NBS

Explainer: Nigeria’s CPI Rebasing: Methodology, Significance, and Key Findings

Explainer: Nigeria’s CPI Rebasing: Methodology, Significance, and Key Findings

The Consumer Price Index (CPI) is a critical economic measure that tracks changes in household spending on goods and services.… Read More

2 months ago

Nigeria’s Inflation hits 34.80%, Food Inflation 39.84%

The National Bureau of Statistics (NBS) of Nigeria has recently relaunched its official website, with the release its Consumer Price… Read More

3 months ago

NBS website hack raises cybersecurity concerns

The National Bureau of Statistics (NBS), Nigeria’s foremost data agency, is grappling with the aftermath of a cyberattack that has… Read More

3 months ago

NBS to rebase Nigeria’s GDP and CPI to reflect economic accuracy and structural changes

The National Bureau of Statistics (NBS) of Nigeria in collaboration with the Nigerian Economic Summit Group (NESG), disclosed plans to… Read More

4 months ago

Why Nigeria is Rebasing its GDP and CPI

The National Bureau of Statistics (NBS) has announced it will rebase Nigeria’s GDP and CPI in November, aiming to provide… Read More

6 months ago

1,471 killed, 8,659 injured in 2,662 road accidents in Q1 2024 – FRSC, NBS

Key Points Total road traffic accidents: 2,662 (decrease of 2.02 per cent from previous quarter) Serious cases: 1,715; Fatal cases:… Read More

10 months ago

Nigerian capital importation surges by 198% in Q1 2024, Stanbic IBTC leading channel

Key Points Nigerian capital importation in Q1 2024 was $3,376.01 million. This marks a 198.06% increase from US$1,132.65 million in… Read More

10 months ago

VAT collection surged by 101.65% year-on-year in Q1 2024 – NBS

The National Bureau of Statistics (NBS), in collaboration with the Federal Inland Revenue Service (FIRS), has reported a substantial increase… Read More

11 months ago

Early Harvest Pushes Down Food inflation

The National Bureau of Statistics (NBS) on Wednesday published the August Inflation data that revealed inflation rose by 17.01% y/y,… Read More

4 years ago

The significance of the second quarter GDP numbers

…whichever your preferred cause, “generally slower pace of economic activities at the start of the year”, or “seasonality”, the significance… Read More

4 years ago

VAT Earnings Jump 29 percent in Q3 2020

Nigeria generated N424.71 billion in value added tax for third quarter 2020 (Q3 2020), a report by the nation’s statistics… Read More

4 years ago

Food Inflation Lowest In Ondo State – Nigeria Bureau of Statistics

“In September 2020, food inflation on a year on year basis was highest in Zamfara (20.94%), Kogi (19.06%) and Plateau/Yobe(18.90%),while… Read More

5 years ago