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NBS
News and analysis about NBS
Nigerians involved in the wholesale and retail trade, as well as the repair of motor vehicles and motorcycles, witnessed a staggering 98% increase in their total tax contributions to the nation's coffers, with the total tax paid in 2023 hitting a record N253.07 billion.
President Bola Tinubu has assured Nigerians that his administration will tackle the high inflation rates with the same determination used to address the foreign exchange crisis in the country.
The Lagos State Commissioner of Agriculture, Miss Abisola Olusanya, has said on Wednesday that the administration is working to enforce regulations on the price of food items in the State.
The percentage of men with wage or salary paying jobs have declined in 11 years, according to a brief on gender landscape in Nigeria by the World Bank.
The cost of a Healthy Diet (CoHD), defined as the most economical combination of locally available items adhering to global dietary guidelines, serves as a crucial measure of physical and economic access to healthy diets.
The Nigeria Railway Corporation (NRC) faced a significant decline in its passenger numbers in 2023, recording 2,182,388 passengers, a sharp 32.08% decline compared to the 3,212,948 recorded in the previous year.
The National Bureau of Statistics’ (NBS) Transport Fare Watch report for February 2024 has disclosed intriguing trends in Nigeria's public transport fares.
Total Energies and Marketing Plc has released its full-year 2023 financial result posting a profit after tax of N12.912 billion amidst economic headwinds.
In February 2024, the cost to refill a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) rose to N6,154.50, marking a N1015.25 (19.75%) increase from January 2023's price of N5,139.25.
Major staple food prices across Nigeria increased by double figures month-on-month according to the NBS latest food price watch.
Despite a strengthening national currency against the US dollar, the upward trajectory of major food item prices persists, further diminishing the purchasing power of the average Nigerian.
Nigeria has witnessed a significant surge in tax earnings from foreign firms, with figures nearly doubling in the span of one year. This significant fiscal boost is likely due to the weakening of the naira, which has increased the local currency's value of foreign transactions for Non-Import (foreign) Value Added Tax (VAT) and Foreign Company Income Tax (CIT) payments.