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Nigeria’s GDP Up 1.4 Percent

The Presidency yesterday described as a welcome development the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics, with oil, agriculture and industrial sectors leading the growth. The Senior Special Assistant to the President on Media and Publicity (Office of the...

Presidency Welcomes New GDP Figures

... Says Nigerian Economy Continues to Improve Steadily with Rise in Q3 Figures  In a clear indication of ongoing progress, the Nigerian economy has improved further, according to the latest GDP figures just released by the National Bureau of Statistics, with oil, agriculture and industrial...

Nigeria’s Inflation Rate Now 15.91%

Nigeria’s inflation rate has dropped to 15.91 per cent in October from 15.98 recorded in September. The National Bureau of Statistics (NBS) stated this in its latest report released in Abuja and made available to Economic Confidential. "The CPI, which measured inflation, increased by 15.91 per...

30 States Generate N516bn, Spend N1.4trn On Wages

Thirty states of the federation generate a cumulative internal revenue just enough to settle one-third of their workers’ salaries and allowances, Daily Trust investigations have shown. Analysis of official data published by the National Bureau of Statistics (NBS) revealed that in 2016, the 30 states...

Capital Importation: Nigeria Records $1.792 billion in Q2 2017

The total value of capital imported into Nigeria in the second quarter of 2017 was estimated to be $1,792.3 million, the National Bureau of Statistics(NBS) in its latest report has said. In the report, the figure was $884.1 million more than the figure recorded in...

Nigeria’s economy attracts N305bn investment in two months

Despite the challenges facing the country, the Nigerian economy attracted investments worth $1bn (about N305bn) in the first two months of this year. The Statistician-General of the Federation and Chief Executive, National Bureau of Statistics, Dr. Yemi Kale, confirmed this to our correspondent in an...