Nigeria’s headline inflation rate increased to 25.80% in August relative to the 24.08% recorded in the preceding month, the National Bureau of Statistics (NBS) has reported. The statistics agency, in its ‘Consumer Price Index August 2023’ report published on Friday, indicated that that the August 2023 headline inflation rate showed an increase of 1.72% points […]
Nigeria’s merchandize trade value in the second quarter of this year totalled N12,741.96 billion, with exports accounting for N7,015.71 billion while imports accounted for the N5,726.25 billion balance. The National Bureau of Statistics (NBS) in its ‘Foreign Trade in Goods Statistics (Q2 2023)’ report posted on its website on Friday indicated that the nation’s total […]
The Centre for the Promotion of Private Enterprise (CPPE), a private sector advocacy group in Nigeria, has charged the Federal Government on the need for strategic and sequencing approach in the implementation of the current reforms targeted at correcting the abuses in the nation’s fiscal and monetary policies to improve the performance of the economy. […]
The National Bureau of Statistics (NBS) on Friday disclosed that Nigeria’s Gross Domestic Product (GDP) grew by 2.51% year-on-year in real terms in the second quarter of 2023, representing 0.2% points higher than 2.31% recorded in Q1 2023 but 1.03% lower compared to 3.54% recorded in the corresponding period of 2022. The statistics agency’s ‘Gross […]
….Facilitates $1Bn Third-Party Investments The Nigeria Sovereign Investment Authority (NSIA) has disclosed that it committed $500 million to domestic infrastructure and enabled over $1 billion third-party investments in the country so far. The Managing Director/Chief Executive Officer of the Authority, Mr Aminu Umar-Sadiq, made this disclosure on Tuesday during an investigative hearing of the Ad-hoc […]
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called on the management and staff of the Ministry of Finance and Nigerians to support the ongoing efforts of President Bola Tinubu aimed at growing the economy and positioning Nigeria on the path of sustainable growth. The Minister, who gave this […]
…..as intercity transport fares surge by 55.25% Food consumers in Nigeria paid an average of 30% increase for food items in June this year when compared to what they paid for the commodities in the corresponding period of last year, the National Bureau of Statistics (NBS) has reported. The statistics agency, which gave this […]
The National Bureau of Statistics (NBS), in its latest study on structure and ownership of select businesses in Nigeria, reported that 40% of such enterprises were owned by women while 12% were co-owned by a man and a woman, leaving a balance of 48% as men-owned enterprises. The Bureau gave these figures in its just […]
….As Lagos State attracts 62.23% of investment The total value of imported capital into Nigeria in the first quarter of this year (Q1 2023) increased to $1.13 billion from $1.06 billion recorded in the last quarter of 2022 according to the National Bureau of Statistics (NBS). The statistics agency, in its ‘Nigeria Capital Importation Q1 2023’ […]
The National Emergency Management Agency (NEMA), Nigeria’s emergency management agency, has alerted the public that 31 communities in 14 states may witness heavy rainfall that could lead to flooding this week. The agency, in a statement signed by its Territorial Coordinator, Lagos Territorial Office, Mr Ibrahim Farinloye, listed some of the states to be affected […]