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NBS
News and analysis about NBS
Nigeria’s inflation rate for January 2024 rose to 29.90% from 28.92% recorded in the previous month according to the latest National Bureau of Statistics (NBS) inflation report.
NBS Transport Watch for December 2023 has revealed a decline in the average fare paid by city commuters for bus journeys per drop, dropping to N902.70 from N1,047.64 in November 2023, marking a 13.83% decrease.
The top 10 food items that have recorded the highest price increase in one year as of December 2023
The urban inflation rate for December 2023 soared to a staggering 31%, according to the latest data from the National Bureau of Statistics (NBS).
The Manufacturing sector in the third quarter of 2023 attracted a total of $279.51 million in FDIs.
Nigeria’s telecommunications sector attracted a total of $64 million in Foreign Direct Investments in the third quarter of this year.
As the festive season approaches, many families across the country are eager to prepare special meals. However, the prevailing high inflation rates will undeniably impact their budgets for these celebratory dishes.
The National Bureau of Statistics (NBS) released Nigeria's monthly Consumer Price Index (CPI) report for Nigeria last week Friday, revealing a headline inflation rate of 28.2% for November 2023.
In November 2023, the overall inflation rate rose to 28.20%, surpassing the October 2023 rate of 27.33%. This indicates a month-on-month increase of 0.87%.
The average life expectancy for Nigerian men rose from 53.2 years in 2015 to 55.1 years in 2022.
Educational institutions in Nigeria paid 42% more taxes by the third quarter of 2023 based on a quarter-by-quarter analysis of data from NBS.
Nigeria spent around N970.22 billion on wheat imports in the last 12 months according to data obtained from the National Bureau of Statistics (NBS) foreign trade report of the last four quarters.