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NBS
News and analysis about NBS
Nigeria’s headline inflation rate for August 2023, rose to 25.80%, marking an increase from the July 2023 rate of 24.08%.
The average cost of intra-city bus fare dropped by 3.96% in July 2023 according to the latest NBS report on t-fare prices across the country.
In the second quarter of 2023, Nigeria's Value Added Tax (VAT) collections continued their upward trajectory, reaching a total of N781.35 billion according to the latest data by the National Bureau of Statistics (NBS).
Amid ongoing discussions regarding Nigeria's latest unemployment data, some analysts have explained how the National Bureau of Statistics could localise its methodology used to produce the new labour report.
About 45% of Nigerians say they plan to leave the country in the next 5 years which happens to be the highest in any African country.
Last week, the National Bureau of Statistics (NBS) unveiled a new unemployment rate of 4.1%, sparking widespread debates on the credibility of these figures.
The latest data from the National Bureau of Statistics (NBS) has revealed that the metal ore sub-sector under the mining sector recorded the highest growth rate among all the sectors of the Nigerian economy in the first two quarters of June 2023.
The former CEO of the National Bureau of Statistics (NBS) and Chief Economist at KPMG Dr. Yemi Kale has said that around 62% of the Nigerian economy is affected by activities in the oil industry.
LCCI has called on the Federal Government to adopt more prudent fiscal policy measures to effectively manage inflation.
The highly anticipated labour force report by the National Bureau of Statistics (NBS) was released on Thursday, 24th August 2023, over two years from the last release.
Nigeria’s unemployment rate has seen a dramatic drop from 33.1% reported in March 2021 to 4.1% for the first quarter of 2023 and 5.3% in the 4th quarter of 2022.
NBS has revealed a 215.95% increase in fuel prices between July 2022 and July 2023 this was stated in the NBS Premium Motor Spirit Price Watch Report for July 2023.