NBS: Inflation Rises 16.82%, Exceeds IMF’s 2022 Projection The National Bureau of Statistics latest report indicates that the Consumer Price Index rose to 16.82 per cent in April from 15.92 per cent in March. The NBS disclosed this in its ‘Consumer Price Index April 2022’ report...

NBS: Nigeria's GDP Increases By 3.4% In 2021  The National Bureau of Statistics (NBS), says that Nigeria’s Gross Domestic Product (GDP) increased by 4.03 per cent in the third quarter of 2021. According to NBS report, in the third quarter of 2021, Nigeria’s real GDP at...

Nigerian Paper Mills Collapse, Imports Hit N297bn In Six Months   Nigerian paper mills have collapsed years after privatisation, forcing the economy to depend on imported paper for its needs. According to data from the National Bureau of Statistics data, Nigeria imported paper and its allied products...

JUST IN: Statistician-General Of The Federation Is Dead   The Statistician-General of the Federation, Simon Harry, is dead. His death was confirmed to our correspondent by the Director, Communication and Public Relations Department, Ichedi Joel, on Wednesday, in Abuja. Joel said, “It is not a rumor anymore,...

Nigeria’s Non-oil Exports Decline By 39%   Nigeria’s non-oil exports have fallen by 39 per cent from N6.914tn to N4.194tn in10 years, according to an analysis of the National Bureau of Statistics’ Foreign Trade Statistics. Specifically, figures show that the N4.194tn non-oil exports recorded in 2021 is...

Despite Forex Shortage, Nigeria’s Imports Increase By N12.11trn   According to the Central Bank of Nigeria (CBN) and the National Bureau of Statistics (NBS) data, Between 2016 and 2021 Nigeria’s import bill rose from N8.73trn to of N20.84trn. This implies that within the five-year period, imports...