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 …

The National Bureau of Statistics (NBS) has revealed that Nigeria’s active voice subscribers rose to 222,571,568 in the fourth quarter of last year from 195,463,898 in the corresponding quarter of 2021. This, the bureau said, indicated a growth rate of 13.87 per cent. According to the bureau’s “Telecoms Data: Active Voice and Internet, Porting and Tariff Information Q4 2022″ report published …

The National Bureau of Statistics (NBS) has reported that Nigeria’s headline inflation rate increased to 22.04 percent on a year-on-year basis in March, this year. According to the Consumer Price Index (CPI) and Inflation Report of the NBS for March 2023, which were released in Abuja on Monday, the figure is 0.13 percent points higher compared to the 21.91 percent …

For the first time in 17 years, Nigeria’s inflation rate rose to 20.8 percent as a result of soaring food prices and supply chain disruption, according to  the National Bureau of Statistics (NBS). The Consumer Price Index report for September 2022 released on Monday shows that inflation figure for the preceding month – August – was 20.52 percent. The NBS …