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Domestic Airfares Rise by 97% – NBS

Domestic Airfares Rise by 97% – NBS The National Bureau of Statistics recent data has indicated that the average cost of airplane tickets in Nigeria rose from N37,022.97 in November 2021 to N73,267.57 in November 2022. According to the NBS' Transport Fare Watch report for November...

Inflation Hits 21.47% in Yuletide Season

Inflation Hits 21.47% in Yuletide Season Nigeria's inflation figure for the month of November has jumped to 21.47 percent. The National Bureau of Statistics (NBS) made this known in a latest Consumer Price Index (CPI) released on Thursday afternoon. According to NBS, this is because of an...

Telecoms Contribution to GDP Rises by 10%, Hits 7trn in 2022

Telecoms Contribution to GDP Rises by 10%, Hits 7trn in 2022 The National Bureau of Statistics recent report has shown that the contributions of telecommunications to the nation’s real Gross Domestic Product increased by 10.52 per cent year-on-year to hit N7.28tn in the first nine...

NBS Report Says 133 million Nigerians are Poor

NBS Report Says 133 million Nigerians are Poor The National Bureau of Statistics latest data has indicated that 133 million Nigerians are multidimensionally poor. In its latest National Multidimensional Poverty Index Report launched on Thursday, the NBS said that 63 per cent of Nigerians are poor...

NBS: Water Transportation Fare Rises to N974.26 in August

NBS: Water Transportation Fare Rises to N974.26 in August The National Bureau of Statistics data has revealed that the average fare paid for water transport rose to N974.26 in August 2022, up 0.87 percent on a month-on-month basis from N965.82 in July. The reports noted that...

Companies Pay N1.25tn Tax Amid Energy Crises, Forex – NBS

Companies Pay N1.25tn Tax Amid Energy Crises, Forex - NBS The National Bureau of Statistics recent data has revealed that Nigerian firms paid N1.25tn tax to the Federal Government in the first six months of 2022 despite facing acute foreign exchange and energy challenges. According to...