Inflation: NGX Trading Dips as Investors Loss N166bn The Nigerian Stock Exchange on Tuesday recorded a significant dip as investors lost N166bn in market value, following the drop in Nigeria’s headline inflation to 24.48 per cent in January 2025. The latest inflation figure, announced by the...

Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025. This is a sharp decline from the 34.80 per cent.

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...