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Insecurity: Reps Urge FG To Suspend 2021 Population, Housing Census

The House of Representatives on Wednesday urged the Federal Government to immediately suspend the proposed 2021 population and housing census planned to be conducted by the National Population Commission (NPC), due to rising insecurity challenge in the country. The lawmakers’ advice was sequel to the adoption of a motion of urgent public importance on the […]

Economy News Extra Latest News Maritime Planning & Economic Development Statistics

NBS Seals MoU With NPA On Data Analytics, Capacity Building

The National Bureau of Statistics (NBS) on Tuesday signed Memorandum of Understanding (MoU) with the Nigerian Ports Authority (NPA) as part of its collaborative initiatives with stakeholders in the nation’s political economy to enhance the nation’s statistical system. In his remarks during the pact with the NPA, the Statistician General of the Federation, Dr. Yemi […]

Economy News Extra Latest News Planning & Economic Development Revenue Statistics

States’ IGR Dips To N1.31Trn In 2020, Lagos Accounts For 32.1%

The National Bureau of Statistics (NBS) has reported that the 36 states collected a total of N1.31 trillion as Internally Generated Revenue (IGR) in fiscal year 2020, representing about N200 billion drop from the N1.33 trillion revenue they collected in the preceding year. The Bureau in its just published report on internally generated revenue (IGR) […]

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 […]

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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, […]