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NBS
News and analysis about NBS
Nationally, the headline inflation rate eased slightly to 23.7% in April 2025, down from 24.2% in March, marking...
Nigeria’s inflation rate eased to 23.71% in April 2025, down from 24.23% recorded in March.
Analysts remain split on the trajectory of headline inflation, reflecting ongoing macroeconomic uncertainties as the National Bureau of Statistics (NBS) prepares to release the Consumer Price Index (CPI) for April 2025.
The International Monetary Fund (IMF) has projected that Nigeria’s headline inflation will average 26.5% in 2025, following a recent rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS).
Nigeria’s headline inflation rate has increased to 24.23% in March 2025, according to the latest figures from the National Bureau of Statistics (NBS).
The World Bank has recommended that Nigeria invest between $10 million and $15 million annually to upgrade its national statistical system and bring it in line with countries like Brazil, South Africa, Mexico, and Colombia.
Olayemi Cardoso, has said the Bank is beginning to see signs of progress in stabilising the foreign exchange (FX) market and curbing inflation, as recent policy reforms start to yield results.
An economic expert has projected a potential further decline in Nigeria’s inflation rate in 2025, citing a combination of government policies and improving macroeconomic conditions.
The latest inflation data highlight the states where the cost of living is rising the fastest, with food prices playing a crucial role in many regions.
Trade between Nigeria and Niger Republic rebounded strongly in 2024, with exports from Nigeria soaring by 77.12% to N82.38 billion, according to the latest data from the National Bureau of Statistics (NBS).
Nigeria’s total trade exports surged to $50.4 billion in 2024, driven by exchange rate depreciation and the elimination...
Lagos state has cemented its position as one of Africa’s economic powerhouses, with its Gross Domestic Product (GDP) reaching an impressive $259 billion based on purchasing power parity (PPP).