Ginger Export Declines 74% to N6.28billion in Nine Months Nigeria's ginger export declined by 74 percent in nine months of 2024 as tuber rot disease ravaged farmlands and ruined output, according to the National Bureau of Statistics report. NBS foreign trade data show that Nigeria’s ginger...

CPI Rebased to Capture Current Market Volatility – NBS The National Bureau of Statistics (NBS) has disclosed that its rebased Consumer Price Index will better reflect current price volatility and provide a clearer understanding of economic trends in Nigeria. According to a press statement on Monday...

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...