In Two Years, Nine Oil Producing States’ Debts Skyrocket Despite N1.88trn Derivation Fund   Despite receiving N1.885 trillion from the 13 per cent oil derivation fund in two years, the nine oil-producing states’ debts as a result of loans taken from local and foreign lenders have...

Cooking Gas Prices Rose by 8.70% in 2023 - NBS   The price of cooking Gas continued to rise in the last quarter of 2023, adding to the strain on consumers who were already struggling with the rising cost of living. According to data from the National...

Despite Zero FDI 14 States Spend N21bn on Foreign Trips Reports on foreign trips from state budget performance data has revealed that 14 state governments failed to attract any form of foreign investments into their domains despite spending at least N21.04bn on foreign trips in...

Nigeria’s Inflation Hits 28.92% Amid High Food Prices Nigeria’s annual inflation rate rose to 28.92 per cent in December 2023 from 28.20 per cent in November, the National Bureau of Statistics (NBS) said Monday. The statistics office said the December 2023 headline inflation rate showed an...

Naira Scarcity: Nigerians Groan Over Prices Of Food, Medicines   Amid soothing promises by the Federal Government to make the economy better, Nigerians seem to experience the opposite. For starters, the naira scarcity horror that dampened yuletide fun has continued in the new year, making 2024 take...

NBS Blames Inflationary Figures on Rising Food Prices  By Zekeri Idakwo The latest food price watch data from the National Bureau of Statistics (NBS) indicated a continued rise in the cost of staple foods such as rice, beans and beef, which had a significant impact on...