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Nigeria’s Inflation Rate Decelerates To 14.33% In February

The Consumer Price Index (CPI) which measures inflation increased by 14.33 percent (year-on-year) in February 2018, representing the 0.8 percent points less than the rate recorded in January and 13th  consecutive month of slower pace in its rising trend. The Consumer Price Index (CPI), which measures the pricing trend in an economy published by the […]

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Nigeria’s Foreign Trade Value Rises By 33.5% In 2017

The National Bureau of Statistics (NBS) has put Nigeria’s total foreign trade value for last year at N23,160.9 billion, representing an increase of 33.5% when compared to the N17,344.9 billion value of  trade recorded in 2016. The Bureau, in its just published ‘Foreign Trade Statistics Report – Q4 2017’, disclosed that the trade value comprised […]

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Nigeria Records $12.228bn Capital Importation In 2017

The National Bureau of Statistics (NBS) has reported that Nigeria’s total capital importation last year stood at $12.228 billion, representing an increase of $7.104 billion or 138.7 per cent over the value of capital imported in the preceding year. In the last quarter of 2017 capital importation stood at $5.382 billion, indicating an annual growth […]

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Nigeria Records 1.92% GDP Growth In Q4 2017

The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew in Q4 2017 by 1.92 percent (year-on-year) in real terms, maintaining its positive growth since the emergence of the economy from recession in the second quarter of the year. The Bureau noted that growth in the quarter under review, when […]