30 results
- 26 Mar 2025
World Bank Expresses Concern over Nigeria’s Poor Data, Statistics Quality
The World Bank has expressed concern over Nigeria’s poor statistical performance, noting that the country lags behind its aspirational peers such as Mexico, Colombia, South Africa and Brazil. Mrs.…
- 29 Nov 2019
Ecobank, Standard Chartered Lead in Capital Importation to Nigeria
National Bureau of Statistics (NBS) says Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to become foreign investors’ favourites for investment deals.…
- 2 Jun 2019
E-payments Transactions Value Hit N34.02trn in Q1, 2019 — NBS
A total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said.…
- 15 Aug 2024
Nigeria’s Inflation Drops First Time in 19 Months
National Bureau of Statistics (NBS) says Nigeria’s inflation rate declined to 33.4 percent in July, below the 34.2 percent reported in June. This is the first decline in 19 months, since December…
- 6 Dec 2024
Nigeria Records ₦5.81 Trillion Trade Surplus in Q3 2024
National Bureau of Statistics (NBS) reports that Nigeria recorded a trade surplus of ₦5.81 trillion in the third quarter (Q3) of 2024. A trade surplus occurs when a nation's exports exceed its…
- 25 May 2024
Nigeria’s GDP Growth Declined By 2.98 Percent In Q1 2024 - NBS
National Bureau of Statistics (NBS) on Friday said Nigeria’s Gross Domestic Product (GDP) declined by 2.98 per cent in the first quarter (Q1) of 2024. In its latest report, the bureau put the…
- 25 Jan 2017
FXTM: Why Education is Essential in Nigerian Fx Space
Nigeria has entered its worst recession in over 29 years. According to the Nigeria’s National Bureau of Statistics’ (NBS) GDP report, the economy contracted by 2.06 percent in the 2nd quarter of…
- 28 Dec 2023
NBS says Nigeria’s Public Debt Stock Hits N87.91trn in Q3
National Bureau of Statistics (NBS) has announced that Nigeria’s public debt stock (which includes external and domestic debts) rose to N87.91 trillion (US$114.35 billion) in Q3 2023 from N87.38…
- 12 Mar 2019
NBS Says Nigeria’s Active Mobile Subscribers Drops to 162m in Q4 2018
The National Bureau of Statistics (NBS) said Nigeria’s active mobile subscribers dropped to 162,032,481 million in the fourth quarter of 2018 from 172,824,239 million and 162,522,772 million recorded…
- 18 Dec 2024
NBS Says 25m Phones Stolen in Nigeria in 12 Months
National Bureau of Statistics (NBS) has reported that over 25 million phone thefts between March 2023 and April 2024, according to its Crime Experience and Security Perception Survey 2024. The Crime…
- 15 Apr 2014
Food Prices Push Inflation to 7.8% Year/Year-NBS
Nigeria Bureau Statistics (NBS) latest report on Nigerian annual consumer price inflation showed it edged up in March to 7.8 percent from 7.7 percent in February. The report showed that food…
- 22 Feb 2019
FG Generates N298bn from VAT in Q4, 2018
The National Bureau of Statistics (NBS), said Nigeria generated N298.01 billion from Value Added Tax (VAT) in fourth quarter, 2018. NBS said this in a Sectoral Distribution of VAT report for the…
- 10 Dec 2024
Nigeria's VAT Revenue Hits N1.78 Trillion in Q3 2024, NBS Reports
National Bureau of Statistics (NBS) has announced that Nigeria generated N1.78 trillion in value-added tax (VAT) revenue during the third quarter (Q3) of 2024, representing a 14.16 percent increase…
- 17 May 2026
Nigeria’s Economy May Not Survive on Statistical Manipulation
By Blaise Udunze Nigerians should gear up to start seeking accountability from those in power because the country is gradually entering one of the most dangerous phases in its economic history, not…
- 29 Nov 2020
FG Rakes in ₦416.01Bn from CIT in Q3 of 2020
National Bureau of Statistics (NBS) revealed that Nigeria in the third quarter of 2020 (Q3 2020) generated ₦416.01 billion from Company Income Tax (CIT). CIT is a tax on the profits of incorporated…
- 17 Oct 2025
Nigeria’s Inflation Drop: Has Life Become Any Easier?
