AGS NEWS – The National Bureau of Statistics (NBS) has reported a significant rise in the cost of maintaining a healthy diet in Nigeria, with the average daily expense per adult reaching N1,255 in August 2024. This represents a 28% … Continue reading Cost of healthy diet rises by 28% – NBS
AGS NEWS – The National Bureau of Statistics (NBS) has revealed that the Nigerian Railway Corporation (NRC) amassed N1.07 billion in passenger revenue during the fourth quarter of 2023. The NBS Rail Transportation Data for Q4 2023, released in Abuja … Continue reading NRC’s fourth quarter 2023 revenue hits N1.07bn – NBS report
AGS NEWS – According to the latest Petrol Price Watch report released by the National Bureau of Statistics (NBS) in Abuja on Thursday, the average retail price of kerosene per litre increased slightly from N1,329 in January 2024 to N1,340 … Continue reading NBS reports kerosene price surged to N1,340 per litre in February
Investigation has revealed that the price of locally produced rice has surged by 73.2 percent in a year due to rising production costs, transportation expenses, and other factors. Despite the Central Bank of Nigeria’s multi-billion naira funding support for the … Continue reading NBS reports 73% surge in local rice prices over 12 month period
In the third quarter of 2023, Nigeria experienced a remarkable 53.16% year-on-year increase in foreign trade, reaching a total of N18.80 trillion, according to the National Bureau of Statistics’ ‘Foreign Trade in Goods Statistics (Q3 2023)’ report released on Monday. … Continue reading Nigeria’s oil revenue surges by 83%, Reaches N8.5tn in Q3 – NBS
In the second quarter of 2023, Nigeria experienced a substantial decline in portfolio investment, with figures dropping by a staggering 83.54% compared to the previous quarter, according to the latest report from the National Bureau of Statistics (NBS), titled ‘Nigeria … Continue reading Q2 sees 83.54% drop in portfolio investment – NBS
The National Bureau of Statistics (NBS) reported a significant surge in household kerosene (HHK) prices, reaching a staggering N1,272.40 per litre in August. This marks a sharp increase of 57.18% compared to August 2022 when it was priced at N809.52 … Continue reading 57.18% surge in kerosene prices recorded in August – NBS
A recent study conducted by the National Bureau of Statistics and the Financial Access Initiative research center of New York University has unveiled that many small businesses in Nigeria generate an average monthly revenue of N223,250. The study compared Nigerian … Continue reading Study reveals many small businesses earn less than N223,250 monthly, according to NBS
According to the latest Electricity Report for the first quarter of 2023 released by the National Bureau of Statistics (NBS), electricity distribution companies (Discos) in Nigeria experienced a significant increase in revenue, even though there was a decline in supply. … Continue reading Electricity distribution companies generate N480 billion in six months – NBS
The National Bureau of Statistics (NBS) has announced that inflation reached a new record high of 22.41% in May due to the soaring costs of food and non-alcoholic beverages. This figure represents a 0.19% increase from April, when inflation had … Continue reading Soaring food and beverage prices drive May inflation to 22.41% – NBS
According to recent findings, the 10 poorest states in Nigeria are burdened with a debt totaling approximately N1.18tn. The National Bureau of Statistics (NBS) provided data on the poverty rates, while the Debt Management Office supplied the debt figures. The … Continue reading 10 poorest Nigerian states owe N1tn while granting governors lavish packages
The latest report from the National Bureau of Statistics (NBS) reveals that Nigeria’s consumer price index (CPI) rose to 22.22% in April 2023, marking the fourth consecutive increase in the country’s inflation rate this year. Compared to the previous month, … Continue reading Nigeria’s inflation rate climbs to 22.22% in April 2023, marking fourth consecutive increase
National Bureau of Statistics (NBS) has released its Petrol Price Watch report for March 2023, indicating that the average retail price of petrol per litre has risen to N264.29 from N185.30 in March 2022. This represents a 42.63% increase in … Continue reading NBS: Petrol price up by 42.63% per litre in one year
The National Bureau of Statistics (NBS) has released its Consumer Price Index and Inflation Report for March 2023, revealing that Nigeria’s headline inflation rate increased to 22.04% on a year-on-year basis. This represents a 0.13% point rise compared to the … Continue reading Nigeria’s inflation rate in March soar to 22.04% according to NBS data
The National Bureau of Statistics has reported that Nigeria’s inflation rate surged to 22.04% in March, continuing a three-month trend of increase following a brief decline in December 2022. The leading contributor to this rise was food and non-alcoholic beverages, … Continue reading Food costs in Nigeria drive inflation up to 22.04% – NBS
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