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NBS
News and analysis about NBS
The Hotel owners have cited the recent increase in electricity tariffs as a key factor behind the rising...
Debt instruments dominate capital importation into Nigeria in the first quarter of 2024, making up 94% of inflows.
Nigeria's total capital importation saw an increase of 210.16% in the first quarter of 2024, rising from $1.08 billion in Q4 2023 to $3.37 billion.
Nigeria’s total capital importation rose by 210.16% in the first quarter of 2024 from $1.08 billion recorded in the Q4, 2023 to $3.37 billion in the period under review.
Nigerian states have witnessed a significant surge in their external debt servicing obligations, marking a 123% increase in the first four months of 2024 compared to the same period in 2023.
In May 2024, Nigeria experienced a headline inflation rate of 33.95%, up from 22.41% in May 2023, reflecting significant economic pressures.
The average fare paid by commuters per drop for intercity bus travel within Nigeria in May 2024 was N7,129.46, a significant increase of 78.14% from N4,002.16 in May 2023.
The national average cost of a healthy diet (CoHD) per day has risen by 32% since December 2023.
The Federal Ministry of Agriculture and Food Security (FMAFS), in collaboration with the National Bureau of Statistics (NBS), World Bank, and other key stakeholders, has launched the 2022 National Agricultural Sample Census Report (NASC).
A recently released report by the National Bureau of Statistics (NBS) revealed that only 7% of farming communities report receiving micro-credits from banks in Nigeria as of 2022.
The prices of vehicles, aircraft, and their parts rose by 0.92% in the first quarter of 2024, driving a 0.51% increase in the All-Commodity Group Index for the same period.
The World Bank has announced a supervision mission next month in response to the underperformance of a $500 million loan aimed at improving Nigeria’s electricity distribution sector.