The National Bureau of Statistics (NBS) will on Monday launch Nigeria’s long-anticipated rebased Gross Domestic Product (GDP) report, using 2019 as the new base year.
Nigeria’s inflation rate eased to 22.22% in June 2025, down from 22.97% recorded in May, according to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS).
Nigeria Targets Fiscal Clarity, Investor Appeal in GDP Rebase
Nigeria is preparing to release its rebased Gross Domestic Product (GDP) figures in 2025 for the first time in more than a decade, which analysts say could catalyse investment and improve its attractiveness to investors, development...
The Other Side of Nigeria's Economic Story
By Hanniel Sebatie Noboh
On paper, Nigeria is booming. The World Bank says the economy is growing. The GDP has bounced back from its pandemic dip, about five years ago. Reports from the National Bureau of Statistics look positive,...
NBS Reports 29% Surge in Farm Produce Costs
The National Bureau of Statistics (NBS) has reported a 28.98 per cent rise in the average cost of farm produce between January and May 2025, signalling a deepening crisis in Nigeria’s agricultural sector.
According to the NBS, the...
Nigeria Imports N1.2tn Crude Amid Supply Challenges
Nigeria imported N1.19 trillion worth of crude oil in the first quarter of 2025 due to insufficient local production, despite being the continent’s leading oil producer.
The National Bureau of Statistics disclosed this in its latest Foreign Trade in...
