Nigeria’s consumer inflation rate quickened for the first time in a year in March with headline consumer inflation rising to 15.38% year-on-year, up from 15.06% in February, according to the National Bureau of Statistics (NBS) figures. Food inflation accelerated to 14.31% year-on-year, up from 12.12%. Analysts say this inflation spiral is a headache for President…
By Elijah Daniel Today, just over 60per cent of Nigerians have access to grid-connected electricity, and even those who do often endure erratic service, with the average daily supply standing at less than seven hours according to the country’s National Bureau of Statistics (NBS). Yet, like Albert Einstein famously said: “In the middle of difficulty…
Ekiti State government pledged continued support to youth -driven agricultural initiatives through access to land, improved inputs, extension services mechanization, market linkages and partnership with the private sector. The state governor, Mr Biodun Oyebanji gave the pledge during the presentation of cheques totaling N1billion as profits made by the young farmers under the Bring Back…
Lagos State has emerged number one in domestic debt in the second quarter (Q2) of 2025 as it posted N1.04trillion of Nigeria’s public debt profile of N152.39 trillion. This national debt however consists of external and domestic. The National Bureau of Statistics (NBS), said external debt rose to ($99.65billion) in Q2 2025 from N149.38trillion ($97.23billion)…
The National Bureau of Statistics (NBS) said Nigeria’s Gross Domestic Product (GDP) grew by 3.98 per cent (year-on-year) in real terms in the third quarter (Q3) of 2025. The report also said the growth rate is higher than the 3.86 per cent recorded in the third quarter of 2024. NBS said in nominal terms, the…
In the first quarter (Q1) 2025, Nigeria recorded N5.172 trillion trade surplus, according to the National Bureau of Statistics (NBS). NBS in its “Foreign Trade in Goods Statistics Q12025,” revealed that the country’s import dipped to N15.426 trillion as export rose to N20.59trillion, totally N36.02trillion trade in the period under review. The report said total…
As a result of the fall in the cost of food, fuel and gas, the headline inflation eased from 24.48 per cent in January 2025 to 23.18 per cent in February this year. The National Bureau of Statistics (NBS) made this known yesterday in its document titled: Consumer Price Index (CPI) February 2025. It added…
A former Chairman of Manufacturers Association of Nigeria (MAN), Dr Wale Adegbite, has called on the Federal Government to stabilise the exchange rate as a means of controlling inflation in the country. Adegbite made the call in an interview with the News Agency of Nigeria (NAN) in Ota, Ogun State on Wednesday. The former MAN…
The Nigeria Inter-Bank Settlement System (NIBSS) has said enrollments for the bank verification number (BVN) increased to 64.83 million in January. According to data from the NIBSS, the figure represents an increase of 1.35 million, compared to the 63.47 million recorded in January 2024. The BVN is an 11-digit number unique to each individual across…
