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...

After Subsidy Removal Fuel Import Decline by 1billion Litres – NBS The country’s monthly petrol import was reduced by about 1 billion litres after President Bola Tinubu removed fuel subsidy in June, a report by the National Bureau of Statistics has shown. The NBS report indicated...

Diesel Sold at N1,153 Per Litre in January 2024 – NBS The National Bureau of Statistics (NBS) says the average retail price of a litre of diesel increased from N828.82 in January 2023 to N1,153.01 in January 2024. NBS stated this in its Diesel Price Watch...