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nbs report

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    Business Nigerian Inflation Drops to 15.98% in September as Hike In Food Costs Persist

    Nigerian inflation rate decreased to 15.98 percent from 16.01 percent in August, the National Bureau of Statistics said. In the report released on Tuesday in Abuja, the bureau explained that the drop in Nigeria’s rate of inflation in September was the eighth consecutive month that the index...
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    Business Prices of Petrol, Diesel, Kerosene Fell in July - NBS

    The average prices paid by consumers for petrol, diesel and kerosene fell in July compared to the average prices recorded in June. The National Bureau of Statistics (NBS) stated this in its July 2017 CPI report, released in Abuja Monday. The reports indicated that the average price paid by...
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    Business Nigeria's GDP Slows By 0.52% In 2017 Q1, Edges Out Of Recession

    Nigerian economy contracted by 0.52 per cent year-on-year for the first quarter of 2017, but much better 1.21 per cent than deeper -1.73 per cent recorded in fourth quarter of 2016. The National Bureau of Statistics (NBS), stated this in first quarter 2017 Gross Domestic Product (GDP) report...
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    Business Nigerian Economy Hits Worst Recession in Almost 3 Decades

    The National Bureau of Statistics (NBS) has released the second quarter of 2016 report with Nigerian economy hitting worst recession in almost three decades. In the Second Quarter of 2016, the nation’s Gross Domestic Product (GDP) declined by -2.06% (year-on year) in real terms. This was lower...