The National Bureau of Statistics (NBS) yesterday said Nigeria’s headline inflation rate increased to 28.2 per cent in November showing a 0.87 per cent points increase over the 27.33 per cent recorded in October. The NBS noted that the November 2023 rate was 6.73 per cent higher than what was recorded in November 2022. The bureau stated this in its …

The National Bureau of Statistics (NBS) on Saturday said Value Added Tax (VAT) on average was N948.07 billion in the third quarter (Q3 2023). This was contained in its VAT for Q3 2023 report, which said there was a growth rate of 21.34 per cent on a quarter-on-quarter basis. The report said: “On the aggregate, VAT for Q3 2023 was …

The National Bureau of Statistics (NBS) has said the prices of food items such as beef, rice, beans, onion, yam and others increased in September. It stated this in its Selected Food Prices Watch report for September 2023 released in Abuja on Monday. The report said that the average price of 1kg of boneless beef increased by 28.08 percent from …

National Bureau of Statistics (NBS) has said that the average retail price of a litre of petrol increased from N191.65 in September 2022 to N626.21 in September 2023. In its Petrol Price Watch for September 2023 released in Abuja on Saturday, NBS said that the September 2023 price of N626.21 represented a 226.75 per cent increase over the price of …

Household kerosene prices surged by 57.18 per cent, reaching N1,272.40 per litre in August, according to the National Bureau of Statistics (NBS). The PUNCH report that NBS’ National Household Kerosene Price Watch noted that the sharp increase from last year’s N809.52 in August 2022 highlighted escalating energy costs. The report revealed an uptick on a month-on-month basis, with the average …

The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N4,072.87 recorded in July to N4,115.32 in August 2023. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for August 2023 released on Monday in Abuja. The report said the August 2023 price represented a 1.04 per cent increase, compared to what …

Ebonyi and Abia states led as food prices jumped by 31 per cent within in 12 months from July 2022 to July 2023. This is according to an analysis of the ‘Selected Food Price Watch,’ a report published on a monthly basis by the National Bureau of Statistics (NBS). The selected food items include staples such as rice (1kg), beans …

The average transport fare paid on motorcycles (popularly known as okada) rose by 258.2 per cent between May 2019 and May 2023. This is according to the Transport Fare Watch reports by the National Bureau of Statistics (NBS). According to the report, the average fare for okada rides rose from N129.69 in May 2019 to N464.55 in May 2023. The …

Consumers of goods and services and companies paid about N1.18 trillion as taxes to the government in the first quarter of 2023, according to the latest reports by the National Bureau of Statistics. This represents a slight increase from the N1.14 trillion that was raised in Q1 2022. The N1.18 trillion was raised from Value Added Tax (VAT) and Company …

Lagos, Ogun, Kano and Oyo States, and the Federal Capital Territory were the top five locations with mobile internet subscriptions in Nigeria last year. Collectively, the five areas accounted for 33.52 per cent (51.90 million) of the mobile subscriptions (154.85 million) in the country in 2022, according to data from the National Bureau of Statistics (NBS). The NBS had revealed …