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NBS
News and analysis about NBS
Nigerians paid 97.8% more intra-city bus fares in the month of June compared with May 2023, following the removal of fuel subsidies.
Lagos, the commercial capital of Nigeria, has overtaken other states in the country to become the most expensive city to live in, according to the latest inflation data.
The cost of air travel for Nigerians continues to surge, with average ticket prices witnessing a significant 34.06% increase over the past year.
According to the National Bureau of Statistics (NBS), Nigerians paid more for less electricity during the first quarter of 2023.
According to a new report by NBS, the value of manufactured goods imported into the country declined by 2.11% in the first quarter of 2023.
The contribution of the manufacturing sector to Nigeria’s Gross Domestic Product (GDP) has stunted in the last five years.
Activities in Information and Communications Technology (ICT) contributed 17.47% to Nigeria’s real Gross Domestic Product (GDP) in Q1 2023.
As the institution responsible for producing official statistics crucial for economic growth and development, the NBS has a duty to provide up-to-date information to policymakers, taxpayers and the public.
Diesel prices are still on the rise. As of last month, diesel prices rose 28.69% between 2022 and 2023.
There was a 3.87% reduction in the average petrol price in April 2023, according to the National Bureau of Statistics.
The numbers agree with his assertion, as Nigeria’s crude production continues to decline according to the latest reports.
13 electricity companies are affected by this decision, which could lead to blackouts in several locations across the country.