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NBS
News and analysis about NBS
Nigeria's Minister of Foreign Affairs, Yusuf Tuggar, has stated that the country is focusing on exporting "finished products" to China and other parts of the world.
Nigerian states have collectively spent about N139.92 billion on servicing external debt in the first half of 2024.
Investment and Advisory firm, Comercio partners has stated that Nigerians should be cautions with the rising GDP growth rate stating that economic expansion may not translate to improved standard of living for Nigerians.
The once-booming telecommunications sector in Nigeria has continued its downward spiral with a continuous decline in the Gross Domestic Product (GDP) growth rate over the last one year.
The Nigerian health sector's real GDP grew by 2.41% year-on-year in Q2 2024, up from 1.95% in the same quarter of 2023.
Activities in Information and Communications Technology (ICT) contributed 19.78% to Nigeria’s real Gross Domestic Product (GDP) in Q2 2024.
The rising cost of living has pushed Nigerians to borrow about N4.82 trillion from banks between January and March this year.
The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) in Nigeria dropped by 14.23% in July 2024, falling from N6,966.03 in June to N5,974.55.
The chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has stated that the federal government is on track to achieve its N19.4 trillion revenue target for 2024.
The cost of living in Nigeria is high but stabilizing, with July 2024 Consumer Price Index (CPI) data showing a decrease in inflation rates across both all items and food.
Nigerian states have collectively spent about N139.92 billion on servicing external debt in the first half of 2024.
The National Average Cost of a Healthy Diet (CoHD) in Nigeria saw a sharp increase in June 2024, climbing to N1,241 per adult per day.