Nigeria Recorded N1.43tr VAT in Q1 The National Bureau of Statistics (NBS) said the aggregate Value Added Tax (VAT) stood at N1.43 trillion in Q1 2024. This is according to the VAT Q1 2024 Report released in Abuja on Tuesday. The report shows a growth rate of...

Motorcycle Imports Surge by 204% in Q1 2024 Data from the National Bureau of Statistics (NBS) reveal Nigeria recorded N117.4 billion as import cost for motorcycles in the first quarter of 2024. The figure represents a 204% increase from the N38.6 billion recorded in the same...

Food, Beverage Import Bill Rises to N1.59trn in Q1 2024 – NBS Nigeria’s food and beverage import bill increased by 30% from N 1.21 trillion in the fourth quarter of 2023 to N1.59 trillion in the first three months of 2024. This is according to the...

Expenditure on Fuel Import Increases by 46% in Q1 2024 Nigeria’s expenditure on fuel soared to N2.6 trillion in the first quarter of 2024, representing a 46% increase from the fourth quarter of 2023. This data comes from the latest foreign trade report by the National...

Nigeria’s Trade Surplus Hits N6.52 trillion in Q1 2024 Nigeria’s foreign trade statistics report for the first quarter of 2024 reveals a significant trade surplus of N6.52 trillion. This is a significant recovery from the N1.41 trillion trade deficit recorded in the previous quarter (Q4 2023)...

Rice, Garri, Tomatoes Prices Rise 141% in a Year – NBS The average price of rice, garri and tomatoes rose 141 percent in one year, the highest yearly increase for the period, according to data from the selected food price report. The data shows that the...