Nigeria inflation hits 33.69% in April 2024 – NBS
The National Bureau of Statistics has said the headline inflation increased to an all-time high of 33.69 % in April 2024. This…
NBS
Cooking gas price rises 42.97% – NBS
Alex Omenye The National Bureau of Statistics reported a significant 42.97% increase in the average retail price to refill a 5kg cylinder…
Diesel prices surged to N1,341/litre in March 2024 – NBS
The average retail price of Automotive Gas Oil also known as Diesel paid by consumers soared by 59.51% year-over-year, increasing from N840.81…
Naira devaluation pushes raw material imports to N3tn – NBS
The National Bureau of Statistics has said the inflation rate increased to 22.04 per cent on a year-on-year basis in March 2023.…
Staple food prices increases by over 10% in February- NBS
Major staple food prices across Nigeria saw double-digit increases month-on-month, according to the latest food price watch by the National Bureau of…
Nigeria spent N3.25trn on armoured vehicles importation in 2023 — NBS
In the final quarter of 2023, Nigeria witnessed a remarkable shift in its import expenditure dynamics as spending on armoured vehicles surpassed…
CBN pledges to recover N10tn intervention loans
The Central Bank of Nigeria, which continues to stand by its previous position of withdrawing direct development funding, has pledged to retrieve…
Naira is already stabilizing, says FG
The foreign exchange market is witnessing a rise in inflows and the naira is stabilizing, as per the Federal Government’s insistence that…
Manufacturing sector’s FDI rises by $644m – NBS
Foreign investments in Nigeria’s manufacturing sector increased by $644 million in 2023 to $1.5 billion from $948 million in the previous year.…
Fuel import drops by 1bn liters in seven months – Report
The National Bureau of Statistics has revealed that following President Bola Tinubu’s removal of fuel subsidies in June, the nation’s monthly imports…
Only four Nigeria states attract foreign investment in Q4 – Report
By Melvin Onwubuke The number of Nigerian states that allured foreign investors, in the fourth quarter of 2023 dropped to lowest…
Foreign loans account for 59% capital importation – NBS
The National Bureau of Statistics’ most recent capital importation data for foreign loans accounted for no less than 59.1% of the $2.31…