The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria’s Consumer Price Index (CPI), which measures inflation rate, dipped to 11.25 per cent (year-on-year) in March, representing 0.06 per cent points lower than the rate recorded in February. The Bureau in its “CPI and Inflation Report’’ stated that increases were recorded in all Classification […]
FSDH Merchant Bank has projected inflation rate of 13 percent for 2019 fiscal year citing implementation of the new minimum wage, upward review of electricity tariff and likely removal of fuel subsidy as factors that will drive up prices next year. The Head of Research, FSDH Merchant Bank, Ayo Akinwunmi, had during the media briefing […]
Nigeria’s Consumer Price Index (CPI) decreased by 11.26 percent year-on-year in October 2018, representing 0.02 percent points lower than the 11.28 percent rate recorded in the preceding month. The CPI measures the average change over time in prices of goods and services consumed by people for day-to-day living, that is, it measures the inflation rate […]
The Statistician-General of the Federation, Dr. Yemi Kale, has attributed the delay in the publication of Nigeria’s unemployment figures on timely basis to paucity of funds. Kale said that official statistics producing and reporting agency, the National Bureau of Statistics (NBS), could not complete the unemployment reports for some quarters now due to budgetary constraints, […]
The National Bureau of Statistics (NBS) on Thursday reported that Nigeria’s life expectancy was 48.97 as at year 2016, rising marginally from the value of 48.44 recorded in 2013. The Bureau noted, however, despite the marginal increase in the nation’s life expectancy, male life expectancy at birth dropped slightly from 47.07 in 2013 to 46.69 […]
Nigeria’s Consumer Price Index (CPI) also known as inflation rate, decelerated to 11.14 percent year-on-year in July, representing the 18th consecutive month of the declining trend and the lowest rate in over two years. The National Bureau of Statistics (NBS) disclosed this in its latest Consumer Price Index (CPI) report titled ‘CPI and Inflation Report […]
Nigeria’s Consumer Price Index (CPI), which measures inflation, increased by 11.23 percent year-on-year in June this year, indicating a 0.37 percent points less than the 11.61 percent rate recorded in the preceding month. The rate represented the 17th consecutive disinflation since January 2017. The CPI report published today by the National Bureau of Statistics (NBS) […]
Nigeria’s Consumer Price Index (CPI), which measures inflation, increased by 12.48 percent year-on-year in April this year, representing.86 percent points less than the 13.34 percent rate recorded the preceding month. The National Bureau of Statistics (NBS) reported today that the April’s rate represented the 15th consecutive disinflation since January 2017, noting, however, that increases are […]