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Nigeria’s Inflation Rate Drops to 21.8%

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate dropped to 21.88 percent in July 2025, down from 22.22 percent June.

‎Abuja Dethrones Lagos as Nigeria’s New Foreign Investment Capital

‎Abuja Dethrones Lagos as Nigeria’s New Foreign Investment Capital ‎In a historic economic shift, Abuja has overtaken Lagos as Nigeria’s top destination for foreign capital inflows in the first quarter of 2025. According to the latest report from the National Bureau of Statistics (NBS), the...

NBS: Nigeria’s Capital Importation Surge 67% to $5.64bn in Q1 2025 – Report 

NBS: Nigeria's Capital Importation Surge 67% to $5.64bn in Q1 2025 - Report  Nigeria recorded a significant rise in capital Importation in the first quarter of 2025, with inflows climbing by 67.12 percent to $5.6 billion compared to $3.4 billion recorded in the same period...

Palm Oil Imports Drop 26% as Local Production Rises 

Palm Oil Imports Drop 26% as Local Production Rises  The National Bureau of Statistics report shows that Nigeria’s crude palm oil (CPO) imports fell by 26.2 percent in 2024, driven by a surge in local output following increased investments in domestic production. Nigeria’s CPO import declined...

Foreign Inflows Drive Banking Capital to $3.1bn in Three Months

Foreign Inflows Drive Banking Capital to $3.1bn in Three Months Capital importation into Nigeria’s banking sector surged to over $3.1bn in the first quarter of 2025, according to data released by the National Bureau of Statistics on Tuesday. NBS data also showed that the manufacturing sector...

Real Estate Contributes N41.3trn to Economy – NBS

The real estate sector’s valuation has climbed to N41.3tn, highlighting its rising contribution to the nation’s economy.