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…
By Esther Agbo Nigeria’s imported food inflation surged to 36.38 percent in June 2024, up from 34.83 percent in May, marking a 1.55 percentage point increase, according to the Consumer Price Index (CPI) data from the National Bureau of Statistics…
The National Bureau of Statistics (NBS), says prices of beans, tomatoes, irish potatoes, garri, yam and other food items witnessed significant price increases in June 2024. The NBS said this in its Selected Food Prices Watch report for June 2024…
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N545.83 in June 2023 to N750.17 in June 2024. It made the declaration in its Petrol Price Watch for June 2024 released…
Foreign investment inflows to Nigeria grew to $3.38 billion in the first quarter of 2024, a 210.16 percent increase from $1.09 billion in the fourth quarter of 2023, according to the latest capital importation report on the National Bureau of…
Nigeria’s active internet subscribers increased by 4.33 per cent to 164,368,292 in the first quarter of 2024, from 157,551,104 in the corresponding quarter last year. The National Bureau of Statistics, NBS, disclosed this on Monday in its Telecom Data report.…
The Nigerian Railway Corporation generated N1.42 billion as revenue from passengers in Q1 of 2024, the National Bureau of Statistics (NBS) has said. This is contained in the NBS Rail Transportation Data for Q1 2024 released in Abuja on Monday.…
