Business
Lagos tops list of states with most external debt

Nigeria’s domestic debt hits N77.81tn in Q3

  • 20th February 2026
NAFDAC cuts licensing fees by 65%

NAFDAC seals 18 warehouses over expired goods in

  • 20th February 2026

Again, fire guts Kano market

  • 20th February 2026

Oil prices bear six‑month high amid US-Iran tension

  • 20th February 2026

Contact Info

Some Populer Post

Mexico considers 50% tariff on Chinese cars amid US pressure

US state’s lawmakers approve renaming airport after Donald Trump

Ports and Airports
Tesla recalls nearly all cybertrucks over safety concern

Tesla cuts prices, unveils lower-cost Cybertruck to boost sales

Tech
Lagos tops list of states with most external debt

Nigeria’s domestic debt hits N77.81tn in Q3

Business
NAFDAC cuts licensing fees by 65%

NAFDAC seals 18 warehouses over expired goods in Niger

Business

Tag: NBS

Business

NBS records N7.5tn trade deficit with China – Report

The trade balance between Nigeria and China grew to N7.54 trillion in the first nine months of 2023. The PUNCH reported that Nigeria’s imports from China have steadily increased over the past year, indicating a growing bilateral trade imbalance in China’s favour, according to an analysis of data from the National Bureau of Statistics. Nigeria […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
Business

Inflation hits 28.20% in November – NBS

The total rate of inflation increased to 28.20% in November 2023, above the rate of 27.33% in October 2023. This suggests a rise of 0.87% from month to month. The headline inflation rate for November 2022 was significantly greater than it was for the same month the previous year, rising by 6.73% points from 21.47%. […]

featured

CIT collection rises by 116% to N1.75 trillion in 2023 – NBS

Nigeria’s Company Income Tax collection jumped from N810.19 billion in the third quarter of 2022 to N1.75 trillion in the third quarter of 2023, a 115.90% increase in just one year. The National Bureau of Statistics’ most recent CIT collection report for Q3 2023 made this revelation. The CIT collection increased from N1.53 trillion in Q2, […]

Only four Nigeria states attract foreign investment in Q4 - Report
Business

Nigeria’s VAT collection rises 21.34% to N948.07bn in Q3 – Report

Value Added Tax revenue in Nigeria climbed by 21.34% in Q3 2023, from N781.35 billion in the second quarter to N948.07 billion. This is based on the National Bureau of Statistics’ third-quarter Value Added Tax report. In Q3 2023, N522.08 billion was collected in local payments, N204.58 billion in foreign VAT payments, and N221.41 billion from import […]

Insurance industry grew by 16.99% in Q3 - NBS
featured

Insurance industry grew by 16.99% in Q3 – NBS

Nigeria’s insurance industry grew by 16.99 percent in the third quarter of the fiscal year 2023. The Punch reported that this was made clear in the National Bureau of Statistics’ third-quarter report on the nation’s gross domestic product, which covered finance and insurance. According to the statement, “The finance and insurance sector is made up of […]

Oil and Gas

Oil sector gained zero foreign investment in Q2 – NBS

National Bureau of Statistics has stated that the country’s oil and gas industry failed to draw any foreign investment for the first time in Q2 2021 despite the worldwide push for cleaner energy. According to the NBS’s “Nigeria Capital Importation Q2” report, between January and June, the Federal Government was unable to persuade IOCs to make […]

featured

How food prices rose in September – NBS

  By Wilson Adekumola The National Bureau of Statistics has revealed how prices of beef, rice, beans, onion, yam and other food items increased in September 2023. The NBS disclosed this in its Selected Food Prices Watch report for September 2023 released in Abuja on Monday, according to News Agency of Nigeria. The report indicated […]

IGR
News

Lagos, Rivers, FCT maintain IGR dominance — Report

The National Bureau of Statistics has said Lagos, Rivers, and the Federal Capital Territory lead the other states in terms of internally generated revenue in 2022, just like they did in 2021.   According to the NBS report on Internally Generated Revenue At the State Level for 2022, Lagos, Rivers and FCT generated ₦651,145,633,085.30, ₦172,823,232,535.44, […]

Business

Nigeria’s foreign capital imports drop 9% – NBS

The National Bureau of Statistics’ foreign capital report shows that, compared to the first three months of 2023, Nigeria’s importation of foreign capital decreased by 9.04% in the second quarter of 2023. The Times reported that the country’s foreign capital decreased by 32.90% year over year, from $1.53 billion in the second quarter of 2022 to […]

Road accidents decrease by 24% in 2023 Q1 - NBS
Business

Road accidents decrease by 24% in 2023 Q1 – NBS

There were a total of 2,733 traffic accidents on the roads in the first quarter of 2023, therefore indicating a 24.44% decrease from the 3,617 crashes reported in the previous quarter and an 18.30% decrease from the 3,345 crashes reported in the same quarter of 2022. According to The Times, this information is in accordance with the National […]

Only four Nigeria states attract foreign investment in Q4 - Report
Business

Insurance industry grows 8.29% – NBS

The National Bureau of Statistics most recent data show that the insurance industry is back on a growth trajectory after increasing by 8.29% in the second quarter of 2023. According to The Punch, data on economic performance show that the industry had previously seen a setback of 7.25 percent shrinkage in the first quarter of the year […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in