Nigeria’s Inflation Declines by 1.23% in August – NBS The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate further declined to 32.15 per cent in August 2024. The NBS said this in its Consumer Price Index (CPI) and Inflation Report for August 2024, which...

N6.95trn Trade Surplus: New Era of Prosperity Beckons - Tinubu President Bola Tinubu has welcomed the National Bureau of Statistics (NBS) 's new report on the country’s trade balance. According to the report, Nigeria recorded another trade surplus in the second quarter of 2024, hitting N6.95...

FG Unveils Strategy to Generate $100bn from Creative Economy The Federal Government has unveiled details of its strategic plans to generate at least $100bn and create over two million jobs from Nigeria’s creative economy yearly. The Minister of Art, Culture and the Creative Economy, Hannatu Musawa,...

Nigeria’s Trade Surplus Hits 7% to N6.9tn in Q2 - Report Nigerian foreign exchange earnings grew in the second quarter of 2024 based on strong export performance as the foreign trade surplus increased to N6.95tn. A trade surplus is an economic measure of a positive balance...

Crude Oil Exports Rise 75% to N14.56tn in Q2 - NBS  The Nigeria Bureau of Statistics says crude oil exports contributed N14.56 trillion to the country’s total exports in the second quarter of the year, making up 74.98 per cent of the total export value. The...

DisCos’ Revenue Rises by 40% to N433bn   Revenues earned by electricity Distribution Companies (Discos) in Nigeria in the second quarter of 2024, spanning April to June, rose almost 40 per cent to N433 billion during the period, on the back of the recent tariff increase...