Again, Inflation Rate Rises to 34.8% The National Bureau of Statistics says Nigeria’s inflation rate was 34.80 percent in December, up from 33.60 percent in November. The data is captured in NBS’ consumer price index (CPI) report published on Wednesday. NBS said the headline inflation rate in...

NBS to Include Illicit Drugs Trade, Others in GDP Metrics The National Bureau of Statistics (NBS) has unveiled plans to incorporate proceeds from illicit activities, including drug trafficking, prostitution, and other illegal ventures, into the calculation of the country’s Gross Domestic Product, GDP. The announcement was...

NBS to Launch Rebased GDP Data End of January The National Bureau of Statistics (NBS) has revealed that the details of the newly rebased Gross Domestic Product will be launched at the end of the month. This was disclosed on Thursday at the sensitisation workshop on...

Nigeria Receives $285m Foreign Capital from African Investors, Says NBS The National Bureau of Statistics says African investors contributed a notable $285.11m in foreign capital to Nigeria in the third quarter of 2024. This contribution accounted for 22.76 per cent of the total foreign capital inflow...

Website Hack: Cybersecurity Training to Gulp N35m in 2025 - NBS The National Bureau of Statistics has earmarked N35m in its 2025 budget proposal for “Capacity Building on Cybersecurity and Data Centre Management.” This allocation comes at a critical time as the agency grapples with the...

Rubber Imports Increase by 106% Shrinking local rubber production has forced imports to jump by 106 percent in 10 years. Data from the National Bureau of Statistics (NBS) shows that Nigeria imported N631.1 billion worth of rubber in 2013. But this has jumped by N1.3 trillion...