Tag: NBS

Nigeria’s import index grows by 1.07% between April and June — NBS

The National Bureau of Statistics (NBS) says the all-commodity group import index grew marginally by 1.07 per cent between April and June. It said this on Wednesday in Abuja, in the “Commodity Price Indices and Terms of Trade for Quarter Two, 2021” published on its website. According to the report,[Read More…]

Just In: Inflation rate falls to 17.01% in August, fifth consecutive decline

Fresh figures from the National Bureau of Statistics (NBS) have revealed that the Consumer Price Index which measures inflation rate declined to 17.01 per cent in August. According to the CPI report published on Wednesday, this rate is 0.37 percent points lower than the 17.38 percent recorded in July this[Read More…]

New NBS reports shows FAAC revenue stabilizing as FG, others share N640.31Billion

The accruals to the three tiers of government from the Federation Account Allocation Committee (FAAC), stabilised to N640.31 billion in February, 2021, after a major leap was recorded in January at N619.4 billion.  The NBS disclosed this on tuesday in its FAAC February 2021 disbursement Report, saying: “The amount disbursed[Read More…]

Ngige lied: World Bank has denied faulting the employment index – NBS

The National Bureau of Statistics (NBS) has accused the Minister of Labour and Employment, Chris Ngige of falsehood after the minister claimed that the employment index statistics by the NBS was not in line with global standards. The NBS had in a report published on March 15, 2021 disclosed that[Read More…]

IGR for Nigerian states drops to a new low – NBS Report

Internally Generated Revenue (IGR) of Nigerian states in 2020 dropped to a new low according to the latest report by the Nigeria Bureau of statistics The NBS published Internally Generated Revenue (IGR) at the state level for Fourth Quarter and Full Year 2020 revealed that the 36 states and FCT[Read More…]

Nigeria’s debt profile rises to N32.92 trillion – NBS report

Nigeria’s total public debt portfolio as at December 31, 2020 stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals.It made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website on Monday in Abuja. It added that the debt profile[Read More…]

Nigeria’s inflation rises to 17.33%, highest in 45 months

The consumer price index which measures inflation increased to 17.33 per cent (year-on-year) in February 2021. This is the highest figure recorded in the country since April 2017. The National Bureau of Statistics disclosed this in its Consumer Price Inflation report for February on Tuesday. It stated that the figure[Read More…]

Nigeria records positive GDP growth of 0.11% in Q4 2020 – NBS report

Nigeria’s Gross Domestic Product (GDP) grew by 0.11 per cent (year-on-year) in real terms in the fourth quarter of 2020 (Q4 2020), representing the first positive quarterly growth in the last three quarters, according to the National Bureau of Statistics (NBS). This positive growth reflects the gradual return of economic[Read More…]

Nigeria’s inflation rises to 16.47%, highest in 44 months

The consumer price index which measures inflation increased by 16.47 per cent (year-on-year) in January 2021. This is the highest figure recorded in the country since April 2017. The National Bureau of Statistics disclosed this in its Consumer Price Inflation report for January on Tuesday. It stated that the figure[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…]