National Bureau of Statistics Archives

Cash transfer, President Buhari, non-oil Exports, oil revenue, export revenue, FG Waives import duties for medical supplies, Orders Customs to expedite clearing, Presidency faults report on Kyari as Buhari didn’t cancel memos, appointments approved by him

How Nigeria recorded its highest non-oil exports ever in 2019

Nigeria recorded a total export revenue of $10.4 billion in 2019, the highest since 2008 which is farthest we can trace Nigeria's export data.

IGR, Fiscal federalism in Nigeria, NEC Inauguration, Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, Fiscal federalism

Business News2 months ago

FAAC disburses N647.35 billion in February as allocation drops further

The Federal Account Allocation Committee (FAAC) disbursed the sum of N647.35 billion to the three tiers of government in February 2020.

CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth

Business News2 months ago

CBN’s heterodox policies buoys credit growth

Banking sector credit to the economy grew for the second consecutive quarter by 5.8% q/q in Q4 2019 to N17.2 trillion, the highest level as far...

CBN health intervention fund gets new interest rate by March 2012, Nigerian banks’ non-performing loans drop significantly by 41% in 2019, External reserves decline by over 8% in 3 months, Nigeria’s external reserves increase by $1.36 billion in 13 days

Business News2 months ago

Nigerian banks’ non-performing loans drop significantly by 41% in 2019

The Nigerian banking industry witnessed a significant 41% decline in non-performing loans (NPLs) last year, the NBS has disclosed.

Internet World Stats, Nigerian Communications Commission remittance, Network operators in Nigeria, Telecoms companies in Nigeria, MTN Nigeria, Airtel Africa, Globacom data, 9mobile court case, Top 10 states in Nigeria with the highest Internet subscribers , Telecommunications: The bright spot in a fragile economy, Telcos add 5.64 million voice and data subscribers in Q3 2019 - NBS , Alleged N200bn Debt: EFCC, DSS to probe telcos, Network glitch, as poor internet speed continues to impede banking services, Telecoms record 725% increase in foreign capital investment, as GDP contribution hits N6 trillion, Coronavirus: Instant messaging platforms, Telcos raking in funds from the work-from-home policy, Telecoms: Bright spot amidst the gloom, Nigerians lambast MTN, Airtel for offering free SMS, ignoring request for free data, airtime

Business News3 months ago

Telecoms record 725% increase in foreign capital investment in 2019

The National Bureau of Statistics (NBS) has disclosed that foreign capital investment in the telecommunications industry rose by 725% in 2019.

FG moves to capture 80% of Nigerians in formal financial services sector, Massive depreciation of the Naira as investors get jittery, Naira’s one-year currency forward falls to N515

Economy & Politics3 months ago

Defending the naira at a cost

President Muhammadu Buhari has made currency stability a key pillar of his plan to revive an economy still reeling from the collapse of oil prices in...

aviation, The nature of Nigeria's ban on Boeing 737 Max 8, FAAN commences renovations of Enugu Airport , Land dispute threatens reopening of Enugu Airport , Here is reason Turkish Airlines was allowed to land in Abuja, Aviation industry's 2019 GDP contribution hits N198 billion but 2020 will be worse

Business News3 months ago

Aviation’s GDP contribution up by 0.14%, 2020 will be down

According to the National Bureau of Statistics (NBS), the contribution of the Aviation industry to Nigeria's economy increased by 0.14% in 2019.

Ten States in Nigeria, Foreign Investors abandoned 27 States, as Lagos and Abuja attracted $5.8 billion, tax revenue, Foreign investors dump 29 states in Nigeria, as Lagos attracts $4.97 billion in 3-month , Foreign investors ship $21.14 billion to 22 States in 10-month , 36 states contravene DMO rule, took debt more than revenue, FAAC disburses N650.8 billion as South-South states receive highest share

Business News3 months ago

FAAC disburses N650.8 billion in December 2019, South-South states receive highest share

FAAC disbursed a sum of N650.83 billion to the three tiers of government in December 2019 from the revenue generated in November 2019.

Nigeria’s trade balance hits recession low, records N579 billion deficit in Q4 2019

Business News3 months ago

Nigeria’s trade balance hits recession low, records N579 billion deficit in Q4 2019

The Nigerian economy ended 2019 in what appears to be another major setback, as trade balance posted N579 billion deficit in the fourth quarter of 2019.