In July, Lending, Savings Rates Hit 22.14% – Report   The gap between the maximum lending rate and savings deposit rate in the banking sector widened by 22.14 per cent in July. Banks savings deposit rate rose slightly to 5.24 per cent in July from 5.18 per...

Water Transportation Fare Increases By 45%, According To NBS   The average fare paid for water transport in June 2023 rose to N1,366.22, a 44.84 per cent rise from N943.26 in June 2022, the National Bureau of Statistics (NBS) has disclosed in its latest report. The NBS...

Domestic Airfares Hit 40% High In 12 Months – NBS   Nigeria’s domestic air travel expenses have skyrocketed by 40 per cent from June 2022 to June 2023. The National Bureau of Statistics (NBS) data disclosed this in its recent Transport Fare Watch report for June 2023. The...

In One Month, Transportation Cost Increased By 98% – NBS   The average cost of bus transportation within Nigerian cities rose from N649.59 in May 2023 to N1,285.41 in June 2023 as the pump price of Premium Motor Spirit rose, according to the National Bureau of...

FG Spent $1.1bn On Foreign Debt Service   As Nigeria continues to grapple with economic challenges, it has emerged that the federal government spent $1.169 billion to service its debt obligation from January to June 2023. According to the export and international payment data released by the...

28 States Attracted No Foreign Investment In Q1 - NBS   28 states failed to attract capital importation in the first quarter of 2023, according to the new Foreign Direct Investment data released by the National Bureau of Statistics (NBS). Out of the 36 states and the...