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...

The National Bureau of Statistics (NBS), on Monday, announced that Nigeria’s headline inflation rate has dropped to 22.97 percent.

Petrol Price Rises 76% in One Year – NBS The National Bureau of Statistics has revealed that the average pump price of Premium Motor Spirit, also known as petrol, surged by 76.73 per cent year-on-year to N1,239.33 per litre in April 2025. This represents a sharp...

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate slightly dropped to 23.71 percent in April 2025 – down from the 24.23 percent in March.

NBS Launches Crowd-sourced Data to Boost Real Time Tracking The National Bureau of Statistics (NBS) has announced the launch of a data centre for prices of food commodities. A statement by NBS Head of Public Relations, Folorunso Alesanmi said the prices are compiled through a groundbreaking...

'Rising Inflation May Halt Interest Rate Reduction'   Members of the Organised Private Sector have expressed fear that the recent uptick in Nigeria’s inflation rate risks shattering initial hopes of a reduced interest rate. According to the National Bureau of Statistics, the country’s headline inflation rose to...