Food prices continue to soar in July- NBS
Sept. 15, 2023 The National Bureau of Statistics (NBS) says prices of food items such as beef, tomatoes, beans, and yams witnessed increases in July. It made the declaration in…
FG allocates 50% intervention initiative to boost women businesses
Sept. 13, 2023 The Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Olawale Fasanya, has reiterated Federal Governments desire to boost women owned businesses in the…
Telecom Contribution to GDP Hits 16% – Danbatta
The telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the data…
NBS names top three contributors to GDP as VAT revenue hits N1.49m in 6 months
Data released by the National Bureau of Statistics (NBS) on Monday showed that the top three largest contributors to GDP in the second quarter of 2023 were manufacturing with 29.64%;…
Nigeria’s GDP growth slows to 2.5% y/y in Q2 as reforms get under way
August 25, 2023 Nigeria’s annual economic growth rate slowed to 2.51% in the second quarter, data showed on Friday, hurt by a fall in oil production amid a series of…
Nigeria’s Inflation Rate Rises To 22.79%
July 17, 2023 In June 2023, the Headline inflation rate rose to 22.79%, the Nigeria Bureau of Statistics, NBS has said. In its latest report released on Monday the agency…
Nigeria inflation rises to 22.41% in May on higher food prices
June 15, 2023 Nigeria’s annual headline inflation rose to 22.41% in May, 2023 on a year-on-year basis from 22.22% in April, the National Bureau of Statistics (NBS) said on Thursday….
Nigeria recorded N927.2bn trade surplus in Q1 2023 – NBS
June 6, 2023 Nigeria recorded N927.16 billion trade surplus between January and March 2023, says the National Bureau of Statistics (NBS). This is contained in the NBS Foreign Trade in…
Nigeria’s total trade for Q4 2022 stood at N11.722bn – NBS
March 10, 2023 The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stood at N11,722.44 billion in the fourth quarter of 2022. This is according to the NBS…
VAT for Q4 2022 stood at N697.38bn — NBS
March 8, 2023 The National Bureau of Statistics (NBS), said the aggregate Value Added Tax (VAT) stood at N697.38 billion in Q4 2022. This is according to the VAT Q4…