Why June Inflation Figure Drop Below Expectation – NBS   The National Bureau of Statistics (NBS) has stated that the inflation figure released for the month of June did not reflect the anticipated rise by experts as the market survey used to calculate the indices stopped...

Subsidy Removal, Naira Depreciation Push Inflation To 22.79%   Nigeria’s inflation rate rose further to 22.79 per cent Year-on-Year (YoY) in June 2023 from 22.41 per cent previous month of May. But analysts appear surprised that the increase was moderate, beating their projections at the backdrop of...

Capital Importation Into Nigeria Fall By 28% In Q1, 2023   National Bureau of Statistics (NBS), yesterday, said total capital importation into Nigeria in Q1 2023 stood at $1,132.65 million, lower than $1,573.14 million recorded in Q1 2022, indicating a 28.00 per cent drop. When compared to...

Airfare Increases By 34.06% In One Year - NBS   From May, last year, airfare paid by air passengers for a single journey rose by 34.06 per cent from N55,906.86 to N74,948.78 in May 2023. The National Bureau of Statistics (NBS) made this known yesterday in its...

Inflation: Prices Of Yam, Beef Rise By 22.8%, 24.9% — NBS   The National Bureau of Statistics (NBS) yesterday said that the prices of beef and Yam rose up by 24.9 per cent and 22.8 per cent Year-on-Year, YoY respectively in May, reflecting the continued increase...

Fed Govt Targets N12bn From New Vehicle Tax   The Federal Government is set to make about N12bn a year from the N1,000 Proof of Ownership Certificate verification fee motorists are to pay. Last week, the Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola, disclosed this. He...