HomeFinancialFacts & Figures

Facts & Figures

‘Real Estate, Construction Sectors Contribute N8.9trn To GDP’

'Real Estate, Construction Sectors Contribute N8.9trn To GDP'   The contributions of the real estate and construction sector to Nigeria’s real Gross Domestic Product increased by N8.9trn in the fourth quarter of 2022, according to the latest GDP report released by the National Bureau of Statistics. The...

Insurance Sector Records 12% Growth In Q4, 2022

Insurance Sector Records 12% Growth In Q4, 2022   Nigeria’s insurance industry grew by 12.25 per cent in the fourth quarter of 2022, figures obtained from the National Bureau of Statistics have revealed. According to the NBS report on Nigeria’s Gross Domestic Product for Q4 2022, the...

Nigeria’s GDP Rose by 3.52% In 4th Quarter – NBS

Nigeria’s GDP Rose by 3.52% In 4th Quarter - NBS According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) grew by 3.52 percent in the fourth quarter of 2022. The NBS made this claim in the Nigerian GDP Report for Q4...

Report Reveals Kerosene Soared By 136% To N1,105 In December, 2022

Report Reveals Kerosene Soared By 136% To N1,105 In December, 2022   The average retail price per litre of household kerosene rose by 136 per cent to N1,105 in December 2022 from N468 in the same period of the previous year, the latest data released by...

Bauchi, Ondo, Anambra Top States With Highest Inflation Rates

Bauchi, Ondo, Anambra Top States With Highest Inflation Rates   The National Bureau of Statistics (NBS) has said inflation rate was highest in Bauchi State with 24.79 per cent. According to a document obtained at the weekend, the review of inflation rate between January, last year and...

We Now Spend Above N400bn Monthly on Subsidy – NNPCL

We Now Spend Above N400bn Monthly on Subsidy - NNPCL The Nigerian National Petroleum Company Limited, on Friday, revealed that the amount spent as subsidy on Premium Motor Spirit, popularly called petrol, had crossed N400bn monthly. NNPCL’s Group Chief Executive Officer, Mele Kyari, disclosed this at...