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NATIONAL BUREAU OF STATISTICS
The National Bureau of Statistics (NBS) had, in its latest report, revealed that Nigeria’s Gross Domestic Product (GDP) grew by 3.13% year-on-year in real terms in the first quarter (Q1) of 2025.
The Information and Communications Technology (ICT) sector recorded 31.63% year-on-year growth in nominal terms for the first quarter of 2025, according to the latest GDP report from the National Bureau of Statistics (NBS).
The Real Estate sector has emerged as Nigeria’s third-largest economic sector following the latest GDP rebasing by the National Bureau of Statistics (NBS), recording a staggering jump of over N25 trillion between the old and rebased figures for 2023.
Ahead of the official release of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS), financial analysts expect Nigeria’s headline inflation to post a marginal decline in June 2025, following a print of 22.97% in May.
The average retail price of Automotive Gas Oil (diesel) paid by consumers rose by 25.24% year-on-year, climbing from N1,403.96 per litre in May 2024 to N1,758.26 per litre in May 2025.
The article features the top 10 Nigerian states with the highest year-on-year food inflation in May 2025, ranked in ascending order and with insights into their local food dynamics and historical inflation trends.
This article features the top 10 most affordable states to live in May 2025 in Nigeria.
Nigeria spent N1.19 trillion importing crude oil in the first quarter of 2025, making it the third most imported commodity in the country during the period, according to the National Bureau of Statistics (NBS).
This article is a breakdown of the top 10 states with the highest cost of living in May 2025
This article is a ranking of Nigeria’s top ten export destinations for Q1 2025, compared to Q1 2024, based on total export value
Nigeria’s petrol import bill fell sharply in the first quarter of 2025, dropping to N1.76 trillion from N3.81 trillion recorded in the corresponding period of 2024.
China and India again emerged as Nigeria’s largest sources of imports in the first quarter of 2025, showing a significant concentration of imports from a handful of global economies.