Tag: NBS

Nigeria Spends N804bn on Arms Imports, Experts Urge Domestic Production   Nigeria spent N804.10bn on arms and ammunition imports between 2020 and the second quarter of 2025, according to data obtained from the National Bureau of Statistics (NBS). Despite moves by the government to expand domestic production,...

Nigeria’s Gross Domestic Product rose by 4.23 per cent year-on-year in real terms in the second quarter of 2025, according to the latest figures released on Monday by the National Bureau of Statistics.

The National Bureau of Statistics (NBS) says Nigeria’s inflation rate declined to 20.12 percent in August — down from 21.88 percent in July.

Nigeria’s foreign trade performance in the first half of 2025 showed a strong positive outlook, as exports outpaced imports to deliver a surplus of N12.64 trillion.

Marketing Sector Records $26.39m Inflow on Investors Return   Nigeria’s marketing industry has attracted a total of $26.39m in foreign investments since 2023, signalling a cautious rebound in investor confidence after a sharp decline in 2024. Capital importation data from the National Bureau of Statistics (NBS) revealed...

Rebased GDP Shows Nigeria’s Economic Shift Towards Digital, Services Sector – Presidential Aide Nigeria’s rebased Gross Domestic Product (GDP) figures have revealed a significant transformation in the country’s economic structure, shifting focus from oil dependency to a services-driven digital economy. Speaking at the 3rd Economic Confidential...