Nigeria GDP Grew By 3.19% In Q2, NBS Says Nigeria’s Gross Domestic Product (GDP) grew by 3.19 percent (year-on-year) in real terms in the second quarter of 2024, according to a latest data from the National Bureau of Statistics (NBS). The growth rate is higher than...

Inflation Rate Drops to 33.4% In July – NBS A newly published report by the National Bureau of Statistics (NBS) has indicated a decline in Nigeria’s headline inflation rate to 33.40 per cent in July 2024 from 34.19 per cent in June 2024. The development marks...

Nigeria’s Fiscal Deficit Drops 29% Nigeria’s budget deficit has reduced by 29 percent from 2023 as the federal government eyes banks’ realised foreign exchange gains. Data from the latest quarterly statistical bulletin of the Central Bank of Nigeria (CBN) shows that the country’s fiscal deficit fell...

States Receive N39.6bn Ecological Funds in One Year A publication by the National Bureau of Statistics (NBS) shows that Nigeria’s 36 states received N39.62bn as ecological fund allocations from June 2023 to June 2024 from the Federation Account Allocation Committee (FAAC). The ecological fund is a...

PRNigeria FactCheck Clarifies Viral Video of Protesters Mounting Armored Vehicle in Kaduna Authorities in Kaduna have refuted claims that protesters "hijacked" a police armored personnel carrier (APC) during recent demonstrations against poor governance in the state. The viral video in question showed a large group of...

Food Importation Gulps $689.88 million in Q1 2024 The import of food products gulped about $689.88 million in the first quarter of 2024, which is about 17% of the total foreign exchange (FX) spending on imports. This is according to the sectoral utilization of foreign exchange...