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 Investments in Nigeria Soar to $6bn As Currency Controls Ease
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 …
Read More »Nigeria’s Unemployment Rate Increases to 5.3% in Q1 2024
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. …
Read More »Tomatoes, Yam, Record Price Drop in Nigeria
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 …
Read More »Kerosene Price Rose to N1,769 in July – NBS
THE National Bureau of Statistics (NBS) says the average retail price per litre of household kerosene paid by consumers in July was N1,769.86. According to its kerosene price watch released on Tuesday, this shows an increase of 13.81 percent compared to N1,555.11 recorded in June. “On a year on-year …
Read More »Prices of Beans, Tomato, Yam, Potato Rise By Over 250% in One Year – NBS Report
THE prices of major staple foods in Nigeria such as beans, yam, potato, plantain and tomato have risen by over 250% in the last one year. This is according to the latest Food Price Watch from the National Bureau of Statistics (NBS) which states that the price of beans soared …
Read More »Nigeria’s Active Internet Subscribers Increase To 164.4m In Q1 2024
NIGERIA’s active internet subscribers increased by 4.33 per cent to 164,368,292 in the first quarter of 2024, from 157,551,104 in the corresponding quarter last year. The National Bureau of Statistics, NBS, disclosed this on Monday in its Telecom Data report. According to the report, the total number of active voice …
Read More »Nigeria’s Inflation Rate On The Upward Swing, Hits 33.95%
THE nation’s headline inflation rate has risen for the 18th straight month in May, 2024, to 33.95 percent, relative to the 33.69 percent recorded in April, 2024. According to the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), on Saturday, the headline inflation rate showed …
Read More »Petrol Price Stands At N701.24 In April – NBS
THE National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N254.06 in April 2023 to N701.24 in April 2024. The bureau said this in its Petrol Price Watch for April 2024, released in Abuja on Tuesday. It said that the April 2024 …
Read More »Rice Price Decreases by 19% In Abuja Despite Rising Inflation
PRICE of a 50-kilogram bag of rice (locally parboiled) has decreased by 19 per cent to N68,000 from N84,000 in February. This is despite rising food inflation. Trojan News surveys at Dutse and Kubwa (village) markets in Abuja showed that the prices of a 50kg bag of rice, such as …
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