Nigeria’s annual inflation rate rose to 34.60 per cent in November from 33.88 per cent in October, the National Bureau of Statistics (NBS) said on Monday. This marks a continuation of the upward trend observed from September, when the nation recorded a reversal of a two-month decline. The statistics office said the November 2024 headline inflation rate showed an increase …

The Nigerian Railway Corporation (NRC) generated N1.70 billion from passengers in the third quarter of 2024, an increase of 13.83% from the N1.49 billion recorded in the same period last year. A report by the National Bureau of Statistics (NBS) said the money was collected from the 743,205 passengers that travelled via rail system, a 25.05 per cent increase from …

Nigeria exported N181.62 billion worth of electricity from January to September of 2024, analysis of data from the National Bureau of Statistics (NBS) has shown. A breakdown showed that N58.65 billion was exported to Togo, Benin and Niger Republic in the first quarter of 2024 followed by N63.28 billion in the second quarter and N59.69 billion in the third quarter. …

The Independent Media and Policy Initiative (IMPI) has justified two recently released reports by the National Bureau of Statistics (NBS) on Nigeria’s latest Gross Domestic Product (GDP) figure and the unemployment rate. This is against the backdrop of claims by some critics who had sought to discredit the reports that were largely positive a few weeks after they had hailed …

Nigeria’s imports from Malta reached a record high of N766.81 billion in the third quarter of 2024, according to the latest foreign trade statistics from the National Bureau of Statistics (NBS). The figure marked a sharp rise, placing Malta as Nigeria’s fifth-largest import partner for the period, accounting for 5.23 per cent of the country’s total imports, valued at N14.67 …

The National Bureau of Statistics (NBS) said an estimated 1,134,828 from 251,082 households are internally displaced in Nigeria. A report by the bureau stated that Borno state recorded the highest number of displaced households, with 206,753, while 877,299 were internally displaced, representing 77.3 per cent of the entire surveyed population. It stated that the survey was conducted in 2023 across …

The Federal Road Safety Corps (FRSC) has warned motorists to desist from exceeding the 100 km/h speed limit on expressways as the festive season approaches. Speeding, according to FRSC, is one of the major causes of road accidents which must be curbed to save the lives of commuters. The corps gave the warning amid the alarming rate of road accidents …

In an apparent reflection of the multidimensional poverty in the country and the impact of continuous reduction in the purchasing power of Nigerians due to rising prices of goods and services, two-thirds of households in the country lack money to eat healthy, nutritious food, a survey by the National Bureau of Statistics (NBS) has revealed. The survey also showed that …

The Federal Government, through its National Bureau of Statistics (NBS), has stated that in 2023, Nigerians paid N40.14bn in road taxes to state governments. This is according to an analysis of data from the Internally Generated Revenue report recently published by the NBS. The figure collected was a 63.36 per cent increase from the N24.57 billion collected in 2022. This …

The National Bureau of Statistics (NBS), has revealed that out of the total households in Nigeria connected to the National grid, 85.2 per cent are on estimated billing. Only 14.8 per cent are on prepaid billing. The bureau also revealed that the average monthly expenditure of households on electricity was estimated at ₦4,155.8 in the period under review. The Statistician …