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Maritime Exports Outpace Imports by 39% in 2024 – NBS

Maritime Exports Outpace Imports by 39% in 2024 - NBS   Goods exported via maritime transport exceeded imports in the same category by 39.76 per cent in 2024, a sharp deviation from other modes of foreign trade transport. This highlights the fact that importers avoided delay...

Inflation Dropped to 23.18% in February – NBS

The National Bureau of Statistics (NBS), in its latest report released on Monday, said the country’s headline inflation rate dropped to 23.18 per cent.

NBS Reveals Why Vehicle Import Declined in 2024

Nigerians imported fewer passenger motor cars in 2024 as rising inflation and the continued naira depreciation.

Petrol Imports Increase by 105% – NBS

Nigeria’s petrol imports surged in 2024, doubling despite an increase in domestic refining capacity, highlighting the country’s continued reliance on imported fuel.

Nigeria’s Agric Growth Declines as Food Insecurity Lingers – Report 

Nigeria's Agric Growth Declines as Food Insecurity Lingers - Report  The National Bureau of Statistics (NBS) data analysis has revealed that agriculture sector growth slowed to 1.76 percent in 2024, hitting a five-year low in blow for Nigeria’s food security drive. NBS showed that Nigeria’s agriculture...

Nigeria, Brazil Sign $4.3bn MoU to boost Fertiliser Production

Nigeria’s Vice President, Kashim Shettima, has stated that the federal government recently signed a $4.3 billion memorandum of understanding with Brazil targeted at boosting fertiliser production and food security across the country.