Foreign capital inflows into banking sector hit five-year high in 2024
Foreign capital inflows into Nigeria’s banking sector rose sharply to $7.0 billion in 2024, the highest annual figure recorded since ...
Tag: NBS
News and analysis about NBS
Hot money accounts for 90% of Nigeria’s capital importation
Nigeria recorded total capital inflows of $5.64 billion in Q1 2025, a 67% increase from the $3.38 billion posted in ...
CPPE calls on NBS for timely GDP rebasing to preserve data credibility
The Centre for the Promotion of Private Enterprise (CPPE) has commended the National Bureau of Statistics (NBS) for its recent ...
Nigeria’s rebased GDP and Q1 2025 growth signal economic transformation – Wale Edun
The Minister of Finance, Wale Edun, has described the release of Nigeria’s 2024 rebased Gross Domestic Product (GDP) figures alongside ...
Rebasing shrinks Nigeria’s debt-to-GDP to 39.4% in Q1 2025, below FG limit of 40%
Nigeria’s public debt-to-GDP ratio dropped to 39.4% in Q1 2025, following the successful rebasing of the country’s Gross Domestic Product ...
Rebased GDP report shows Nigeria’s economy hits N372.82 trillion in 2024 – NBS
The National Bureau of Statistics has said that Nigeria’s Gross Domestic Product (GDP) stood at N372.8 trillion in 2024, after ...
Nigeria’s GDP grows by 3.13% in Q1 2025 – NBS
Nigeria’s Gross Domestic Product (GDP) grew by 3.46% in real terms year-on-year in the first quarter of 2025, according to ...
Average price of farm produce surges by 28.98% in five months
The National Bureau of Statistics (NBS) has reported a 28.98% rise in the average cost of farm produce between January ...
Nigeria’s inflation rate eases to 22.97% in May 2025
Nigeria’s headline inflation rate dropped to 22.97% in May 2025, marking the second consecutive month of decline, according to new ...
Nigeria’s crude oil export falls by over 16% to N12.95 trillion in Q1 2025
Nigeria’s crude oil producers exported approximately N12.96 trillion worth of the product in the first quarter (Q1) of 2025, amid ...
