In Q2, Nigerians Preferred Netherlands for Export   A trade report by the National Bureau of Statistics (NBS) has indicated that The Netherlands maintained its lead as the top export destination of Nigerian goods in the second quarter of 2023. The report titled: “Commodity Price Indices and...

Manufacturers Incur Heavy Losses As Inflation, Forex Crisis Get Worse   In apparent reflection of the depreciation in the value of the Naira coupled with the sustained inflationary pressure, the cost of raw material input for consumer goods companies rose by 18.5 percent in the first...

Nigeria’s Inflation Hits 25.80% As Food Prices Rise – NBS According to the Consumer Price Index (CPI) released by the National Bureau of Statistics (NBS), Nigeria’s inflation has jumped to 25.80% for August 2023. The latest figure is 1.72% points higher than the 24.08% reported in...

Medical Industrialisation: Pate's Path Towards Unlocking Nigeria's Healthcare Value Chain By Lawal Dahiru Mamman Sometimes in August, the International Trade Centre (ITC), a multilateral agency, revealed that the importation of pharmaceutical products into Nigeria dropped for the second straight year to $1.05 billion in 2022, a...

Postal Revenue Drops to N3bn in 2022 - NBS The National Bureau of Statistics data shows that the total revenue from postal activities fell by 17.05 per cent to N3.01bn in 2022 from N3.63bn in 2021. It also revealed that the number of post offices and...

11.47m Nigerians Have Access to Electricity – NBS The number of electricity consumers rose by 200,000 from 11.27 million in the first quarter of 2023 to 11,47 million in the second quarter of the year. The National Bureau of Statistics, NBS, stated in its Nigeria’s electricity...