AS May approaches, over half of Nigeria’s crude oil cargoes remain unsold, signaling potential economic turbulence and underscoring the impact of global market dynamics on Africa’s once leading oil producer. With more than 30 out of 53 scheduled cargoes yet to find buyers, Nigeria faces significant challenges in a competitive …
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THE National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N938 in February, 2024, the National Bureau of Statistics (NBS) said in a report. The NBS revealed this in its CoHD report for February, 2024 released on Friday in Abuja. The bureau said the CoHD …
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THE National Bureau of Statistics (NBS) says the All-commodity group import index on average increased by 0.79 per cent in Q4 2023. This was according to the NBS Commodity Price Indices and Terms of Trade for Q4 of 2023 released in Abuja on Thursday. The report said the increase could …
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THE average airfare paid by passengers for specified routes for a single journey increased by 18.03 per cent, year-on-year. The National Bureau of Statistics, NBS, disclosed this in its latest Transport Fare Watch for February 2024. According to the report, airfare (single route) rose to N88,000.00 in February 2024 compared …
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RECENT data from the National Bureau of Statistics (NBS) have shown a continuous rise in headline inflation rates. Comparing February 2024 to January 2024, the headline inflation rate surged to 31.70%, marking a notable increase from the previous month’s rate of 29.90%. This indicates a faster rate of increase in …
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NIGERIA’s agricultural sector has seen its exports soar to a remarkable N1.23 trillion in 2023, according to the latest foreign trade reports from the National Bureau of Statistics (NBS). This figure marks a significant 53% increase from the N583.3 billion recorded in 2022, underscoring the sector’s pivotal role in the …
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THE National Bureau of Statistics (NBS) has identified the top ten states with the highest number of internet users in Nigeria. Records on the NBS database as of Sunday, February 25, 2024, indicated that there were a total of 163.8 million internet subscribers across the country. The figures, according to …
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THE latest inflation report by the National Bureau of Statistics (NBS) has revealed Nigeria’s headline inflation rose to 28.92 per cent in December from the 28.20 per cent recorded in November 2023. The report, released by the statistics bureau on Monday, detailed that food inflation also rose to 33.93 per …
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IN real terms, Nigeria’s GDP increased by 2.54% year over year in the third quarter of 2023, according to data released by the National Bureau of Statistics. The report released by NBS on Friday detailed that the growth rate is higher than the 2.25 per cent recorded in Q2, 2022, …
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NIGERIA’s inflation has increased to 25.80 per cent in August from 24.08 per cent recorded in July. The National Bureau of Statistics disclosed this on Friday in its latest Consumer Price Index Report for August 2023. The August 2023 headline inflation rate shows an increase of 1.72 per cent compared …
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