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 […]

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 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

Nigeria’s Debt Stock Rises To N32.22Trn In Q3, 2020

The National Bureau of Statistics (NBS’) latest report Nigeria’s domestic and foreign debt stock rose to N32.22 trillion ($84.57 billion) as at September 30, 2020. In the report titled ‘Nigeria’s Domestic and Foreign Debt Q3 2020’, the agency disclosed that that the debt stock represented an increase of 22.93 percent as against N26.21 trillion recorded […]

Economy News Extra Latest News Planning & Economic Development Political Economy

NBS Reports 1.89% Rise In Commodity Group Index in Q3, 2020

The National Bureau of Statistics (NBS) has reported 1.89 percent upward swing in all commodity group import index in the third quarter of year 2020. The Bureau, which disclosed this in its ‘Commodity price index July to September, 2020’ report, attributed the rise mainly to increase in the prices of products of the chemical and […]

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 […]

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

Nigeria’s Inflation Hits 14.89%, Highest In 34 Months

Nigeria’s Consumer Price Index (CPI), which measures inflation rate, rose by 14.89% (year-on-year) in November 2020, representing 0.66% points higher than the 14.23% rate recorded in the previous month. The latest rate represents the highest inflation rate recorded in 34 months since January 2018, when the rate stood at 15.13%. The National Bureau of Statistics […]

Budgets Economy News Extra Latest News Political Economy

Accurate, Timely Data Key To Nigeria’s Economic Growth – Statistician General

Nigeria’s efforts towards achieving broad-based and cross-sectoral development on sustainable basis will not translate to remarkable success unless adequate commitment is given to accurate and timely statistical data production covering all facets of national development, the Statistician General of the Federation, Dr. Yemi Kale, has stressed. Dr Kale, who made this remark at the opening […]