Spirit commonly known as petrol, declined by 3.5 billion litres over the past year, according to data…
Agriculture accounts for 30.1% of total workforce – NBS
Nigeria’s agriculture sector continues to be the largest employer, engaging over 25 million people—about 30.1% of the total workforce—in agriculture, forestry, and…