The National Bureau of Statistics (NBS) reported on Monday that the price of Premium Motor Spirit (PMS) also known as petrol surged by 215.95% between July 2022 and July this year. The statistics agency, in its latest ‘Premium Motor Spirit Price Watch’ report for July this year indicated that while Nigerians paid N190.01 per litre […]
Nigeria’s Consumer Price Index (CPI), which is used to measure the level of inflation in rhe nation’s economy, surged to 24.08% in the month of July this year, representing a 129 basis-point increase compared to 22.79% recorded in the previous month. According to the latest in the Consumer Price Index (CPI) report published on Tuesday […]
…..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 […]
……as 255,726 Nigerians in Diaspora get NIN The National Bureau of Statistics (NBS) has reported that the registrations and NIN issued by the National Identity Management Commission (NIMC) in 2022 totalled 22,492,748 in 2022, comprising 12,643,563 males and 9,849,185 females. The statistics agency gave these figures in its ‘National Identity Registration Statistics 2022’ published on […]
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 diesel price rises by 11.18% The Premium Motor Spirit (Petrol) Price Watch (June 2023) published by the National Bureau of Statistics NBS) on Wednesday, July 26, showed that the average retail price paid by consumers for Premium Motor Spirit (Petrol) in June 2023 was N545.83, indicating an increase of 210.31% relative to the N175.89 […]
…..As Household Kerosene price rises by 2.49% The National Bureau of Statistics (NBS) on Wednesday reported that consumers paid less for Liquefied Petroleum Gas (Cooking Gas) in the month of June, despite the surging inflation rate recorded in the month. The Bureau, in its ‘Liquefied Petroleum Gas (Cooking Gas) Price Watch (June 2023)’ reported that […]
Nigeria’s inflation rate rose to 22.79% in June 2023, representing 0.38% points increase from the 22.41% recorded in the general price level of the economy in the preceding month. The National Bureau of Statistics (NBS) in its ‘Consumer Price Index June 2023’ report posted on its website on Monday, indicated that on a year-on-year basis, […]
CAPE Economic and Consulting, one of the leading economic research and consulting/advisory services providers, has projected that despite the slight decline in Nigeria’s real Gross Domestic Product (GDP) in the first quarter (Q1) this year, the outlook for improved performance of the economy in the second quarter (Q2) remains bright. Making the forecast in its […]
….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’ […]