Tag: National Bureau Of Statistics

Cheta Nwanze: Nigeria’s time bomb

Nigeria has one of the youngest populations in the world with a median age of 18 years 7 months, which means that we are the 20th youngest out of 230 countries in the latest rankings. Yesterday’s unemployment numbers published by the National Bureau of Statistics placed the unemployment rate among[Read More…]

Capital importation into Nigeria records sinks to lowest in four years

The total value of capital importation into Nigeria has recorded a huge decline from $23.9 billion recorded in 2019 to $9.68 billion in 2020, the lowest in three years. According to the data released by the National Bureau of Statistics (NBS) on Friday, this is a decline of 59.65 per[Read More…]

Inflation rate hits 15.75% in December– highest in 39 months

Nigeria’s headline inflation increased for the 16th consecutive month, according to the latest inflation statistics by the National Bureau of Statistics (NBS) on Friday. This is the highest in 35 months. The inflation rate stood at 15.75% in December 2020, a 0.86% higher than 14.89% in November. Inflation measures the[Read More…]

Nigeria’s Inflation rate hits 13.22%

The consumer price index which measures inflation rose by 0.40 percentage points between July and August 2020 on a year-on-year basis, the highest increase recorded since October 2016. According to the August CPI/Inflation report released by the National Bureau of Statistics (NBS), the rate of inflation stood at 13.22 percent[Read More…]

Nigerian Govt say more than 82.9 million citizens are poor in a latest Poverty and Inequality report

The National Bureau of Statistics, NBS, says more than 82.9 million Nigerians are poor by national standards. The NBS made this known in its report on Poverty and Inequality in Nigeria 2019, released on Monday. It explained that the figure showed that 40.1 per cent of total population were classified[Read More…]

Breaking: Nigeria’s Inflation rate hits 12.2% as food index rises

The consumer price index, which measures inflation, hit a 21-month high according to the CPI/Inflation report released by the National Bureau of Statistics on Tuesday. Inflation increased to 12.20% in February, an increase of 0.07 percentage points from the 12.13% recorded in January. “On a month-on-month basis, the headline index[Read More…]

For 8billion Naira, Fmr. Governor Yari purchased exotic cars for his wives, friends, and appointees – Zamfara is the poorest state in Nigeria

Former Zamfara State Governor Abdulaziz Yari Abubakar purchased 110 exotic cars for his wives, friends, and appointees, the committee set up by Governor Bello Muhammad Matawalle to verify contracts awarded by the preceding administration has uncovered. With 70.8 percent poverty rate, Zamfara is ranked by the National Bureau of Statistics among the poorest states in Nigeria[Read More…]

We Don’t Have The Data To Back Audu Ogbeh, Ngige’s Claims On Job Creation – Yemi Kale

Statistician General of the Federation and CEO of the National Bureau of Statistics Mr. Yemi Kale has dismissed the job creation numbers being touted by the President Muhammadu Buhari administration.  According to Kale, the NBS which is the agency with the legal mandate to generate national data has no data[Read More…]

Inflation Rate Drops To 15.37% in December – National Bureau of Statistics Say

The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation with the rate dropping from 15.9 per cent in November to 15.37 per cent in December. The drop of 0.53 percent points recorded in December makes it the eleventh consecutive slowdown in the inflation rate.[Read More…]

Fuel Queues In Abuja Despite NNPC’s Denial Of Fuel Price Increase

Long queues of vehicle have resurfaced at filling stations in Abuja following a widespread rumor of an impending increase in the pump price of fuel. At the Total filling station in the Central Business District of the Federal Capital Territory Abuja, the queue extended towards the National Bureau of Statistics[Read More…]