Nigeria’s rising inflation rate has been a source of concern to economy’s stakeholders, and indeed, Nigerians. The country has witnessed its eleventh inflation increase in recent times. According to the National Bureau of Statistics (NBS), in December 2022, the inflation…
Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79trillion in 2022. This is as total trade rose by 31.79 per cent from N39.75trillion in 2021 to N52.39trillion in 2022. In 2022, crude oil…
The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N4,565.56 recorded in December 2022 to N4,588.75 in January 2023. This is contained in the Bureau’s “Cooking Gas Price Watch” for January 2023…
The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N4,565.56 recorded in December 2022 to N4,588.75 in January 2023. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for January 2023…
The National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) grew by 3.52 per cent in the fourth quarter of 2022 on a year-on-year basis. The NBS said this in the Nigerian Gross Domestic Product Report Q4 2022…
The National Bureau of Statistics in its Premium Motor Spirit (petrol) price watch for January 2023 stated that on average, Nigerians paid the sum of N257.12 per litre for the product. The report noted that the average price in January…
The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N3,594.81 in December 2021 to N4,565.56 in December 2022. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for December 2022 released…
The National Bureau of Statistics (NBS) has said that Nigerians paid an average of N206 per litre of fuel (also known as premium motor spirit or PMS) in December 2022. According to the latest PMS Price Watch Report which was…
…Inflation drops to 21.34%, 0.13% decline …Decline marginal, not worth celebrating, departure from reality – Experts By Ariemu Ogaga, Philemon Adedeji Nigeria’s inflation rate declined to 21.34 per cent for December, 2022, the National Bureau of Statistics (NBS) disclosed on…
Data from the National Bureau of Statistics (NBS) has revealed that Nigerians made higher energy purchases in December 2022. In its Consumer Price Index and Inflation report for December 2022, the NBS stated that core inflation, which excludes the prices…
