Nigeria GDP Grew By 3.19% In Q2, NBS Says Nigeria’s Gross Domestic Product (GDP) grew by 3.19 percent (year-on-year) in real terms in the second quarter of 2024, according to a latest data from the National Bureau of Statistics (NBS). The growth rate is higher than...

Metered Electricity Consumers Rise 48% to 5.9million – NBS The National Bureau of Statistics has disclosed that the number of metered electricity consumers in Nigeria increased by 48.5 per cent between 2019 and 2024. An analysis of data from the NBS, an agency of the Federal...

Why Nigerian farmers shift to food crops By Salisu Na'inna Dambatta The high cost of living, especially of the food component, as constantly highlighted by the National Bureau of Statistics (NBS) and the experience of breadwinners while buying basic food items, have made many farmers to...

Inflation Rate Drops to 33.4% In July – NBS A newly published report by the National Bureau of Statistics (NBS) has indicated a decline in Nigeria’s headline inflation rate to 33.40 per cent in July 2024 from 34.19 per cent in June 2024. The development marks...

States Receive N39.6bn Ecological Funds in One Year A publication by the National Bureau of Statistics (NBS) shows that Nigeria’s 36 states received N39.62bn as ecological fund allocations from June 2023 to June 2024 from the Federation Account Allocation Committee (FAAC). The ecological fund is a...

Food Importation Gulps $689.88 million in Q1 2024 The import of food products gulped about $689.88 million in the first quarter of 2024, which is about 17% of the total foreign exchange (FX) spending on imports. This is according to the sectoral utilization of foreign exchange...