NBS Reports 5kg Cooking Gas Price Hike to N6,699 in September The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from ₦6,430.02 recorded in August to N6,699.63 in September 2024. The NBS revealed this in its newly published report...

Nigeria’s Foreign Reserves Rose to $39bn in October – Cardoso The governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, says the country’s foreign reserves rose by 12.74 percent to $39.12 billion as of October 11. Cardoso spoke on Tuesday when he appeared before the house...

Nigeria's Capital Spending Decreases by 25.3% – CBN Nigeria’s capital expenditure for the first half of 2024 has declined by 25.3 per cent to N1.99tn, down from N2.68tn in the corresponding period last year. It was observed that this decline occurred despite the government operating four...

Nigeria’s Inflation Rate Rises to 32.7%  The National Bureau of Statistics (NBS) says the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 32.7 percent in September. This is the first increase in three months after the...

26 States Attract Zero Investments in One Year – NBS A report by the National Bureau of Statistics (NBS) has revealed that 26 out of the 36 states in the country did not receive any form of foreign investments over a one year period. The bureau...

Nigeria’s Debt Servicing Surges to N6tn – CBN Latest data from the Central Bank of Nigeria (CBN) shows that the country's debt servicing expenses reached N6.04tn in the first half of 2024. This indicates an increase of 68.8 per cent from the N3.58tn recorded during the...