Rubber Imports Increase by 106% Shrinking local rubber production has forced imports to jump by 106 percent in 10 years. Data from the National Bureau of Statistics (NBS) shows that Nigeria imported N631.1 billion worth of rubber in 2013. But this has jumped by N1.3 trillion...

Nigeria’s Exports to ECOWAS Now N1.5trn – NBS   Nigeria's trade with ECOWAS countries reached new heights in Q3 2024, with exports valued at N1.54trn, according to the National Bureau of Statistics (NBS). Data from the bureau also showed that Nigeria’s imports stood at just N82bn. The report...

Inflation Increases to 34.60% in November – NBS Nigeria’s headline inflation increased to 34.60 percent in November, the National Bureau of Statistics (NBS), has stated. A report by the bureau said the headline inflation rate showed an increase of 0.72% points, compared to the 33.88 percent...

NRC Generates N1.70bn in Q3 The Nigerian Railway Corporation (NRC) generated N1.70bn from passengers in the third quarter of 2024, an increase of 13.83% from the N1.49bn billion recorded in the same period last year. A report by the National Bureau of Statistics (NBS) said the...

Nigeria Exports N181.62bn Electricity in 9 months - NBS Nigeria exported N181.62bn worth of electricity from January to September of 2024, analysis of data from the National Bureau of Statistics (NBS) has shown. A breakdown showed that N58.65bn was exported to Togo, Benin and Niger Republic...

NITDA Accuses X, TikTok of Tax Non-Compliance in Nigeria The National Information Technology Development Agency (NITDA) has identified social media platforms X (formerly Twitter) and TikTok for failing to comply with tax filing requirements set forth in accordance with Nigeria's Regulatory framework. In a report obtained...