I don't Understand How NBS Get Their Inflation Figures - Buhari   President Muhammadu Buhari has expressed doubt on the credibility and accuracy of the routine inflation figures released by the National Bureau of Statistics (NBS). Speaking in the Channels TV interview aired on Wednesday night, the...

FG Trades N72.4bn Solid Minerals In Q3, 2021   The National Bureau of Statistics (NBS) has said Nigeria traded a total of N72.4 billion solid minerals in the third quarter (Q3) of 2021. “The total value of solid minerals trade in Q3 2021 stood at N72.4 billion,”...

Nigeria Spends N1.5trn On Raw Materials Imports In Six Months   Nigeria imported raw materials worth N1.51 trillion in the first six months of 2021 (H1 2021). A breakdown in the Foreign Trade Statistics of the National Bureau of Statistics (NBS) revealed that importation of raw materials...

States Generate N751.17bn From Road Tax, Others In Three Years     The 36 states of the federation earned N751.17bn from road tax, direct assessment, and other taxes in three years, according to data collated from the National Bureau of Statistics. According to the NBS, direct assessment refers...

Agric Sector Records N1.7rn Trade Deficit In Nine Months   The agricultural sector recorded a trade deficit of N1.7tn between January and September this year, as exports stood at N371.8bn while imports rose to N2.1tn. The latest National Bureau of Statistics’ foreign trade report showed that the...

Non-oil Exports Rise By 205%, Hit N942bn In Five Years     Nigeria’s non-oil exports rose from N458.6bn recorded between January and September 2017 to N1.4tn within the same period of 2021, according to an analysis of data from the National Bureau of Statistics. This means that within...