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Tag: NBS

Nigeria's mineral production rose by 39% in 2021 - NBS
Oil and Gas

Manufacturing sector remitted N114.37bn Q3 2022 – NBS

The manufacturing sector topped the list of highest contributors to Value Added Tax revenue generated by the Federal Government in the third quarter of 2022.   The National Bureau of Statistics third quarter report revealed that the sector had a remittance of N114.37 billion, accounting for 18.29 percent of the total N625.39 billion generated as […]

News

5kg cooking gas now 37% higher than 2021 – NBS

The National Bureau of Statistics has revealed that Nigerians now pay 37.34% more to refill a 5kg cooking gas than the previous year.   The NBS made this known in its November 2022 LPG price watch report released on Monday.   According to the report, the average price of refiling a 5kg has risen to […]

News

Kerosene hit over N1000/litre – Report

  The National Bureau of Statistics has revealed that the average retail price of household Kerosene paid by consumers in October was N1, 041.05 per litre. According to The News Agency of Nigeria, NBS stated, “National Household Kerosene Price Watch” for October 2022 that the average price was a 9.90 per cent increase over the […]

Flights to South-South most expensive - NBS
Aviation

Flights to South-South most expensive – NBS

The National Bureau of Statistics ranked flights to the South-South as the most expensive of all geopolitical zones in the country. According to recent NBS fare watch data, the average airfare for a one-way trip in the South-South zone was N74,150 in September 2022. For the same period under consideration, the North Central zone cost […]

Nigerians bought petrol N191.65 per litre September- NBS
News

Petrol cost average N191.65 per litre September– NBS

The National Bureau of Statistics on Saturday revealed that consumers paid an average of N191.65 for a litre of petrol in September. According to The News Agency of Nigeria, as obtained from the Petrol price watch for the month of September 2022, the average price for petrol saw a 16.26 per cent increase over the […]

Nigeria's mineral production rose by 39% in 2021 - NBS
News

Nigeria’s mineral production rose by 39% in 2021 – NBS

The National Bureau of Statistics has disclosed that Nigeria’s mineral production increased by 39.19% in 2021, from 64.29 million tons recorded in 2020 to 89.48 million tons in 2021. This was disclosed in an NBS report on Monday titled, ‘Mineral production Statistics’ for 2021. The report added that the most mined mineral in Nigeria remains […]

inflation
Economy

Nigeria’s inflation hits 18.6%, highest in five years

The Consumer Price Index, which measures the rate of change in prices of goods and services, surged to 18.60 per cent in June 2022, up from 17.71 per cent in the previous month. According to reports, this is the highest since January 2017. The National Bureau of Statistics said this in its consumer price index […]

Investment

Rivers, Kaduna, 30 others attract zero foreign investments in Q1

Thirty-two states in Nigeria, including Rivers and Kaduna, did not attract any foreign investments in the first quarter of 2022, AMBusiness has learnt. A report by the National Bureau of Statistics shows that only Lagos, Oyo, Katsina, Anambra states, and the Federal Capital Territory attracted investment during the period. According to the NBS’ Nigerian Capital […]

Economy

Insecurity, naira devaluation drive wheat imports to N1.3tn

Importation of durum or pasta wheat into Nigeria has continued to skyrocket, rising from N730.9 billion in 2020 to N1.295 trillion in 2021. Calculations from the National Bureau of Statistics Foreign Trade Statistics showed that wheat importation into Africa’s most populous nation rose 77.23 per cent from 2020 to 2021. Wheat is an important commodity […]

Africa's GDP grew  6.9% in 2021
Economy

Nigeria’s GDP rose by 3.11% in Q1 2022 – NBS

The National Bureau of Statistics on Monday revealed that Nigeria’s Gross Domestic Product rose by 3.11 per cent in the first quarter of 2022. In a tweet posted to its official Twitter page, @NBS_Nigeria, on Monday, the NBS wrote, “Gross Domestic Product (GDP) grew by 3.11% (year-on-year) in real terms in the first quarter of […]

Economy

Workers in formal sector earn N159tn in four years – NBS

Employees in Nigeria’s formal sector earned N159.01tn from 2018 to 2021, according to data from the National Bureau of Statistics. The statistics body revealed this in its ‘Nigerian Gross Domestic Product Report’ released on Thursday. According to the NBS, the total compensation of employees in the nation, based on the GDP and expenditure at current […]