The National Bureau of Statistics (NBS), says prices of beans, eggs, bread, rice, yam, and other food items witnessed significant price increases in August 2024. The NBS said this in its Selected Food Prices Watch report for August 2024 released…
By Esther Agbo Despite efforts to stabilise the job market, Nigeria’s latest unemployment figures reveal lingering concerns, particularly for youth engagement and rural job creation. According to the National Bureau of Statistics (NBS) report released recently, the national unemployment rate…
The National Bureau of Statistics(NBS) says the unemployment rate in Nigeria stood at 5.4 per cent in 2023. At the state level, Abia recorded the highest unemployment rate at 18.7 per cent, while Nasarawa had the lowest rate at 0.5…
By Seun Ibiyemi Nigeria’s headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July 2024, reflecting a decrease of 1.25 percentage points. This represents the second consecutive monthly slowdown in inflation after easing in…
President Bola Tinubu has welcomed the latest report on the country’s trade balance by the National Bureau of Statistics (NBS). According to the report, Nigeria recorded another trade surplus in the second quarter of 2024, hitting N6.95 trillion, which is…
Recent statistics by the National Bureau of Statistics (NBS) has revealed that the beans and eggs recorded the highest surge in prices for the month of July. This is according to the NBS Selected Food Price Watch report. The report…
The average daily crude oil production in Nigeria during the second quarter of 2024 has dropped from 1.5 million barrels per day (bpd) to 1.4 million bpd. This information comes from the latest data released by the Nigeria Bureau of…
…ICT’s contribution to Nigeria’s real GDP hits 19.78% …As health sector grows by 2.41% By Seun Ibiyemi Nigeria’s Gross Domestic Product (GDP) experienced a year-on-year growth of 3.19 percent in real terms during the second quarter of 2024. The GDP…
The National Bureau of Statistics (NBS) has reported a significant increase in the cost of liquefied petroleum gas (LPG), commonly known as cooking gas. According to the latest LPG price watch for July, the average cost of refilling a 12.5-kilogram…
The National Bureau of Statistics has announced the inflation rate for July 2024, revealing a decrease in the headline rate to 33.4% from 34.19% in June 2024. For July 2024, the month-on-month inflation rate was 2.28%, a slight drop from…
