NBS

Mixed reactions trail NBS’s 18.2% inflation rate

By Matthew Denis & Joshua Elekwachi, Abuja, Abuja Analysts have expressed mixed feelings over National Bureau of Statistic (NBS) Monday’s report on inflation rate, stressing that the current rate does not reflect prices of goods and services in the country.…

FG generates N496bn from VAT in Q1 – NBS

The National Bureau of Statistics (NBS) said the federal government has raked in a total of N496.39 billion from Value Added Tax in the first quarter of 2021. This represents a nine per cent quarter-on-quarter (QoQ) increase in VAT when…

MfBs record 82% growth in lending – NBS

By Kayode Tokede The National Bureau of Statistics (NBS) has disclosed that Microfinance Banks (MfBs) recorded an 82per cent boost in lending rising from N300.2 billion in 2019 to N546.6 billion in 2020. As of 2018 total microfinance loans to the…