How Inflation Impoverishes Nigerians - NBS     The National Bureau of Statistics (NBS) has validated a World Bank’s report which stated that not less than seven million Nigerians were thrown into poverty in 2020 due to the adverse impact of rising inflation. Head, Public Affairs and International...

Beans, Garri Prices Drove Annual Food Inflation       The prices of beans and garri drove annual food inflation in May, the National Bureau of Statistic has said in a new report. The ‘Selected food prices watch for May 2021’ report obtained on Sunday said there was a...

Nigeria’s Foreign Trade Rises To N9.76trn In Q1, Records N3.94trn Deficit       Nigeria’s total merchandise trade increased to N9.76 trillion in the first quarter of the year, representing 6.99 per cent rise over the N9.12 trillion in the preceding quarter, the National Bureau of Statistics (NBS)...

Food Prices Rose In April Despite Fall In Inflation       The prices paid by consumers for rice, egg, tomatoes and yam rose in April despite 0.91 month-on-month (MoM) fall in food inflation sub-index during the period. Similarly, transport fare for bus, air, motorcycle and waterway journeys increased...

Air Transport’s Contribution To GDP Drops By 11.8% - NBS       Air transport’s contribution to Gross Domestic Product for the first quarter of 2021 sunk by 11.78 per cent. A quarterly report published by the National Bureau of Statistics on Sunday showed that air transport under services...

FG Revenue From Drink Makers Rose To N23bn – NBS       The Company Income Tax paid by breweries, bottling and beverages companies rose by 329.48 per cent in the first quarter of the year, a report by the National Bureau of Statistics has shown. The CIT is...