The nation’s Gross Domestic Product (GDP) in a report by the National Bureau of Statistics (NBS), showed a contraction of -0.52 per cent (year-on-year) in real terms in the first quarter of 2017. The NBS report, tagged, ‘Nigerian Gross Domestic Product Report for first quarter 2017’ released yesterday in Abuja, according to the NBS, represented the fifth […]
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Latest reports from the National Bureau of Statistics (NBS) released yesterday in Abuja has revealed that Nigeria’s inflation rate further declined by 0.02 per cent point from 17.26 per cent recorded in March to 17.24 per cent in April 2017. According to the NBS, this is the third consecutive month of a decline in the […]
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The National Bureau of Statistics on Thursday released the Internally Generated Revenue figures for 35 states for the 2016 fiscal period with the total IGR rising by 17 per cent. Specifically, the IGR increased by N119.28bn from N682.67bn in 2015 to N801.95bn The bureau in the report, a copy of which was made available to […]
Read More The National Bureau of Statistics (NBS) said Nigeria’s foreign debt stood at $11.41 billion (₦3.49tn) while the domestic debts was ₦14.02 trillion in 2016. The NBS stated in “Nigerian Domestic and Foreign Debt – 2016” data posted on its website on Wednesday in Abuja, that the sum reflected states’ and federal debt stock. The report […]
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National Bureau of Statistics (NBS) on Thursday said that inflation dropped by 0.52 per cent in March, the second decline recorded on the year- on- year basis. The first decline was recorded in February when inflation dropped by 0.94 per cent. In its latest Consumer Price Index (CPI) for March released in Abuja, the bureau […]
Read More National Bureau of Statistics (NBS) on Tuesday said that inflation dropped by 0.94 per cent in February, the first time in 15 months. In its latest Consumer Price Index (CPI) for February released in Abuja, the bureau stated that the index, which measured inflation increased by 17.78 per cent year-on-year. It, however, stated that the […]
Read More The harsh economic situation facing the country may have forced about 3.67 million Nigerians into the employment market between October 2015 and last September, the National Bureau of Statistics (NBS) has said. According to the Bureau’s analysis of the unemployment in the country, the number of unemployed Nigerians rose from 7.51 million in the beginning […]
Read More The National Bureau of Statistics has said the value of the total trade at the end of 2016 was N17. 35bn. The NBS said that the figure was 6.5 percent higher than the value recorded in 2015. The bureau announced this in a report on “Merchandise Trade Intensity Index/Re-exports for fourth quarter” released in Abuja. […]
Read More National Bureau of Statistics on Friday published the Consumer Price Index, which measures inflation, with the index rising by 18.55 per cent in the month of December. According to report provided to correspondent in Abuja, the 18.55 per cent was an increase of 0.07 percentage points over the 18.48 per cent recorded in November 2016. […]
Read More The labour market has added another 1.7 million to its 9.48 million statistics from the beginning of the year. The report from the National Bureau of Statistics showed that the current economic situation has increase the number of unemployed Nigerians from 9.48 million at the beginning of the year to 11.19 million by September ending. The report also […]
Read More The country hope that inflation rate would be in the right order as various intervention programme which the Federal Government government has put in place would do the magic was on Monday shattered as the National Bureau of Statistics on Monday announced that the Consumer Price Index, which measures inflation rate, rose to a 94-month high of […]
Read More In September, the Consumer Price Index, which measures inflation across the country, increased by 17.9 per cent year-on-year, up from the 17.6 per cent recorded the previous month. According to the National Bureau of Statistics, energy and energy-related prices continue to be the largest increases reflected in the core sub-index. It stated that in September, […]
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