By Sodiq Adelakun Nigeria has seen a significant increase in revenue from value-added tax (VAT) in the first half of 2023, according to data released by the National Bureau of Statistics (NBS). The country generated N1.49 trillion in VAT revenue…
Statistics by the National Bureau of Statistics (NBS) have revealed that the Information and Communications Technology (ICT) sector contributed 19.54 per cent to Nigeria’s real Gross Domestic Product (GDP) in Q2 2023. According to the NBS, Nigeria’s Gross Domestic Product…
Recent statistics by the National Bureau of Statistics (NBS) has revealed that Nigeria’s unemployment rate has dropped to 4.1 per cent in the first quarter of 2023. This is in comparison to 33.3 per cent in 2020 and 5.3 per cent in…
A recent study conducted by Small Firm Diaries and published by the National Bureau of Statistics (NBS) has disclosed that 40 per cent of the Micro, Small, and Medium Enterprises (MSMEs) in Nigeria are owned by women. The report, titled…
A new study from the National Bureau of Statistics and the Financial Access Initiative research center of New York University has revealed many small businesses earn N223,250 in monthly revenue. According to the study, Nigerian firms earn less than firms…
The National Bureau of Statistics (NBS) says prices of food items such as tomatoes, rice, and yams witnessed increases in May. It made the declaration in its Selected Food Prices Watch Report for May issued in Abuja on Tuesday. The…
The National Bureau of Statistics has said the average price of Liquefied Petroleum Gas also known as cooking gas fell further last month. In its Liquefied Petroleum Gas Price Watch May 2023, the bureau said the price of filling a…
According to the latest Electricity report from the National Bureau of Statistics (NBS), Nigerians paid more for less electricity during the first quarter (January to March) of 2023. In this period, distribution companies (DisCos) generated revenue of N247.33 billion while…
The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas reduced from N4,642.27 recorded in April 2023 to N4,360.69 in May 2023. This is contained in the Bureau’s “Cooking Gas Price Watch” for May 2023…
Despite improvement recorded by the power sector in Q1, 2023, the number of customers on estimated billing continued to rise showing huge deficit in the metering sector. According to the National Bureau of Statistics (NBS), Electricity Report for Q1 2023,…
