nbs

Nigeria’s headline inflation has risen to 18.55 per cent its highest in more than 11 years, as World Bank predicted the country will get out of recession and grow its Gross Domestic Product by one per cent in 2017. In its January 2017 Global Economic Prospects report released on January 11, the...

Mavrodi Mondial Moneybox (MMM) known as MMM Nigeria has been ranked as the most recent visited site in the country by the California-based company, Alex Internet. Alexa provides analytical insights to benchmark, compare and optimize businesses through ranking on its platform. The scheme which...

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...

Nigerian Naira gained on Monday morning advancing 0.4% to 320.95 to the United States Dollar at the inter-bank market. The Naira-dollar 3 month non-deliverable forwards jumped to -0.1% to 350 per United States Dollar The Ghanian Cedi on the hand, falls 0.1% to 3.95 to a United States Dollar...

The NBS released its 2016 First Quarter Balance of Trade report, which showed that Nigeria had a negative trade balance of N184.1 billion. This will be the first time the country will be recording a negative trade balance since data collection began in 2008. Trade balance, which is also known...

Nigerian inflation accelerated for a sixth consecutive month in April which stood at 13.7% and at the highest pace since August 2010. According to the Bureau, the Headline index increased by 13.7% (year-on-year), roughly 0.9% points higher from rates recorded in March (12.8%). The higher rate...

The National Bureau of Statistics, NBS, has identified the eleven states with an improved records of internal revenue in 2015. Details of the performances of respective states showed that: Ogun State’s IGR records were adjudged best, with a 49.42 per cent increase, almost doubling the N17.5bn...

Nigeria’s yearly inflation rose to 12.8% last month from 11.4% in February, even as growth projections of the economy remain gloomy. According to the National Bureau of Statistics (NBS): “The higher price level was reflected in faster increases across all divisions,” adding that it is expecting...

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...