NBS

IMF faults Nigeria’s inflation, says NBS using outdated surveys

The inflation figures for Nigeria released over the years by the National Bureau of Statistics were based on severe outdated…

3 years ago

Nigeria’s inflation rises to 21.82% on naira, fuel scarcity

Nigeria recorded an increase in inflation rate in January, hitting 21.82 per cent, after experiencing a fall in the previous…

4 years ago

Prices of rice, beans, others rise, says NBS report

Prices of food items in Nigeria including rice, beans and beef have continued to rice as shown in a new…

4 years ago

Nigeria generated N625.39bn from VAT in Q3 – NBS

Nigeria earned N625.39 billion from value-added tax (VAT) in the third quarter of 2022, the National Bureau of Statistics has…

4 years ago

Rising food prices push November inflation rate to 21.47%

The Nigerian inflation rate rose again, hitting 21.47 per cent in November 2022, up from 21.09 per cent in the…

4 years ago

Used car market booms as Nigeria’s imports rise by 100%

As automakers and dealers of new vehicles in Nigeria are lamenting poor sales, used car market is experiencing a boom…

4 years ago

63% of Nigerians are poor, says NBS report

A new report by the National Bureau of Statistics has shown that 63 per cent of Nigerians are poor. The…

4 years ago

Nigeria’s inflation jumps to 21.09% on food price hike

Nigeria’s inflation rate again surged to a new rate of 21.09 per cent in October 2022, representing a 0.32 per…

4 years ago

Nigerian railway loses N1.45bn in three months from passenger traffic

Passenger revenue from the Nigerian Railway Corporation dropped by N1.48bn in the second quarter (Q2) of 2022. The amount representing…

4 years ago

Nigeria’s inflation hits 20.25%, highest in 17 years

Nigeria’s inflation rate rose to 20.52% in August, the highest since September 2005, the latest report has revealed. The inflation…

4 years ago