Nigeria’s total capital importation in the second quarter of this year dropped 12.53 percent from what was recorded in the first quarter of the year. The Bureau of Statistics (NBS), which provided this data in its 2018 Second Quarter Report on Nigeria Capital Importation, reported that total value of capital importation into Nigeria stood at […]
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 annual Gross Domestic Product (GDP) by expenditure grew in real terms by 0.82 percent year-on-year in 2017, representing a significant improvement compared to a decline of -1.58 percent decline recorded in real GDP growth rate in the preceding year. The expenditure approach measures the final uses of the produced output as the sum of Final consumption, Gross […]
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) […]
Despite the decelerating trend of the nation’s Composite Price Index (CPI), which measures inflation, over the months, consumers paid more for food items in May this year when compared with the prices of such items in April. The National Bureau of Statistics (NBS) in its latest ‘Selected Food Price Watch’ data for May published on […]
The National Bureau of Statistics (NBS), the nation’s official statistics producer and custodian, reported today that the Consumer Price Index (CPI), which measures inflation, increased by 11.61 percent year-on-year in May 2018. The latest inflation rate represented 0.87 percent points less than the 13.34 percent rate recorded in the preceding month and the 16th consecutive […]
Consumers of Liquified Petroleum Gas (LPG), also called cooking gas, paid more for the product in May when compared with the selling prices in the preceding month. Specifically, the average price for the refilling of a 5kg cylinder of cooking gas increased by +0.68 percent month-on-month and decreased by -15.30 percent year-on-year to N2,072.24 in […]
The National Bureau of Statistics (NBS) reported today the total value of Nigeria’s merchandise trade in the first quarter of this year rose to N7,211.61 billion, representing 35.07 percent growth from the N5,339.24 billion value recorded in the first quarter of last year. The agency also indicated that the value recorded in the quarter represented […]
The National Bureau of Statistics (NBS) has reported that Nigeria’s economic growth rate decelerated marginally in the first quarter of this year, expanding by just 1.95 percent. The Bureau, in its latest report on the nation’s GDP published on Monday showed that the figure was higher when compared with the -0.91 per cent recorded in […]
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 […]