Nigeria Spends N2.07trn On Fuel Import In 9 Months Nigeria spent N2.068 trillion on the importation of petroleum products within a nine-month period, from January to September 2017, rising by 14.32 per cent from N1.809 trillion recorded in the same period in 2016. According to data...

Inflation Rate Drops 15.90% In November 2017 Nigeria’s inflation rate has dropped to 15.90 per cent in November from 15.91 recorded in October. The National Bureau of Statistics (NBS) stated this in its latest report released in Abuja and made available to Economic Confidential. “The last...

Nigeria Spends N43tr On Food Imports Minister of Science and Technology, Ogbonnaya Onu, said, the National Bureau of Statistics has said that the country spent N43 trillion for the importations of goods between 2010 to 2016. Speaking at the 15th National Council of Science and Technology...

Capital import doubles to $4.15bn in Q3 - NBS The capital importation into Nigeria in the third quarter of this year recorded a substantial increase compared to the past few quarters, as the economy continued to recover from recession. The capital importation data released by the...

The National Bureau of Statistics released the Value Added Tax sectoral distribution report for the third quarter of this year with the country recording a total VAT revenue of N250.56bn. When compared with the N246.3bn VAT revenue that was generated in the second quarter of...

Although the second quarter report of the National Bureau of Statistics showed that Nigeria had exited recession, several challenges remain at different levels of government, the World Bank has warned. In a report released in Abuja on Wednesday, the World Bank pointed out some of...