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 …

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 …