An economy in decline, by Nick Dazang
On Monday, 21st July 2025, the Statistician-General of the Federation, Prince Adeyemi Adeniran, offered us a partial glimpse into the Nigerian economy.According to Prince Adeniran, […]
NBS
Would GDP rebasing make meaning impact on real income?
By Isiaq Ajibola In the last few months, there have been talks about rebasing the two important economic indicators, the Gross Domestic Product (GDP) and […]
Nigeria sees inflation slowdown to 32.15% in August — NBS
Nigeria’s inflation rate has decelerated for two consecutive months, from 34.19% in June to 33.40% in July, and now 32.15% in August, the National Bureau […]
Electricity consumer base grows to 12.33 million in Q1 2024, says NBS
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 […]
Three states in Nigeria with the highest food prices – NBS
Kogi, Kwara, and Ondo are the three states in Nigeria with the highest food prices amid worsening hardship. This is according to the latest National […]
Breaking: Nigeria’s headline inflation increases to 25.80 per cent – NBS
Nigeria’s inflation has increased to 25.80 per cent in August from 24.08 per cent recorded in July. The National Bureau of Statistics disclosed this on […]
Lazy leaders are responsible for 133 million Nigerians living in poverty – Experts reveals
Economic experts have blamed the leaders of both federal and state governments for 133 million Nigerians living in poverty. A Financial Inclusion/Wealth Management expert, Mr […]
Nigeria’s total trade for Q2 2022 stands at N12.841bn – NBS
They report said the value of exports trade in Q2 2022 was dominated by crude oil exports valued at N5,907.97 billion which accounted for 79.77 per cent of total exports.
Nigeria’s inflation rate hits 17-year all-time high — NBS
“The percentage change in the average CPI for the twelve months ending July 2022 over the average of the CPI for the previous twelve months period was 16.75 per cent.
NBS: Beans, tomatoes, yam record 40% price hike
The average prices of food items in Nigeria recorded significant increases within a one-year period spanning between February 2021 and February 2022, data from the […]
Inflation drops to 17.93% in May 2021
The consumer price index, (CPI) which measures inflation decreased by 17.93 percent (year-on-year) in May 2021. This is 0.19 percent points lower than the rate […]
Inflation rate rises again
The National Bureau of Statistics (NBS) on Tuesday said the inflation rate rose from 16.46 per cent in January 2021 to 17.33 per cent in […]
21.76m Nigerians unemployed in 2020, says NBS
By Temitope Ponle The National Bureau of Statistics (NBS) says the total number of unemployed Nigerians is 21,764,617. The statistics are contained in the bureau’s […]
Nigeria’s debt hits N28.63 trillion – NBS report
The National Bureau of Statistics (NBS) said on Friday the total public debt portfolio of the Federal and State governments stood at N28.63 trillion as […]
Inflation surges to 12.34 per cent – NBS
The National Bureau of Statistics (NBS) yesterday said that in April 2020, inflation increased by 12.34 per cent. According to the bureau’s report on its […]