Buhari Pushes For ECOWAS Single Currency By 2020 President Muhammadu Buhari has told West African countries to intensify effort towards achieving a single currency in the sub-region by year 2020. He gave the charge at the West African Monetary Zone 2018 mid-year statutory meetings held in...

Nigerians Paid More For Petrol, Kerosene In August - NBS Many Nigerians paid more for petroleum products, including Premium Motor Spirit (petrol) and household kerosene, last month, according to data from the National Bureau of Statistics. The average price paid by consumers for petrol increased by...

Merchandise Trade Decreased By N641bn In Q2 — NBS The National Bureau of Statistics on Thursday released the country’s merchandise trade report for the second quarter of the year, with trade dropping by N641bn from N7.21tn in the first quarter to N6.56tn. The bureau, in the...

Uncertainties, Political Tensions May Cripple Investment In Nigeria’s Oil Sector Stakeholders in the oil and gas, and investment sectors have said growing socio-economic uncertainties and political instability could further quash inflow of investment into the country.The experts, who reacted to the declining level of investment...

Mobile Payments Record 4.1% Increase In 3months From April to June, a total of 20.7 million transactions were carried out in the country through the mobile payment platforms. Data from the National Bureau of Statistics (NBS) for quarter two put the value of these transactions at...

Inflation Down to 11.23% in June Data and reports reaching Economic Confidential as released by Nigeria’s National Bureau of Statistics (NBS) indicate that the Consumer Price Index (CPI), which measures inflation, increased by 11.23 percent (year-on-year) in June 2018. This was 0.37 percent points less than...