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UBA wins Bank-of-the-Year award in Nigeria, seven other countries

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How FG can boost Nigeria's digital growth - Analyst
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ICT contributed 19.78% to Nigeria’s Q2 2024 GDP – NBS

Nigeria’s Information and Communications Technology sector contributed 19.78% to the country’s real Gross Domestic Product in the second quarter of 2024, according to data released by the National Bureau of Statistics on Monday. This marks a slight increase from the 19.54% contribution recorded in the same period last year, highlighting the sector’s growing importance to […]

News

Discos earn N3.95tn in five years – Report

Nigeria’s electricity distribution companies (Discos) reported a total revenue of approximately N3.95 trillion between 2019 and the first quarter of 2024, according to data from the National Bureau of Statistics. The data indicated a steady increase in revenue over this period, with Discos earning N482.6 billion in 2019, N526.8 billion in 2020, N761.2 billion in […]

News

Food prices surge by over 200% in June – NBS 

Prices for staple foods like tomatoes, beans, and garri increased dramatically in June 2024 when comparedl  to the same period in 2023. This was disclosed in the National Bureau of Statistics report, showing these increases in its Selected Food Price Watch released on Wednesday. According to the NBS, the price of tomatoes (1kg) surged by […]

News

Nigeria’s terms of trade dips 0.12% – NBS

In the first quarter of 2024 (Q1’24), all commodity terms of trade (ToT) fell by 0.12 percentage points, while imports grew by 0.51 percentage points. This was disclosed by the National Bureau of Statistics on Monday in its All Commodity Price Indices and ToT report for Q1’24. The bureau defined ToT as the ratio between […]

News

Electricity users hit 1.78% to 12m in Q1 2024 – NBS

The overall number of billing consumers was 12.33 million in Q1’24, up 1.78 per cent from 12.12 million in the fourth quarter of 2023 (Q1’23). The National Bureau of Statistics disclosed this in its Nigeria Electricity Report: Energy Billed, Revenue Generated, and Customers by DISCOS for the first quarter of 2024, according to Vanguard. This […]

Economy

Petrol price surges 223% to ₦770/litre — NBS

The average price of Premium Motor Spirit, also known as petrol, surged 223.21 per cent, reaching about ₦770 per litre in May 2024. This figure is a significant rise from ₦238.11 per litre recorded in May 2023, according to the National Bureau of Statistics. This was disclosed by NBS in its May 2024 “Premium Motor […]

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