The Nigerian Bureau of Statistics revealed that Nigerians paid approximately N721 billion in bribes to public officials in 2023. The report highlights the prevalence and distribution of bribery across different sectors and underscores the ongoing challenges in combating corruption within the...
Nigeria’s Gross Domestic Product (GDP) grew by 1.5 per cent year-on-year in real terms to N16.58 trillion in the second quarter of 2018, showing that the domestic economy expanded for the fifth consecutive quarter.
Growth in Q2 2018 was 0.79 per cent higher when compared to the second …...
Credit facilities allocated to the private sector by Nigerian banks declined by 1.69 percent to N15.34 trillion in the second quarter (Q2) of 2018 from N15.60 trillion in Q2 2017 as shown in the most recent Nigerian Bureau of Statistics (NBS) report.
The …
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The National Bureau of Statistics (NBS) said that the country’s inflation as measured by Consumer Price Index (CPI) further dropped to 16.05 per cent in July from 16.10 per cent in June.
The NBS made this known in its CPI July 2017 report released on Monday in Abuja.
According to the bureau...
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Nigerian Inflation rate fell for the second time in 16 months, showing the early effects of Central Bank intervention on the currency market to meet demand for dollars.
Year-on-year headline inflation dropped to 17.26 percent in March 2017 from 17.78 percent in February 2017 but month-on-month...
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Commodity prices of essential commodities became increasingly un-affordable for Nigerians, as the inflation rate rose for the 15th consecutive month to 18.72 per cent in January, 2017.
The commodities like bread, meat, fish, oil, yam and others have driven principally by the impact of Naira...
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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...
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