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NATIONAL BUREAU OF STATISTICS
In the second quarter of 2023, Nigeria’s foreign capital importation dropped by 9.04% when compared to the preceding quarter.
Diesel costs are affecting operational expenses for Nigerian manufacturers are their unsold goods for 2022 reach N469.66 billion.
India has been Nigeria’s top crude importer; however, the former’s preference for Russian crude oil could reduce the country’s crude oil export earnings from India.
Some financial experts have urged the Federal Government to implement complementary fiscal measures to address the rising inflation in the country.
Nigeria’s galloping inflation is largely driven by a trio of rising energy prices, exchange rate depreciations and increase in food prices.
Nigeria's statistic agency, the National Bureau of Statistics revealed the revised standard (19th ICLS) is now used to capture employed and unemployed Nigerians.
The link between inflation and energy costs is well-established, and it is likely that businesses in Nigeria will continue to grapple with rising energy costs soon.
The Nigerian Government announced that it is targeting, Cashew exports from $252 million to $500 million in 2023.
Latest data by the National Bureau of Statistics (NBS) has shown a 160.48% rise in the cost of kerosene.
Nigeria's economy has experienced significant growth in recent years, with several sectors showing remarkable progress.
The National Bureau of Statistics said superior-quality cocoa beans topped Nigeria's agricultural exports in the fourth quarter of 2022.
Amid the PMS pricing challenge faced by Nigerians since Q4 2022, the NBS said the average price of PMS for December 2022 was N206 per liter