Nigeria’s headline inflation rate dropped to 22.22% in June 2025, down from 22.97% recorded in May, according to the latest report by the National Bureau of Statistics (NBS).
This marks the third consecutive monthly drop in inflation and reflects a 0.76% decline month-on-month.
However, the Consumer Price Index (CPI) rose...
Nigeria’s inflation rose to 24.23% in March, up from 23.18% in February, according to the National Bureau of Statistics.
This marks the first increase since the bureau updated its inflation calculation method. Food and drinks contributed the most, alongside rising...
Nigeria’s GDP grew by 3.84% in Q4 2024, up from 3.46% in the previous quarter, according to the National Bureau of Statistics (NBS).
The Services sector led with 5.37% growth, contributing 57.38% to total GDP. Agriculture grew by 1.76%, while the industry sector slowed to 2.00%.
Nigeria’s nominal GDP stood at N78.3...
Nigeria’s inflation rate is expected to fall to 24.48%, while core inflation may drop to 22.59% and food inflation to 26.8%, following the rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS).
A source told Daily Trust that the updated CPI, which replaces the 2009 reference period, will be released today....
President Bola Tinubu has reaffirmed his commitment to ensuring that Nigerians directly benefit from the nation's improving economy, following a newly released report by the National Bureau of Statistics (NBS) showing an uptick in Nigeria's Gross Domestic Product (GDP).
The...
Nigeria’s Gross Domestic Product (GDP) expanded by 3.46% in real terms during the third quarter (Q3) of 2024, marking a year-on-year increase, according to the National Bureau of Statistics (NBS). This growth reflects a significant improvement from the 2.54%...
President Bola Ahmed Tinubu has expressed delight in the latest report of the National Bureau of Statistics (NBS) which suggests the Nigerian economy posted increased Gross National Product (GDP) growth in the second quarter of the year.
According to NBS,...
A report titled “Corruption in Nigeria: Patterns and Trends”, based off a survey conducted by the United Nations Office on Drugs and Crimes (UNODC) and released by the Nigerian Bureau of Statistics (NBS), has alleged that Nigerians spent about ₦721...
Tax revenue from manufacturers have dropped drastically by 70.24 percent, quarter-on-quarter, to ₦43.2 billion in the first quarter of 2024 from ₦145.1 billion recorded in the previous quarter.
This is in apparent reflection of the harsh operating environment for the manufacturing...
Despite the Naira making a considerable gain in April, the prices of goods and services escalated, this, according to data from the national bureau of statistics (NBS). The headline inflation rate increased to 33.69% relative to the March 2024...
