Nigeria Targets Fiscal Clarity, Investor Appeal in GDP Rebase   Nigeria is preparing to release its rebased Gross Domestic Product (GDP) figures in 2025 for the first time in more than a decade, which analysts say could catalyse investment and improve its attractiveness to investors, development...

The Other Side of Nigeria's Economic Story By Hanniel Sebatie Noboh On paper, Nigeria is booming. The World Bank says the economy is growing. The GDP has bounced back from its pandemic dip, about five years ago. Reports from the National Bureau of Statistics look positive,...

NBS Reports 29% Surge in Farm Produce Costs     The National Bureau of Statistics (NBS) has reported a 28.98 per cent rise in the average cost of farm produce between January and May 2025, signalling a deepening crisis in Nigeria’s agricultural sector. According to the NBS, the...

Nigeria Imports N1.2tn Crude Amid Supply Challenges Nigeria imported N1.19 trillion worth of crude oil in the first quarter of 2025 due to insufficient local production, despite being the continent’s leading oil producer. The National Bureau of Statistics disclosed this in its latest Foreign Trade in...

The National Bureau of Statistics (NBS), on Monday, announced that Nigeria’s headline inflation rate has dropped to 22.97 percent.

Petrol Price Rises 76% in One Year – NBS The National Bureau of Statistics has revealed that the average pump price of Premium Motor Spirit, also known as petrol, surged by 76.73 per cent year-on-year to N1,239.33 per litre in April 2025. This represents a sharp...