Nigeria needs $15 million annually to match Brazil, South Africa in statistical performance — World Bank
The World Bank has recommended that Nigeria invest between $10 million and $15 million annually to upgrade its national statistical ...
Tag: NBS
News and analysis about NBS
Cardoso says CBN making progress in stabilising FX market, curbing inflation
Olayemi Cardoso, has said the Bank is beginning to see signs of progress in stabilising the foreign exchange (FX) market ...
Nigeria’s inflation rate may further decelerate in 2025 – Expert
An economic expert has projected a potential further decline in Nigeria’s inflation rate in 2025, citing a combination of government ...
Top 10 most expensive states to live in Nigeria in February 2025
The latest inflation data highlight the states where the cost of living is rising the fastest, with food prices playing ...
Nigeriens demand more Nigerian goods in 2024 as exports jump by 77% amid diplomatic tension
Trade between Nigeria and Niger Republic rebounded strongly in 2024, with exports from Nigeria soaring by 77.12% to N82.38 billion, ...
Nigeria’s trade exports hit $50.4 billion as exchange rate depreciation and fuel subsidy removal boost trade balance
Nigeria’s total trade exports surged to $50.4 billion in 2024, driven by exchange rate depreciation and the elimination of fuel ...
Lagos GDP hits $259 billion, ranks as Africa’s second-largest city economy
Lagos state has cemented its position as one of Africa’s economic powerhouses, with its Gross Domestic Product (GDP) reaching an ...
Nigeria’s passenger car imports drop by 14.3% in 2024 as inflation, naira depreciation weigh on demand
Nigerians imported fewer passenger cars in 2024 as rising inflation and the sharp depreciation of the naira made foreign exchange ...
Nigeria’s foreign trade surges to N36.6 trillion in Q4 2024 – NBS
Nigeria’s total merchandise trade saw significant growth in the fourth quarter of 2024, driven by a surge in imports and ...
Stop using economic data as a propaganda tool in Nigeria – Economist warns FG
A financial expert has cautioned the Federal Government against manipulating economic data to create a misleading impression of economic stability, ...
