Oil Sector Draws $5m Foreign Investment in Q2 Efforts of the government to bring in investors to Nigeria’s oil and gas sector appear not to have yielded the desired result as the sector only attracted $5m foreign investment in the second quarter of the year,...

NBS Reports 5kg Cooking Gas Price Hike to N6,699 in September The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from ₦6,430.02 recorded in August to N6,699.63 in September 2024. The NBS revealed this in its newly published report...

Nigeria’s Inflation Rate Rises to 32.7%  The National Bureau of Statistics (NBS) says the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 32.7 percent in September. This is the first increase in three months after the...

26 States Attract Zero Investments in One Year – NBS A report by the National Bureau of Statistics (NBS) has revealed that 26 out of the 36 states in the country did not receive any form of foreign investments over a one year period. The bureau...

Discos Revenue Rise by 61.4% After 230% Electricity Tariff Hike   Revenues earned by electricity Distribution Companies (Discos) in Nigeria have risen by over 61.4 per cent after the Nigerian Electricity Regulatory Commission (NERC) approved a 230 per cent tariff increase for Band ‘A’ customers nationwide...

Cost of Healthy Diet Rises by 28%, NBS Reports The rising cost of maintaining a healthy diet has put a strain on many Nigerians, as the average daily cost of a healthy diet in the country reached N1,255 per adult in August 2024, according to...