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Business Nigeria's GDP Slows By 0.52% In 2017 Q1, Edges Out Of Recession
Nigerian economy contracted by 0.52 per cent year-on-year for the first quarter of 2017, but much better 1.21 per cent than deeper -1.73 per cent recorded in fourth quarter of 2016. The National Bureau of Statistics (NBS), stated this in first quarter 2017 Gross Domestic Product (GDP) report...- ProfRem
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Business Nigeria: Price of Rice Falls in April - NBS
The National Bureau of Statistics said the average price of imported rice decreased by 6.72 per cent, as one kilogramme was sold for N250.30 in April from N418.71 in March. The NBS stated this in its“Selected Food Price watch data for April 2017” released on Tuesday in Abuja. It, however...- ProfRem
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Business Nigeria: Kerosene Price Fell By 12% In March
The average price per litre of household kerosene in March was lower by 11.59 per cent at N311.56k compared with N352.42k in February, the National Bureau of Statistics said. The “National Household Kerosene Price Watch (March 2017)’’ in the Consumer Price Index for the month, released in Abuja...- ProfRem
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Business Nigeria’s Economy Contracted By 1.5% In 2016 - NBS
Nigeria’s gross domestic product contracted by 1.51 percent in 2016, the National Bureau of Statistics said on Tuesday. Africa’s largest economy slid into recession for the first time in 25 years in the second quarter of 2016 as a slump in crude prices and attacks on oil installations in the...- ProfRem
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Business Nigeria: More Trouble As Economy Shrinks 2.24% in Q3
More headache for President Muhammadu Buhari-led federal government as Nigerian economy continued to languish in recession in the third quarter as its shrank 2.24 per cent compared to the same three months in 2015. This was a further deterioration on the 2.06 per cent contraction in the second...- ProfRem
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Business Nigeria: Oil Marketers Increase Price of Kerosene By 52%
Oil marketers across the country have refused to abide by the N150 per litre price for household kerosene as approved by the Nigerian National Petroleum Corporation. The NNPC had on several occasions stated that marketers should dispense kerosene at N150 per litre to their various customers but...- ProfRem
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Business National Bureau of Statistics Is Broke, GDP Data Delayed [Nairametrics]
As Nigerians and international communities are waiting for Nigeria’s second quarter GDP data, Nairametrics has gathered that the Bureau lacks cash to mobilize operatives to help collected the data required to conduct GDP data. According to Nairametrics, the Bureau has not been funded since...- ProfRem
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Business Nigeria: See February 2016 Inflation Rate in Infographics
Nigeria's annual consumer inflation rate in February rose to 11.4 percent, 176 basis points higher than in January, to near a three-and-a-half year high, data from the National Bureau of Statistics (NBS) revealed. Food prices, which account for the bulk of the inflation basket, climbed by 11.3...- ProfRem
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