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NBS

News and analysis about NBS

Nigeria’s cocoa earnings spiked by 279% in the first quarter of 2024 on the back of elevated cocoa prices during the first quarter of 2024.
Data from the National Bureau of Statistics reveal Nigeria recorded N117.4 billion as import cost for motorcycles in the first quarter of 2024 
In the first quarter of 2024, Nigeria’s total exports increased by 51% from N12.69 trillion in the preceding quarter (Q4, 2023) to N19.16 trillion. On a year-on-year basis, total exports grew by 195% from N6.48 trillion recorded in Q1, 2023.  
Nigeria’s foreign trade statistics report for the first quarter of 2024 reveals a significant trade surplus of N6.52 trillion.
Nigeria’s food and beverage import bill increased by 30% from N 1.21 trillion in the fourth quarter of 2023 to N1.59 trillion in the first three months of 2024.  
Nigeria’s expenditure on motor spirit (also known as fuel) soared to N2.6 trillion in the first quarter of 2024, representing a 46% increase from the fourth quarter of 2023. 
Nigeria's foreign trade statistics report for the first quarter of 2024 reveals a significant trade surplus of N6.52 trillion. 
The average fare for domestic air transportation in Nigeria for specified routes rose by 19%, reaching N89,189.19 in April 2024 from N74,947.30 in April 2023.  
This article explores the top 11 states with the highest fares for bus journeys within cities in April 2024 according to the National Bureau of Statistics Transport Fare Watch for April 2024
This article explores the top 10 states with the highest intercity bus fares in April 2024 according to the National Bureau of Statistics (NBS) Transport Fare Watch for April 2024.
The cost of waterway passenger transportation in Nigeria saw a significant rise, with the average fare increasing by 34.45% year-on-year, reaching N1,385.95 per trip in April 2024, up from N1,030.83 in April 2023.  
The average fare paid by commuters for intercity bus journeys in Nigeria surged by 78.31% year-on-year to N7,122.57 in April 2024, up from N3,994.51 in April 2023.