Tag
NBS
News and analysis about NBS
Nigeria’s import expenditure on armoured vehicles has significantly surpassed that on fuel in the final quarter of 2023, according to the National Bureau of Statistics (NBS).
In 2023, Nigeria’s total foreign trade increased from N52.38 trillion recorded in 2022 to N71.88 trillion- an increase of 37.2% when compared to 2022.
The National Bureau of Statistics (NBS) recently released consumer price index (CPI) data for January 2024, revealing a significant escalation in the cost of imported food within the Nigerian economy.
In January 2024, the average fare for a trip on a commercial motorcycle, widely referred to as Okada, was N456.22, marking a decrease of 2.15% from the N466.25 fare observed in January 2023.
In Jan 2024, Nigeria's waterway passenger transportation experienced a notable increase in fares, with a 35.82% rise compared to Jan 2023.
In January 2024, commuters paid N7,577.03 per trip averagely for intercity bus ride in Nigeria showing a year-on-year increase of 89.50%
In Nigeria, the average fare for intra-city bus trips per drop escalated by 6.72%, moving from N902.70 in December 2023 to N963.38 in January 2024.
Domestic flight prices in Nigeria witnessed a 20.53% increase from January 2023 to January 2024, pushing the average fare for a single journey on selected routes to N89,975.68, an increase from N74,648.65 the year before.
The contribution of the manufacturing sector to Nigeria’s GDP in the fourth quarter of 2023 dropped from 8.40% recorded in the corresponding period of the previous year to 8.23%.
The National Bureau of Statistics (NBS) has disclosed that Nigeria imported 11.94 billion litres of Premium Motor Spirit (PMS), commonly known as petrol, during the first half of 2023.
In the latest Nigeria Labour Force Survey (NLFS) report by the National Bureau of Statistics (NBS), the third quarter of 2023 saw the rural unemployment rate climb to 4.0%, a substantial rise from the 2.5% recorded in the previous quarter.
During the fourth quarter of 2023 (Q4 2023), Lagos State maintained its position as the leading recipient of capital influx into Nigeria.