ALTON: NBS data undercounts telecom investment
By Progress Godfrey ABUJA — The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has argued that the National Bureau of Statistics (NBS) Capital Importation Report for the first quarter of 2026 does not fully reflect the level of investment in the telecommunications sector. In a statement signed by ALTON Chairman, Gbenga Adebayo, and Publicity […]
Nigeria’s total trade for Q2 2024 stood at N31.892bn – NBS
The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stood at N31,892.46 billion in the second quarter of 2024.
Nigeria’s trade surplus increases by 33% to N6.95trn in Q2 2024
According to the National Bureau of Statistics (NBS), Nigeria’s trade surplus rose by 33% quarter-on-quarter (QoQ) to N6.95 trillion in the second quarter of 2024 (Q2’24).
ICT’s contribution to Nigeria’s real GDP hits 19.78% in Q2 2024 — NBS
By Juliet Umeh The Information and Communications Technology, ICT, sector added 19.78 per cent growth to Nigeria’s real Gross Domestic Product, GDP in Q2 2024, according to the National Bureau of Statistics, NBS. This shows a marginal increase in contribution, compared to the 19.54 per cent recorded in the same period last year. On quarter-on-quarter, […]
Nigeria’s GDP rises to 3.19% in Q2’24 – NBS
Nigeria’s real Gross Domestic Product, GDP, grew by 0.21 percentage points to 3.19 percent in the second quarter of 2024 (Q2’24) from 2.98 percent in Q1’24.
Cost of healthy diet stands at N1,035 in April – NBS
The National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N1,035 as of April, the National Bureau of Statistics (NBS) has said.
Cost of healthy diet stood at N938 in February – NBS
The National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N938 in February 2024, the National Bureau of Statistics (NBS) said in a report.
Oil-producing states 13% derivative fund climbs N85 billion in February — NBS
The development comes following data from NBS, where it said the Federation Account Allocation Committee (FAAC), disbursed the sum of N2.07 trn to the three tiers of government in February 2024 from the total revenue generated in January 2024.
11.94 billion litres of petrol imported in first half 2023 – NBS
The NBS stated this in its Petroleum Products Distribution Statistics for Half Year 2023, released in Abuja on Wednesday.
92% of Nigerian workers are in informal employment — NBS
A survey by the National Bureau of Statistics, NBS, has shown that about 92.3 percent of workers in Nigeria are in informal employment as at third quarter 2023, Q3’23.
Nigeria’s unemployment rate rises by 0.8 per cent in Q3 2023 – NBS
Nigeria’s unemployment significantly rose in the third quarter of 2023 by 0.8% from the second quarter 2023, the National Bureau of Statistics (NBS) has said.
N1.49bn generated from train services in Q3 2023 – NBS
The Nigerian Railway Corporation generated N1.49 billion in revenue from passengers in Q3 of 2023, the National Bureau of Statistics (NBS) has said.
Food prices rose in December 2023 – NBS
The National Bureau of Statistics (NBS) said prices of beef, rice, beans, onions, tomatoes, and other food items increased in December 2023.
Nigeria inflation rose to 28.20% in November – NBS
Nigeria’s annual inflation rose to 28.20% in November from 27.33% in October, the National Bureau of Statistics has said.
Cautious optimism trails Q3’GDP figures …
The Nigerian Bureau of Statistics, NBS, released the third quarter 2023 Gross Domestic Product, GDP, data during the weekend and economy analysts are giving some measured appraisal indicating there may be slight hope of recovery in the near terms, though the GDP figures were not so positive.
NBS must be protected from political interference – Rep
The House Committee Chairman on National Planning and Economic Affairs, Isiaka Ibrahim, says the National Bureau of Statistics, (NBS), needs to be insulated from political interference to perform more effectively.
