Nigeria’s Inflation Rate Hits 34.8% Amid Festive Season Demand
Nigeria's headline inflation rate has risen to 34.80% in December 2024, up from 34.60% in November 2024, according to the National Bureau of Statistics (NBS). The increase is attributed to…
BREAKING: Nigeria Inflation Rises from 21.82%
Nigeria's inflation rate has risen from 21.82% in January to 21.91% in March 2023. This demonstrated a 0.09% point increase, according to a recent Consumer Price Index report by the…
NBS Reports 87.1% Increase In Petrol Price In November 2024
The National Bureau of Statistics (NBS) reports that the average retail price of petrol increased by 87.10% from N648.93 in November 2023 to N1,214.17 in November 2024. The NBS also…
28 States Fail To Attract Foreign Investment Into Nigeria
Twenty-eight Nigerian states have failed to attract foreign investment in the first quarter of 2023, the National Bureau of Statistics (NBS) revealed. Daily Report Nigeria reports that NBS said Nigeria's…
NBS Reveals States With Highest Cooking Gas Prices In Nigeria
NBS has reported that Taraba, Lagos, and Benue have the highest prices for liquefied petroleum gas (LPG) in Nigeria. The average price of 5kg of LPG increased by 44.62% to…
NBS Reveals IGR Generated By 36 States, FCT in 2022
The National Bureau of Statistics, NBS has disclosed that the 36 states and the Federal Capital Territory generated N1.925 trillion as Internally Generated Revenue in 2022. The Statistics body revealed…
Nigeria’s Petrol Imports Surge 105% To N15.42tn In 2024 – NBS
Nigeria's petrol imports surged by 105.3% to N15.42tn in 2024, despite increased domestic refining capacity. The country's petrol import bill has steadily risen over the past five years. Local refineries,…
NBS Reveals Three States With Highest Inflation Rate
Kogi, Rivers and Lagos have been revealed as Nigeria states with the highest all-items inflation rate in October 2023. The National Bureau of Statistics, NBS, Consumer Price Index, CPI, report…
Imported Petrol Landing Cost Drops To N797.66/Litre
The landing cost of imported Premium Motor Spirit (petrol) has dropped to N797.66 per litre. The drop in landing cost is attributed to a price reduction at the Dangote refinery,…