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 …

The Nigerian Railway Corporation (NRC) generated N1.07 billion as revenue from passengers in Q4 of 2023, the National Bureau of Statistics (NBS) has said. According to the News Agency of Nigeria (NAN), this is contained in the NBS Rail Transportation Data for Q4 2023 released in Abuja on Monday. The report showed that the figure decreased by 7.51 per cent …

Electricity Distribution Companies (DISCOs), in Nigeria generated a total of N294.95 billion in the fourth quarter (Q4) of 2023. The National Bureau of Statistics (NBS) disclosed this in its latest report on electricity for Q4 2023, adding that the revenue generated by the DISCOs rose by 26.96 per cent compared to the N232.32 billion recorded in Q4 2022. It stated: …

Foreign investments in Nigeria’s manufacturing industry went up by $644 million in 2023 to $1.5 billion from $948 million in the prior year, according to data from the National Bureau of Statistics (NBS). The NBS in its capital importation report stated that manufacturing ranked first as the sector with the most investments. The banking and finance sectors (treated separately) came …

The National Bureau of Statistics (NBS) has said the Federal Government generated N1.49 billion from passenger fares for rail transport in the third quarter of 2023 (Q3 2023). NBS made this disclosure in its document tagged: “Rail Transport Data (Q3 2023)”, yesterday. According to the document, the revenue by 108.25 per cent from the N715.09 million earned in Q3 2022. …

The average price of 5kg of Liquified Natural Gas, LNG, also known as cooking gas, increased by 8.70 per cent to N4,962.87 in December 2023 from N4,565.56 in December 2022. The National Bureau of Statistics, NBS, disclosed this in its latest LPG price watch for December 2023. According to NBS, on a state-by-state analysis, Adamawa, Jigawa, and Ogun states recorded …

The increasingly high cost of production, transportation, and other factors have caused the price of one kilogramme of local rice to jump by 73.2 per cent in one year, according to The PUNCH. This happened despite a multi-billion naira funding support of the Central Bank of Nigeria (CBN) for the nation’s rice value chain aimed at boosting production and stopping …

Within 12 months, the average retail price of Household Kerosene (HHK) soared by 18.78% from N1,083.57 in November 2023 to N4,583.44 in November 2022. The National Bureau of Statistics (NBS) made this known in its document tagged: “The average retail price per gallon of Household Kerosene paid by consumers in November 2023 was N4,583.44, showing an increase of 0.03% from …

The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N202.48 in November 2022 to N648.93 in November 2023. NBS said this in its Petrol Price Watch for November 2023 released in Abuja on Thursday. It stated that the November 2023 price of N648.93 represented a 220.49 per cent increase over the …