The National Bureau of Statistics (NBS), has introduced special inflation indices to its monthly Consumer Price Index (CPI) Report. The Statistician-General (S-G) of the Federation, Adeyemi Adeniran, made this known at a news briefing on the CPI Rebasing Results in Abuja on Tuesday. Adeniran said the new indices include...
NBS
Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025. This is a sharp decline from the 34.80 per cent headline inflation recorded in December 2024. This is according to the National Bureau of Statistics (NBS). The Statistician-General of the Federation Adeyemi Adeniran announced...
The National Bureau of Statistics (NBS) has said the Nigeria’s headline inflation rate increased to 34.80 per cent in December 2024. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for December 2024, which was released in Abuja on Wednesday. According to the report, the...
Nigerians paid ₦2.23tn as ransom to kidnappers in twelve months. The National Bureau of Statistics (NBS) said the payments were made between May 2023 and April 2024. According to the NBS’s latest Crime Experience and Security Perception Survey report published on Tuesday, 65 per cent of households affected by...
By DAVID IORJA, Abuja- President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand following the newly released third quarter Gross Domestic Product report by the National Bureau of Statistics. According to the NBS, Nigeria’s GDP grew by 3.46%, compared to the 3.19% growth...
By MBAFAN ADE, Abuja- Nigeria’s Gross Domestic Product (GDP), the measure of a country’s economic health, grew by 3.46% (year-on-year) in real terms in the third quarter of 2024, the NBS reports. This growth rate is higher than the 2.54% recorded in the third quarter of 2023 and higher...
The National Bureau of Statistics (NBS) has said the Nigeria’s headline inflation rate increased 33.88 per cent in October 2024. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for October 2024, which was released in Abuja on Friday. According to the report, the figure...
The National Bureau of Statistics (NBS) reports that prices of essential food items, including beans, eggs, bread, rice, and tomatoes, experienced significant increases in September 2024. The NBS said this in its Selected Food Prices Watch report for September 2024 released in Abuja on Wednesday. The report said that...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 32.70 per cent in September 2024. The Statistician-General of the Federation, Adeyemi Adeniran, revealed this in a statement issued on the Consumer Price Index (CPI) and Inflation Report for September 2024 in Abuja on Tuesday. According...
The National Bureau of Statistics (NBS) has said the unemployment rate in Nigeria stood at 5.4 per cent in 2023. At the state level, Abia recorded the highest unemployment rate at 18.7 per cent, while Nasarawa had the lowest rate at 0.5 per cent. The NBS said this in...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate further declined to 32.15 per cent in August 2024. The NBS said this in its Consumer Price Index (CPI) and Inflation Report for August 2024, which was released in Abuja on Monday. According to the report, the figure...
Nigeria’s Gross Domestic Product (GDP) for the second quarter of 2024 grew by 3.19%, the National Bureau of Statistics (NBS) has said. In its Q2 2024 GDP Report on Monday, the Bureau said Nigeria’s GDP rose year-on-year in real terms in the second quarter of 2024. “This growth rate...
The National Bureau of Statistics (NBS) on Thursday said the Nigeria’s headline inflation rate declined to 33.40 per cent in July. This is contained in the NBS Consumer Price Index (CPI) and Inflation Report for July, which was released in Abuja. The figure is 0.8 per cent points...
The National Bureau of Statistics (NBS), says prices of beans, tomatoes, irish potatoes, garri, yam and other food items witnessed significant price increases in June 2024. The NBS said this in its Selected Food Prices Watch report for June 2024 released in Abuja on Tuesday. The report said...
The National Bureau of Statistics (NBS) has said the average retail price of a litre of petrol increased from N545.83 in June 2023 to N750.17 in June 2024. It made the declaration in its Petrol Price Watch for June 2024 released in Abuja on Thursday. It stated that the...
Nigeria’s inflation figure has reached a new high, hitting 34.19 % for June 2024, according to the latest data from the National Bureau of State Statistics (NBS). This is an increase of 0.24% points when compared to the inflation figure for May 2024 released by the NBS. “In...
The National Bureau of Statistics (NBS) says 70 per cent of Nigerians refused to pay bribes in 2023 on at least one occasion. This is according to the NBS Corruption in Nigeria: Patterns and Trends Report released in Abuja on Thursday. The report said the bribery refusal rate...
The Nigerian Railway Corporation generated N1.42 billion as revenue from passengers in Q1 of 2024, the National Bureau of Statistics (NBS) has said. This is contained in the NBS Rail Transportation Data for Q1 2024 released in Abuja on Monday. The report showed that the figure increased by...
The number of electricity consumers rose by 210,000 from 12.12 million in the fourth quarter of 2023 to 12.33 million in the first quarter of 2024. The National Bureau of Statistics (NBS) stated in its Electricity Report for the first quarter (Q1) of 2024 released on Tuesday in...
The average price of 5kg cooking gas increased from N6,521.58 recorded in April 2024 to N7,418.45 in May 2024, according to the National Bureau of Statistics (NBS). This is contained in the Bureau’s “Cooking Gas Price Watch’’ for May 2024 released on Wednesday in Abuja. The report said...