Nigeria’s Non-Oil Export Records 6.26% Growth – NEPC The Nigerian Export Promotion Council (NEPC) says Nigeria’s non-oil export sector recorded impressive growth in the first half of 2024, generating 2.7 billion dollars in revenue. The Executive Director of NEPC, Nonye Ayeni, said this while presenting a...

Domestic Air Fare Rises By 25% To N98,561 In July The National Bureau of Statistics (NBS) said domestic air fare rose by 25 percent year-on-year (YoY) to N98,561.74 in July 2024 from N78.775.74 in July 2023. The bureau disclosed in its Transport fare watch report for...

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...