Nigeria Records N8.9trn Trade Deficit In Nine Months     Nigeria recorded a negative trade balance of N8.9tn, between January and September, 2021, data from the National Bureau of Statistics have shown. Within this period, total foreign trade stood at N35.09tn, comprising N22tn imports and N13.1tn exports, leading...

Oil Sector GDP Contribution Drops By N270bn In Nine Months   The contribution of crude petroleum and natural gas sector, which is a subsector under the mining and quarrying sector, to Nigeria’s Gross Domestic Product dropped from N2.82tn in the first quarter of 2021 to N2.55tn...

In One Year, Intra-city Transport Fares Jumped By 36.58% – NBS   The average fares paid by commuters within Nigerian cities have climbed by 36.58 per cent year-on-year, according to a new report by the National Bureau of Statistics. The NBS, in its Transport Fare Watch report...

Nigeria Records N18.54trn Real GDP In Q3, 2021   The National Bureau of Statistics (NBS) has said in third quarter (Q3) of 2021, Nigeria recorded N18.54 trillion real Gross Domestic Product (GDP). Besides, the bureau said in the period under review, the country recorded N45.11 trillion nominal...

Despite Rising Prices, Inflation Rate Declines Again     The National Bureau of Statistics on Monday disclosed that the nations’ inflation rate fell to 15.99 per cent in October, from 16.36 in September, according to its Consumer Price Index report. This October figure showed a steady decline in...

Nigeria’s Non-Oil Export Hits N463bn In Q2, 2021     The nation’s non-oil export in the second quarter of 2021 has risen to N462.85 billion according to data from the National Bureau of Statistic (NBS). The data also indicates that Nigeria recorded a N1.87 trillion deficit in trade...