Nigeria's Total Trade Hits N26.80trn in Q4 - NBS Nigeria's total trade has reached N26.80 trillion in the fourth quarter of 2023, according to new data released by the National Bureau of Statistics (NBS). However, the country's trade deficit widened significantly, as imports far outpaced exports. According...

Cooking Gas Prices Continue Upward Despite FG Intervention All efforts by the federal government to tame the skyrocketing prices of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas have failed to impact the rate the product is sold in the open market, with a...

Rice Price Surges by 98% in One Year – NBS According to data from the Nigerian Bureau of Statistics (NBS), the average price of 1kg of local rice sold loose jumped by a whopping 98 per cent in one year. The report ‘Selected Food Prices Watch...

Rice Price Surges by 98% in One Year – NBS According to data from the Nigerian Bureau of Statistics (NBS), the average price of 1kg of local rice sold loose jumped by a whopping 98 per cent in one year. The report ‘Selected Food Prices Watch...

Amid FX Crisis, Nigeria Imports 60.4bn Litres Of Petrol In 32 Months With zero local production of petrol in the 32 months spanning January 2021 to August 2023 and amid dwindling FX inflow, Nigeria imported 60.428 billion litres of petrol from Europe. However, data obtained from...

Financial Service Sectors’ GDP Contribution Increases to N3.8tn Nigeria’s financial service sector’s contribution to Nigeria’s Gross Domestic Product (GDP) increased to N3.8 trillion in 2023, representing 26.5 per cent Year-on-Year (YoY) from N3.01 trillion reported 2022. A breakdown of the NBS numbers showed that financial institutions...