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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

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Lagos tops list of states with most external debt

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

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NAFDAC cuts licensing fees by 65%

NAFDAC seals 18 warehouses over expired goods in Niger

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Tag: NBS

Business

Nigeria’s exports to India decrease by 61% in one year

The most recent National Bureau of Statistics data reveal that Nigeria’s exports to India have dropped dramatically by a startling 61% in the last year. According to The Times, in conjunction with the G20 summit that is currently taking place in India, President Bola Ahmed Tinubu is leading a corporate delegation from Nigeria there for a business […]

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

Product taxes hit N1.36trn in six months – NBS

The country’s product taxes increased to N1.36 trillion in the first half of 2023 despite widespread suffering getting worse. This is a 113.29 percent increase from N636.19 billion in the first six months of 2021 and a 25.00 percent increase from N1.09 trillion in the same period of 2022. These figures are based on current basic […]

Economy featured

Nigeria’s inflation hits 24.08% – NBS

The National Bureau of Statistics has revealed that Nigeria’s inflation rate rose to 24.08 per cent in July 2023.   This, according to the latest report by the statistics agency, is the highest recorded leap in 2023 and in a while.   In June, inflation was recorded at 22.79 per cent, but has now risen […]

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

Bus fare rises 98% one month – NBS

The National Bureau of Statistics reports that while the price of Premium Motor Spirit increased at the pump, the average cost of bus travel within Nigerian cities increased from N649.59 in May 2023 to N1,285.41 in June 2023. These figures which were derived from the NBS’s June 2023 Transport Fare Watch report indicate that within a month, […]

Okada fares hit 258% in four years - NBS
Business

Okada fares hit 258% in four years – NBS

The average okada (motorcycle) fare increased by 258.2% between May 2019 and May 2023. This information was from the National Bureau of Statistics’ Transport Fare Watch which states that between May 2019 and May 2023, the average fare for okada rides increased from N129.69 to N464.55. The average fare paid on Okada transport in May 2023 was […]

Economy featured

Inflation rate hits 22.79% in June – NBS

The National Bureau of Statistics on Monday disclosed that Nigeria’s inflation rate accelerated for the sixth consecutive time to 22.79 per cent in June 2023.   The News Agency of Nigeria reported that the inflation rate rose to a new 17-year high of 22.79 per cent in June 2023 from 22.41 per cent in the […]

News

Nigeria’s capital inflow drops by 28% – NBS

The Nigerian Bureau of Statistics’ most recent report shows a 28% decrease in overall capital inflow to Nigeria during the first quarter of 2023. The amount of capital intake during the first three months of the year totaled $1.13 billion, down $441 million from the same period in 2022. The first quarter of 2022 had […]

Nigeria's food import bill exceeds N7.8 tn in six years - Report
News

Nigeria’s food import bill exceeds N7.8 tn in six years – Report

Nigeria has spent more than N7.8 trillion in the last six years on food imports despite claims that it is Africa’s food basket. According to ThisDay, the astounding amount shows that Nigeria’s leadership has not yet set the country on the proper path to eradicate hunger by 2030 as required by the Sustainable Development Goals of the […]

News

NBS reports 34.1% increase in average passengers’ airfare

The National Bureau of Statistics has reported that within a year, the average fare paid by air travelers for specific routes for a single trip grew by 34.06 percent. This was revealed in the Transport Fare Watch Report for May 2023, which the NBS released on Tuesday in Abuja. The NBS reported that the fare […]

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

Lagos ports processed 90% Nigerian exports in Q1 – NBS

In the first quarter of 2023, various ports in Lagos handled 97.13 percent of exports and 81.5 percent of imports, accounting for about 90 percent of all import-export transactions in Nigeria. Results from the National Bureau of Statistics Foreign Trade in Goods Statistics for Q1’23 reveal that N10.83 trillion, or 89.9% of Nigeria’s overall trade of N12.05 […]

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

Nigeria company tax Q1 2023 hits N469bn – NBS

The National Bureau of Statistics has reported the country’s total Company Income Tax for the first quarter of 2023 to be N469.01 billion. The information was revealed in the NBS Company Income Tax Q1 2023 report which was made public on Wednesday in Abuja. In comparison to the N753.88bn reported in Q4 2022, the data displays a growth […]

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