The National Bureau of Statistics (NBS) said electricity Distribution Companies (DisCos) collected N391.72 billion revenue in the second quarter of 2024 (Q2 2024). Its document titled: “Electricity Report Q2 2024”, which made the disclosure also said the revenue increased by 48.90% on a year-on-year basis from N263 billion the corresponding quarter of 2023. NBS said: “Revenue collected by the DISCOs …

The National Bureau of Statistics (NBS) has stated that Nigeria recorded a reduction in petrol importation following the removal of fuel subsidy by President Bola Tinubu in May 2023. It also said the total of fuel imports reduced to 20.30 billion litres in 2023 from the 23.54 billion litres recorded in 2022, showing a decrease of 13.77 per cent year-on-year. …

The Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), has denied claims that a United States (US) District Court authorised Louis E. Williams to seize $21 million from Nigeria’s account with JP Morgan. In a statement by the AGF, on Wednesday, the Ministry of Justice clarified that the inaccuracies first published by an online media …

The National Bureau of Statistics (NBS), says prices of beans, eggs, bread, rice, yam, and other food items witnessed significant price increased in August 2024. The NBS said this in its Selected Food Prices Watch report for August 2024, released in Abuja on Wednesday. The report said that the average price of 1kg of brown beans increased by 271.55 per …

The National Bureau of Statistics (NBS), said domestic air fare rose by 25 per cent year-on-year (YoY) to N98,561.74 in July 2024 from N78.775.74 in July 2023. The bureau disclosed in its Transport fare watch report for July 2024. NBS said: “In air travel, the average fare paid by air passengers for specified routes single journey was N98,561.74 in July …

Nigeria’s inflation narratives took a controversial twist yesterday as the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), gave its own figure contradicting that of the National Bureau of Statistics (NBS), by a wide margin. The NBS had released its Consumer Price Index (CPI), for June 2024 reporting that the headline inflation rate increased by 0.24 percentage …

A National Bureau of Statistics (NBS), survey report has shown that Nigerians paid N721 billion in cash bribes to public officials in 2023. The Survey report titled: “Corruption in Nigeria: Patterns and trends”, released yesterday, indicated that more than 95 per cent of all bribes Nigerians paid in 2023 were in monetary form. Meanwhile, the report also showed that Nigerians’ …

At the backdrop of sustained surge in inflation, it has been established that the cost of a Healthy Diet (CoHD), rose by 32 per cent to N1,041 per adult per day in May 2024 from N786 in December 2023. The National Bureau of Statistics (NBS), disclosed this yesterday in its CoHD report for May 2024, noting that the rise was …

The total value of manufactured goods imported into Nigeria hit N16 trillion between 2023 and 2024, according to Saturday PUNCH analysis of the Foreign Trade report published by the Nigerian Bureau of Statistics (NBS) over 12 months. The analysis also revealed that the value of the manufactured goods imported into the country between April 2023 and March 2024 increased by …

Again, Nigeria’s inflation rate increased to 33.95 per cent for the month of May 2024, according to the latest data from the National Bureau of Statistics (NBS). This represents a month-over-month increase of 0.26 per cent points in the headline inflation rate from 33.69 per cent recorded in April, the NBS stated in the Consumer Price Index report released on …