After two consecutive sluggish performances which plunged the economy into recession, Nigeria’s economy rebounded in the last quarter of 2020 with the Gross Domestic Product (GDP) growing by 0.11 percent year-on-year. The National Bureau of Statistics (NBS) reported the positive trend in its published on Thursday. The report stated: “Nigeria’s gross domestic product (GDP) grew […]
The National Bureau of Statistics (NBS), has reported credit to the private sector by banks in the first quarter of this year, totaled N15.60 trillion. The Bureau gave this hint in its Selected Banking Sector Data for First quarter, 2018, posted on its website last weekend. According to the official statistics producing agency, of the […]
The National Bureau of Statistics (NBS) today revised upwards the 2017 Internally Generated Revenue (IGR) by the 36 states of the Federation by about N5.2 billion following the receipt of Osun State’s Q4 2017 IGR figures. With the computation of the state’s last quarter IGR accruals, the total IGR generated by the 36 states for […]
The National Bureau of Statistics (NBS) today published the Internally Generated Revenue (IGR) by the 36 states for the fiscal year 2017 totalling N931.23 billion. When compared to N831.19bn recorded in year 2016, the latest IGR figures indicate a growth of 12.03% year on year. According to the Bureau, at the end of second half […]
The Consumer Price Index (CPI) which measures inflation increased by 14.33 percent (year-on-year) in February 2018, representing the 0.8 percent points less than the rate recorded in January and 13th consecutive month of slower pace in its rising trend. The Consumer Price Index (CPI), which measures the pricing trend in an economy published by the […]
The National Bureau of Statistics (NBS) has put Nigeria’s total foreign trade value for last year at N23,160.9 billion, representing an increase of 33.5% when compared to the N17,344.9 billion value of trade recorded in 2016. The Bureau, in its just published ‘Foreign Trade Statistics Report – Q4 2017’, disclosed that the trade value comprised […]
The National Bureau of Statistics (NBS) has reported that Nigeria’s total capital importation last year stood at $12.228 billion, representing an increase of $7.104 billion or 138.7 per cent over the value of capital imported in the preceding year. In the last quarter of 2017 capital importation stood at $5.382 billion, indicating an annual growth […]
The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew in Q4 2017 by 1.92 percent (year-on-year) in real terms, maintaining its positive growth since the emergence of the economy from recession in the second quarter of the year. The Bureau noted that growth in the quarter under review, when […]
The National Bureau of Statistics (NBS) has reported that the sum of N254.10 billion was collected from various productive sectors of the economy as Value Added Tax (VAT) in the last quarter of 2017.
Nigeria’s Consumer Price Index, CPI, dropped 15.13 per cent in January 2018, representing the 13th consecutive month the growth rate has maintained its decelerating trend