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NBS
News and analysis about NBS
Lagos, Rivers and the Federal Capital Territory (FCT) generated the highest amounts of internally generated revenue in 2022.
In September, there was a 4.27% increase in the price of Diesel with prices going from N854.32 in August to an average of N890.80.
Fuel pump prices recorded a 226% increase between September 2022 (N191.65) and September 2023 as Nigerians paid an average of N626 per litre for fuel in September 2023.
NBS has said that its corruption survey is aimed at assessing the Federal Government’s fight against corruption.
The Nigerian currency, the naira, has suffered a significant depreciation in the third quarter of 2023, according to official and unofficial data.
The federal government has said it hopes to increase its revenue coming from the telecommunications industry by 100% between now and 2027.
In Q1 of 2023, there were a total of 2,733 road traffic crashes, representing a 24.44% decline from the previous quarter's figure.
NBS Food Price Watch report shows that there was a continuous increase in food prices for the month.
In August 2023, the average retail price of Automotive Gas Oil (Diesel) experienced noteworthy changes both on a year-on-year and month-on-month basis.
The average retail price of a liter of Petrol has jumped by 230.75% from N189.46 in August of the previous year to N626.70 in August 2023.
In August 2023, the National Bureau of Statistics (NBS) issued the Labour Force Survey conducted with the new unemployment measurement methodology.
Nigeria’s inflation continued its acceleration as it hit 25.80% in August compared with a rate of 24.08% in July 2023 as the food inflation rate in August 2023 rose to 29.34% on a year-on-year basis.