NIGERIA’s inflation rate has decreased significantly to 24.48% year-on-year in January 2025, according to the latest data from the National Bureau of Statistics (NBS). Newsextra24 reports that this marks a sharp drop from the 34.80% inflation recorded in December 2024. The Statistician-General of the Federation, Adeyemi Adeniran, announced the new figure on Tuesday. He …
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In the ever-evolving dynamics of global economies, understanding the mechanisms and processes that provide accurate measurements of economic activity is essential. One such critical statistical exercise is the rebasing of Gross Domestic Product (GDP). For Nigeria, a country with a diverse and complex economic structure, GDP rebasing is more than …
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THE National Bureau of Statistics (NBS) has stated that the rebasing of Nigeria’s Consumer Price Index (CPI) and Gross Domestic Product (GDP) will commence by the end of January. A statement by NBS Director of Communication & Public Relations, Ichedi Sunday Joel, said the reports for both economic index and …
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…North West leads with 14.4m cases, North Central follows with 8.8m incidents …Victims cite lack of confidence in law enforcement agencies …Senators questions governors’ huge security votes THE National Bureau of Statistics has revealed that Nigerians paid a total of N2.23trillion as ransom over the 12 months between May 2023 …
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THE National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) grew by 3.46 per cent in the third quarter of 2024 on a year-on-year basis. The NBS said this in the Nigerian Gross Domestic Product Report Q3 2024 released in Abuja. According to the report, this growth …
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By Kunle Sanni THE National Bureau of Statistics (NBS) has reported that 58 percent of Nigerian households are connected to the national electricity grid, according to its latest report, the Nigeria Residential Energy Demand Side Survey (NREDSS) 2024, released on Wednesday in Abuja. The survey, conducted across nine states—Akwa Ibom, …
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THE prices of essential food items in Nigeria witnessed significant increases in September 2024, according to a new report by the National Bureau of Statistics (NBS). In its “Selected Food Prices Watch” report, released in Abuja, the NBS highlighted steep hikes across staples such as beans, eggs, bread, and rice, …
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FOREIGN capital inflows into Nigeria surged to $6bn in the first half of 2024, more than doubling from the $2.16bn recorded during the same period in 2023, according to new data released by the National Bureau of Statistics (NBS) on Tuesday. This significant increase in investment came as Nigeria eased …
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THE National Bureau of Statistics (NBS) has disclosed that the unemployment rate in Nigeria increased to 5.3 per cent in Q1 2024 from the 5.0 per cent recorded in Q3 2023. The NBS said this in its Nigeria Labour Force Survey for Q1 2024 released on Tuesday, September 24, 2024. …
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THE National Bureau of Statistics, NBS, said that the prices of tomatoes and yams dropped on a Month-on-month basis in July 2024. NBS disclosed this in its latest report on Selected Food Price Watch in July. https://newsextra24.com/un-condemns-burkina-faso-terror-attack-as-200-killed/ The report showed that the price of Tomatoes 1kg was reduced by …
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