Tag
NBS
News and analysis about NBS
Workers without formal education made up 99% of those in informal employment in Q2 2024, while individuals with post-secondary education experienced a much lower informal employment rate of 26.6%.
Nigeria’s manufacturing sector experienced a staggering decline in growth, as its year-on-year (YoY) nominal GDP growth plummeted by 90.11% in the third quarter of 2024.
Nigeria’s Gross Domestic Product (GDP) grew by 3.46% year-on-year in real terms during the third quarter of 2024, according to the latest report from the National Bureau of Statistics (NBS).
At least 65.8% of Nigerian households were unable to eat healthy, nutritious, or preferred foods in the past 30 days due to lack of money.
Nigerian households experience an average of 6.7 electricity blackouts weekly, with each outage lasting 12 hours.
The average price of Liquefied Petroleum Gas (Cooking Gas) rose by 3.32% month-on-month, increasing from N6,699.63 recorded in September 2024 to N6,915.69 in October 2024.
The price of Premium Motor Spirit (PMS), commonly referred to as petrol, has witnessed a significant surge over the past year, reaching an average of N1,184.83 nationwide as of October 2024.
Nigeria's foreign trade value in the first half of 2024 (H1 2024) reached N65.88 trillion, a substantial increase of 162.33% compared to N27.78 trillion recorded in the same period of the previous year, according to the National Bureau of Statistics.
The price of locally produced paddy rice is expected to surge by approximately 55% during the 2024/2025 season, exacerbating the already high cost of living, a new report has revealed.
The average cost of preparing a pot of jollof rice in Nigeria has risen to N21,579, consuming roughly 31% of the country’s minimum wage (N70,000) in September.
The 2023 IGR report, compiled by the Joint Tax Board in partnership with state revenue authorities, provides insight into how road taxes contribute to state-level finances.
The average domestic airfare for a single journey on specified routes in Nigeria reached N124,693.40 in September 2024, reflecting a steep 57.81% increase from the N79,013.48 recorded in the same month last year.