Tag Archives: NBS

The average transportation fare per commuter rose by 97.88 per cent in June from N649.59 to N1,228.41 amid the price hike occasioned by the fuel subsidy removal policy. The National Bureau of Statistics (NBS) disclosed this in its latest Transport Fare Watch report. NBS noted that every year, transportation fares …

Nigeria’s Capital Importation recorded the fourth consecutive quarterly decline to $1.06 billion in the fourth quarter of 2022 (Q4’22), from $1.15 billion in Q3’22. Data from the National Bureau of Statistics, NBS, Capital importation report for Q4 ’22 showed that Capital Importation fell quarter-on-quarter by 27 per cent to $1.57 …

Thirty-two states in Nigeria, including Rivers and Kaduna, did not attract any foreign investments in the first quarter of 2022 A report by the National Bureau of Statistics shows that only Lagos, Oyo, Katsina, Anambra states, and the Federal Capital Territory attracted investment during the period. According to the NBS’ …

The National Bureau of Statistics has said that Nigerian residents spent N108.47tn on household consumption in 2021 in nominal terms. The figure is higher than the N97.72tn recorded in 2020, showing an increase of 11 per cent amid double-digit inflation. The NBS disclosed this in its recent Expenditure and Income …

The National Bureau of Statistics has said that 62 per cent of enterprises use mobile banking for their business operations. The NBS said this in its report titled ‘The impact of COVID-19 on business enterprises in Nigeria’. The report said, “While 90 per cent of enterprises use phones in their …

The Federal Government is set to begin the fourth round of the Micro, Small and Medium Scale Enterprises (MSMEs) survey. The disclosure was made on Thursday in Abuja at a news conference jointly addressed by the office of the Statistician-General of the Federation and the Small and Medium Enterprises Development …

Nigeria generated N1 trillion from Value Added Tax (VAT) in the first half of the year 2021, consisting of N512.25bn in the second quarter and N495.39bn generated in the first quarter. The figures were contained in the ‘Sectoral distribution of Value Added Tax’ report released on Tuesday by the National …

The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami is very delighted that the Information and Communications Technology (ICT) sector recorded the highest growth rate of all the sectors of the Nigerian economy in both the fourth quarter of 2020 (Q4 2020) and the entire year 2020. …

Nigerians spent N2.7 trillion last year on the consumption of Premium Motor Spirit (PMS) Petrol, according to figures released by the Petroleum Products Pricing Regulatory Agency (PPPRA).  The agency said that 18,623,992,092 litres of the product (also known as petrol) were supplied to the domestic market as at November 2019, …

The minister of Communications, Dr Isa Ali Ibrahim Pantami, has said with the recent figure released by the National Bureau of Statistics (NBC), Information and Communications Technology’s contribution to Gross Domestic Product (GDP)  of 13.8% is anything to go by then it will be more than double of Oil and …