Agriculture & Agribusiness Economy News Extra Latest News Manufacturing Planning & Economic Development Statistics

‘Rising Inflation Threatening Real Sector’s Growth’ – MAN DG

The Manufacturers Association of Nigeria (MAN) has described the rising general price level in the economy with the January 2021 inflation rate peaking at 16.47 percent as a threat to current efforts to revitalize the nation’s manufacturing and industrial sector and position it on the path of sustainable growth. The Director General of the association, […]

Economy News Extra Latest News Planning & Economic Development Statistics

Nigeria’s Inflation Rate Hits 16.47% In January, Highest In 33 Months

The National Bureau of Statistics (NBS) reported on Tuesday that Nigeria’s inflation rate rose to 16.47% in January this year from 15.75% in December 2020, representing the highest rate in the past 33 months. The report published by the Bureau on its website indicated that food inflation rose to 20.57% in the month under review, […]

Budgeting Economy News Extra Latest News Manufacturing Planning & Economic Development Statistics

1.4Mn Establishments Captured In Business Sample Survey So Far – Dr Kale

The Statistician General of the Federation/Chief Executive Officer of the National Bureau of Statistics (NBS), Dr. Yemi Kale, on Thursday disclosed that 1.4 million establishments had been captured in the first phase of the ongoing National Survey of Establishment (NSE) being conducted by the agency nationwide. Dr. Kale, who gave the hint during a media […]

Banking Economy News Extra Latest News Planning & Economic Development Political Economy Revenue Statistics

IMF Executive Board Concludes 2020 Article IV Consultation With Nigeria

The Executive Board of the International Monetary Fund (IMF) on January 27, 2021, concluded the Article IV consultation [1] with Nigeria, with sundry monetary and fiscal policies recommended for implementation in order to sustainably grow the nation’s economy. In recent times, the IMF Directors observed that Nigeria’s economy had been hit hard by the COVID-19 […]

Economy News Extra Investments/Capital Market Latest News Planning & Economic Development Political Economy Statistics

Nigeria Reports N14.31Bn Drop In Capital Importation In 2020

The total value of capital importation into Nigeria in 2020 significantly dropped to $9.68 billion compared to $23.99 billion imported in the preceding year, representing $14.31 billion or -59.65 percent decline year-on-year. The National Bureau of Statistics (NBS) reported these figures in its “Nigerian Capital Importation, Quarter Four (Q4), 2020” published on its website at […]

Economy News Extra Latest News Manufacturing Planning & Economic Development Statistics

NBS Commences National Business Sample Survey

The National Bureau of Statistics (NBS) on Wednesday announced that it had commenced National Business Sample Survey (NBSS), otherwise known as the survey of establishments, nationwide. The kick off the exercise was sequel to the successful completion of listing of Establishments, a component of National Business Sample Census (NBSC). A statement released by the agency’s […]

Economy News Extra Latest News Planning & Economic Development Statistics

Nigeria’s Inflation Hits 15.75%, Highest Rate In 35 Months

The National Bureau of Statistics (NBS) on Friday reported that Nigeria’s consumer price index, (CPI) which measures inflation, increased by 15.75 percent (year-on-year) in December 2020, representing 0.86 percent points higher than the (14.89) percent rate recorded in the preceding month. The rate, which is the highest to be recorded in the past 35 months, […]

Budgeting Economy News Extra Latest News Planning & Economic Development Political Economy Statistics

NCCS Sets 10-Point Agenda To Enhance Nigeria’s Statistical System

The National Consultative Committee on Statistics (NCCS) has set a 10-point agenda for implementation by federal, states and local government authorities in order to improve data collection and utilization for development in the country. The committee, which is the umbrella body for all agencies/stakeholders involved in Nigeria’s statistical system development, canvassed the key agenda, particularly […]