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NBS
News and analysis about NBS
The average cost of cooking a pot of jollof rice increased by 19.6%, from N16,955 to N20,274, between March and June 2024.
The average price of 5kg cooking gas declined by 6.10% in June 2024- the largest in the last 12 months according to data from the National Bureau of Statistics (NBS).
Nigeria's imported food inflation jumped to 36.38% in June 2024, from 34.83% recorded in the previous month, which represents a 1.55%-points increase.
The prices of major staple foods in Nigeria such as beans, yam, potato, plantain and tomato have risen by over 250% in the last one year.
The Members of the House of Representatives have unanimously decided to reduce their salaries by half for a period of six months as a demonstration of solidarity and shared sacrifice with the Nigerian people who are currently experiencing economic challenges and food insecurity.
The state of emergency declaration on food security then follows concerns by the President over the escalating prices of food items in the market following the removal of fuel subsidy.
Nigeria's month-on-month headline inflation rate has risen for the first time since February 2024, according to the latest Consumer Price Index (CPI) report for June 2024 released by the National Bureau of Statistics (NBS).
Olusegun Zaccheaus, Partner and Lead for Strategy in West Africa at PwC, has said that Nigeria needs to focus on attracting quality capital to stimulate long-term growth.
Local Government Areas (LGAs) in Nigeria got N1.42 trillion from disbursed federal allocations in the first five months of 2024.
The Federal Government has set aside N120 billion as the first tranche of the Presidential Metering Initiative (PMI).
The total number of active voice subscriptions has declined across 34 states and the Federal Capital Territory (FCT) in the first quarter of 2024, according to the latest telecoms data report from the National Bureau of Statistics (NBS).
The latest telecommunications data released by the National Bureau of Statistics (NBS) has revealed that three states, Lagos, Ogun, and Kano accounted for 23% of the country’s total active mobile subscriptions as of Q1 2024.