By Blaise Udunze When the National Bureau of Statistics (NBS) yesterday announced that Nigeria’s inflation rate had dropped to 18.02 percent in September 2025, the news was met with official…
- 11 Mar 2026
Nigeria’s Non-Oil Exports Hit N12.36trn in 2025 – NBS
Nigeria’s non-oil exports rose sharply to N12.36 trillion in 2025, up from N9.09 trillion in 2024, according to the National Bureau of Statistics’ Foreign Trade in Goods Statistics report. The…
- 25 Aug 2008
Inflation Rate Hits 14 per cent
The National Bureau of Statistics (NBS) has said that Nigeria's annual inflation rate rose to 14 per cent in July from 12 per cent the previous month, driven by price hikes for food and essential…
- 17 Jul 2023
Nigeria’s inflation hits 22.79%
Data released by the National Bureau of Statistics NBS, on Monday, July 17, showed that Nigeria's headline inflation rate accelerated for the sixth consecutive time to 22.79 per cent in June 2023.…
- 21 Jan 2018
Unemployment: 7.5m Nigerians are Doing Nothing– NBS
National Bureau of Statistics (NBS) has said 7.5million Nigerians were left doing nothing between January 2016 and December 30, 2017. The bureau stated this in “Labour Force Statistics Vol. 2:…
- 22 Feb 2024
Nigeria’s GDP Grew by 3.46% in Q4 2023
National Bureau of Statistics (NBS) has revealed in a new report that Nigeria’s gross domestic product (GDP) grew by 3.46 percent in the fourth quarter (Q4) of 2023. In its GDP report for Q4 released…
- 3 Dec 2020
Telcos Pay N148Bn in Taxes in 9 Months
The Company Income Tax (CIT) report by the National Bureau of Statistics (NBS) has revealed that telecommunications in Nigeria paid a total of N148 billion as income tax in the first three quarters…
- 10 May 2020
NBS Says Nigerians Spent over ₦22 Trillion on Food in 2019
Nigerians spent about ₦22.8 trillion on food in 2019, according to a survey conducted by the National Bureau of Statistics (NBS). This is about 57 per cent of the total spending (N40.2 trillion) by…
- 11 Jul 2022
Nigeria Loses $6.91Bn as FDI Plunges by 81.46 Per Cent– NBS
National Bureau of Statistics (NBS) has said that foreign investments into Nigeria declined by 81.46 per cent ($6.91bn) from $8.49bn in the first quarter of 2019 to $1.57bn in the corresponding…
- 30 Jan 2018
Ondo Tasks MDAs on Collaboration in Data Management
Mr Emmanuel Igbasan, Ondo State Commissioner for Economic Planning and Budget, has urged Ministries, Departments and Agencies (MDAs) to collaborate with the Bureau of Statistics on effective…
- 18 May 2017
NBS Inflation Report: Analyst Says 2017 Is Nigeria First Major Test
Report by the National Bureau of Statistics (NBS) shows Consumer Price Index (CPI) which measure inflation declined by 0.02 per cent in April. According to the NBS in its new report, the inflation…
- 6 May 2013
World Bank Unveils Strategy in New Nigerian Portfolio
The World Bank’s new Country Partnership Strategy would focus on three pillars - sustainability and inclusive growth, human development and governance, to achieve results. Marie-Francoise…
- 29 Jun 2015
Carmudi.com Global Gas Prices Analyses Closes-Up on Average Nigerian
Global consumer demand for petrol has steadily grown thanks to low oil prices combined with economic growth, according to the International Energy Agency. In 2014, global oil demand was 92.6 million…
- 5 May 2016
Nigerian Capital Imports Plunge 74% in First Quarter - NBS
The total value of capital imported into Nigeria in the first quarter plunged to $710.97 million, a 73.79 percent decline from the same quarter a year ago, the National Bureau of Statistics…
- 4 Jan 2019
NBS Says Nigeria Obtains N808Bn from VAT In 9 Months
The National Bureau of Statistics (NBS), has in its latest data on Value added tax in Nigeria revealed the revenue generated from it in first to third quarters of 2018 was N808 billion. The VAT is a…