Tag: NBS
GDP Report: Pantami congratulates all stakeholders in the ICT sector for growth
Dr. Isa Pantami, Minister of Communications and Digital Economy is delighted that the Information and Communications Technology (ICT) sector has recorded the highest growth rate of all sectors of the Nigerian economy. Pantami said this was based on the fourth quarter of 2020 (Q4 2020) and the entire year 2020 report on Nigeria’s Gross Domestic ...Nigeria to re-base GDP in 2021- Statistician-General
Mr. Yemi Kale, the Statistician-General of the Federation, says the nation will re-base its Gross Domestic Product (GDP) later in the year. He said this on Thursday in Abuja during a media conference on the significance of the on-going National Survey of Establishment (NSE). He said when completed, the NSE would provide updated sectoral information ...Nigeria’s Foreign Capital Importation Drops To $9.68bn, Lowest in 3 Years
The total value of capital importation into Nigeria has recorded a huge decline from $23.9 billion recorded in 2019 to $9.68 billion in 2020, the lowest in three years. According to the data released by the National Bureau of Statistics (NBS) on Friday, this is a decline of 59.65 per cent between 2019 and 2020. ...CPI: Five Key Reasons Nigeria Dropped
The Civil Society Legislative Advocacy Centre (CISLAC)/ Transparency International (TI) Nigeria on Thursday released its 2020 Corruption Perception Index (CPI). According to the index, Nigeria experienced a striking decline, the worst the nation has seen since 2015. The CPI aggregates data from 8 (eight) different sources that provide perceptions by Nigeria’s business community and country ...CPI: Nigeria Drops To 149, Worst Ranking Since 2015
Nigeria has recorded its worst rating on Transparency International’s (TI) Corruption Perception Index, CPI, since 2015. In the 2020 index released on Thursday, the country scored 25 out of 100 points, dropping to 149 out of the 180 countries surveyed, taking the nation three steps down from the 146 scored in 2019. According to Transparency ...Nigeria’s Dec inflation closed on a 15.75% high, highest in 3 years – NBS
The inflation rate in Nigeria closed 2020 on a high hitting 15.75 percent in December, its highest level in three years. This is according to statistics released on Friday by the National Bureau of Statistics, NBS. This is an increase by 0.86 percent from the 14.89 percent recorded in November last year. “The consumer price ...Food prices increase as Nigeria’s inflation hits 14.89%
Nigeria’s headline inflation has increased for the 15th consecutive month to 14.89% in November 2020, from 14.23% in October. The report which was released on Tuesday by the National Bureau of Statistics (NBS) also shows a spike in food inflation which jumped to 18.30% in November from 17.38% the previous month, while core inflation declined ...Nigeria’s foreign trade stands at N23.2trn; export drops – NBS
The total value of Nigeria’s merchandise trade from January to date is to N23.2 trillion, while trade in the third quarter of 2020 (Q3 2020) stood at N8.37 trillion. The National Bureau of Statistics (NBS) said this in its “Foreign Trade in Goods Statistics Q3, 2020” published on its website on Monday. According to the ...Nigeria will exit recession by Q1 of 2021 – Finance Minister
Nigeria’s Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Monday, said the country will exit recession by the first quarter of 2021. Ahmed spoke about the current recession in the country at the ongoing 26th Nigerian Economic Summit organised by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, ...Nigeria slips into worst recession, the second under Buhari – NBS report
The National Bureau of Statistics, NBS, has reported a second recession in five years for the Nigerian economy, this time far worse than that of 2016. The figures by NBS revealed that the economy shrank again in the third quarter of this year. The Muhammadu Buhari government has faltered on the economic front since 2015 ...
