The nation’s gross domestic product (GDP) declined to 1.94% in the second quarter of 2019.
According to the second-quarter GDP report released by the National Bureau of Statistics (NBS), the GDP figure is 0.16 percentage points lower than the 2.10% recorded in the first quarter of 2019.
In 2018, four Nigerian states recorded a decline in internally generated revenue, according to the latest figures from the National Bureau of Statistics (NBS). In its fourth-quarter report 2018 States and FCT IGR released last week, 32 Nigerian States including the …
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After months of delay, the National Bureau of Statistics on Wednesday finally released the Labour Statistics Report for the third quarter of this year with the unemployment rate rising from 18.8 per cent in the third quarter of last year to 23.1 per cent.
The report which was posted on the...
The National Bureau of Statistics (NBS) said residents of Rivers paid the lowest bus fare within city in May.
The NBS stated this in Transport Fare Watch for May 2018 published …
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With non-oil sector of the economy still in recession by the third quarter of 2017, National Bureau of Statistics (NBS) is set to release the fourth quarter gross domestic product data and full 2017 figures on Tuesday according to its data release calendar for 2018.
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The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation with the rate dropping from 15.9 per cent in November to 15.37 per cent in December. The drop of 0.53 percent points recorded in December makes it the eleventh consecutive slowdown in …
The average price of Premium Motor Spirit (PMS), commonly called petrol, increased by 17.98 percent, month-on-month (MoM), even as the average price per litre paid by consumers for Kerosene jumped by 22.5 percent year-on-year in December. The National Bureau of Statistics disclosed this...
About 3.7 million Nigerians lost their jobs in the year 2016 due to the country's harsh economy, the fourth quarter employment report of the year by the National Bureau of Statistics, NBS, says.
In addition to this, the number of unemployed Nigerians rose from 7.51 million at the beginning of...
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Nigeria’s headline inflation has risen to 18.55 per cent its highest in more than 11 years, as World Bank predicted the country will get out of recession and grow its Gross Domestic Product by one per cent in 2017.
In its January 2017 Global Economic Prospects report released on January 11, the...
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Mavrodi Mondial Moneybox (MMM) known as MMM Nigeria has been ranked as the most recent visited site in the country by the California-based company, Alex Internet.
Alexa provides analytical insights to benchmark, compare and optimize businesses through ranking on its platform.
The scheme which...
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Oil marketers across the country have refused to abide by the N150 per litre price for household kerosene as approved by the Nigerian National Petroleum Corporation.
The NNPC had on several occasions stated that marketers should dispense kerosene at N150 per litre to their various customers but...
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Nigerian Naira gained on Monday morning advancing 0.4% to 320.95 to the United States Dollar at the inter-bank market.
The Naira-dollar 3 month non-deliverable forwards jumped to -0.1% to 350 per United States Dollar
The Ghanian Cedi on the hand, falls 0.1% to 3.95 to a United States Dollar...
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The NBS released its 2016 First Quarter Balance of Trade report, which showed that Nigeria had a negative trade balance of N184.1 billion.
This will be the first time the country will be recording a negative trade balance since data collection began in 2008.
Trade balance, which is also known...
Nigerian inflation accelerated for a sixth consecutive month in April which stood at 13.7% and at the highest pace since August 2010.
According to the Bureau, the Headline index increased by 13.7% (year-on-year), roughly 0.9% points higher from rates recorded in March (12.8%).
The higher rate...
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