Emerging Economies Catching Up In Smartphone Adoption: Survey

Nigeria’s active mobile subscribers hit 162 mln in Q4 2018 — NBS

The National Bureau of Statistics (NBS) said Nigeria’s active mobile subscribers dropped to 162,032,481 million in the fourth quarter, 2018 from 172,824,239 million and 162,522,772 million recorded in the third and second quarter, 2018, respectively. The NBS disclosed this in its “Telecommunication Data (Q3 and Q4 2018)” released on its website. According to the report, […]

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Nigeria’s foreign trade volume increases by 39 pct – NBS

The National Bureau of Statistics (NBS) said the country recorded a total trade value of ₦32.26 trillion year-on-year in 2018, representing 39.3 per cent increase over the corresponding period in 2017. The trade value for 2017 stood at ₦23.16 trillion. The NBS said this in its Foreign Trade in Goods Statistics for Fourth Quarter of […]

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statistician general of the federation dr yemi kale

FG generated ₦1.10 trillion from VAT in 2018: NBS

The federal government generated a total sum of ₦1.10 trillion as Value Added Tax (VAT) in 2018, representing a growth of 13.96 per cent (year-on-year) when compared to the ₦972.34 billion collected in 2017, the National Bureau of Statistics (NBS) stated Thursday.. However, a total sum of ₦298.01 billion was realised in the fourth quarter […]

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Nigeria bank

Banks loans to private firms decline by ₦455 bln to ₦15.1 trn

The total credit from banks to the economy recorded a decline of ₦455 billion from ₦15.58 trillion as of the end of the third quarter of last year to ₦15.1 trillion in the fourth quarter. This is contained in the banking sector report released by the National Bureau of Statistics on Tuesday. The NBS in […]

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Atm Card In Nigeria

ATM transactions hit ₦39.15 trillion in Q4’18 – NBS report

The National Bureau of Statistics said Automated Teller Machine from selected banks across the country recorded transactions valued at ₦39.15 trillion in the fourth quarter of 2018. The bureau stated this in its “Selected Banking Sector Data for Fourth Quarter, 2018”, posted on its website on Wednesday. It said that the ₦39.15 trillion was derived […]

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Yemi Kale, NBS

Inflation rate drops to 11.37 pct – NBS report

Nigeria inflation rate has dropped to 11.37 per cent in the month of January, reading a 0.07 percent points lower than (11.44) percent, the rate recorded in December 2018, the National Bureau of Statistics, NBS, said on Friday. In a released Consumer Price Index which measures inflation, the NBS said that the percentage change in […]

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National Bureau of Statistics, NBS

Prices of diesel, kerosene in January 2019 edges up: NBS

The National Bureau of Statistics (NBS), said the average prices paid by consumers for kerosene and diesel increased in January 2019. The price of kerosene increased month-on-month (MoM) by 5.35 percent to ₦306.28 per litre last month from ₦290.74 in December 2018 while the price of diesel rose MoM by 1.59 percent to ₦225.09 from […]

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National Bureau of Statistics, NBS

Companies’ employed 823,502 as private security guards in 6 years

The National Bureau of Statistics (NBS) says that private security guards companies employed no fewer than 828, 502 people in Nigeria from 2013 to 2018. The NBS made the disclosure in its Private Security Guards Data from 2013 to 2018 posted on its website on Monday. The bureau, based in Abuja explained that the guards […]

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Yemi Kale, NBS

States’ IGR edge down to ₦264.38 billion in Q3 – NBS

States Internally Generated Revenue (IGR) including the Federal Capital Territory (FCT) dropped to ₦264.38 billion in the third quarter of 2018 (Q3 2018) compared to ₦279.78 billion in the preceding quarter, according to the National Bureau of Statistics (NBS). The figure indicated a negative growth of 5.08 per cent quarter on quarter. According to Internally […]

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Yemi Kale, NBS

India, Nigeria’s biggest commodity trading partner in third-quarter 2018 – NBS

India was Nigeria’s biggest trading partner in the third quarter of 2018, gulping ₦719.2 billion of crude and ₦37.7 billion of natural gas exports from the country. India also bought cashew nuts worth ₦4.7 billion. The News Agency of Nigeria stated that the latest figures from the National Bureau of Statistics, covering July, August and […]

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Executive Chairman of Nigeria's Federal Inland Revenue Service (FIRS), Mr Tunde Fowler speaks during an exclusive interview with Reuters in Abuja, Nigeria, September 21, 2016. Photo taken September 21, 2016. REUTERS/Afolabi Sotunde

FIRS generates ₦273.5 billion as VAT for Q3’18: NBS report

A total of ₦273.5 billion was generated by the Federal Inland Revenue Service, FIRS, as Value Added Tax (VAT) for the third quarter 2018, Q3’18. This, according to the report of the National Bureau of Statistics (NBS) released yesterday, represents 9.16 percent year-on-year (YoY) increase on the ₦269.79 billion generated in the same period in […]

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Prices of food stuff decreased in November, NBS says

The National Bureau of Statistics, NBS, said the average price of some selected food items in the country decreased in November. NBS disclosed this on Friday in its November “Selected Food Price Watch’’ report released in Abuja. It said the average price of one dozen of medium sized agric egg decreased from ₦482.9 in October […]

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