Petrol Price Rises by 223%, Sells N770 per litre in May - Report The National Bureau of Statistics says the average price of Premium Motor Spirit (PMS), also known as petrol, rose by 223.21 per cent to approximately ₦770 per litre in May 2024 from...

Nigeria Exports N58.65b Electricity in Q1 2024 In the First Quarter 2024 Q1, Nigeria exported N58.65 billion electrical energy to African countries. The National Bureau of Statistics (NBS) made this known in its document titled: “Foreign Trade in Goods Statistics (Q1 2024).” A section of the report...

Headline Inflation Surges to 33.95% in May Again, Nigeria’s inflation rate increased to 33.95 per cent in May 2024 according to the latest data from the National Bureau of Statistics. This represents a month-over-month increase of 0.26 per cent points in the headline inflation rate from...

Food Inflation Soars by 61% in One Year – NBS Nigerians are finding it more difficult to feed themselves, as food inflation rose to 40.66 per cent in May. This was as the cost of food rose by 61 per cent from 25.25 per cent in...

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...