…Eyes 15% year-on-year investment in telecom sector, 100% growth in revenue The Federal Government has revealed that it is targeting 22 percent contribution from the telecom sector to Nigeria’s Gross Domestic Product (GDP). Earlier, the sector in Nigeria in the…
The prices of various food items, including beef, tomatoes, beans, garri, and yam, have risen in August, according National Bureau of Statistics (NBS). NBS released its Selected Food Prices Watch report for August 2023 in Abuja, revealing the increase. In…
Nigeria’s revenue from postal services dropped by 17.05 per cent to N3.01 billion in 2022 from N3.63 billion in the previous year. The National Bureau of Statistics’ latest Postal Service Data 2022 disclosed this on Monday. According to the report,…
The number of electricity consumers rose by 200,000 from 11.27 million in the first quarter of 2023 to 11,47 million in the second quarter of the year. The National Bureau of Statistics (NBS) stated in its Nigeria’s electricity report for…
Statistics by the National Bureau of Statistics, (NBS) states that the Nigeria’s Company Income Tax (CIT) for Q2 2023 on the aggregate grew by 226.40 per cent to N1.53 trillion. The NBS noted that the growth is an indication a…
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…
