Diesel Price Rises To N250/litre       The price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with businesses taking a beating on the back of rising energy costs. Our correspondent observed that some filling stations in Lagos had...

Cooking Gas, Kerosene Prices Drop In January – NBS       The average price paid by Nigerians for kerosene and cooking gas dropped in January 2021. Separate reports released Tuesday by the National Bureau of Statistics (NBS) showed that Nigerians paid less for the two products in January...

ICT: The Nigeria's Fastest Growing Sector By Inyene Ibanga     The latest data released by NBS shows that the ICT sector of the Nigerian economy grew by 14.70 per cent in the last quarter of 2020 Technology has continued to assert itself as the dominant force in the...

Insurance Sector Contracted By 12.05% In Q4, 2020 – NBS       The insurance sector contracted by 12.05 per cent in the fourth quarter of 2020, latest figures from the National Bureau of Statistics have revealed. Figures obtained from the NBS on the industry’s performance also revealed that...

Foreign Investment In Construction Declines By $8m       The total foreign investment in the construction industry fell by $8.28m to $22m as of the end of 2020 from $30.28m as of the end of 2019. Latest figures obtained from the National Bureau of Statistics on Friday revealed...

FG, W/Bank Begin Process To Rebase Nigeria’s GDP       The Federal Government in collaboration with the World Bank have commenced the process to rebase Nigeria’s Gross Domestic Product. Experts describe GDP as the final value of the goods and services that are produced within a nation’s geographic...