Inflation Increases to 34.19% Amid Soaring Food Prices Nigeria’s inflation rate increased to 34.19 percent in June 2024 from 33.95 percent in May. The data is captured in the National Bureau of Statistics (NBS) in its consumer price index (CPI) report for June, released on Monday. The...

Nigeria Records 87m Bribery Cases in 2023 - NBS According to the latest report from the National Bureau of Statistics (NBS), Nigeria has witnessed a significant decrease in bribery cases, with approximately 87 million bribes paid in 2023, compared to 117 million in 2019. This...

Manufactured Goods Imports Surge by 139% to N5.74trn The importation of manufactured goods into Nigeria surged astronomically by 139 per cent, year-on-year (YoY), to N5.4 trillion in the first quarter of 2024 (Q1’24) from N2.40 trillion in the corresponding period of 2023 (Q1’23). Stakeholders have attributed...

Public Officials Received N721bn Bribe in 2023 – NBS According to a report by the National Bureau of Statistics (NBS), no fewer than N721bn was received as bribe by Nigerian public officials in 2023. The report released on Thursday titled, “Corruption in Nigeria: Patterns and Trends”,...

NIN/SIM Linkage: Telcos Experience 2.4% Decline in Voice Subscription – NBS Nigeria’s telecom sector experienced a 2.4 per cent decline in active voice subscriptions in the first quarter of 2024, according to data from the National Bureau of Statistics (NBS). This decline comes as the Nigeria...

Capital Importation Hits $3.3b in One Year The National Bureau of Statistics (NBS) said in the first quarter 2024 total capital importation rose to $3.3billion from $1.1million recorded in the first quarter of 2023 (Q1 2023). This was contained in its report titled: “Nigeria Capital Importation...