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Tag Archives: National Bureau of Statistics (NBS)

FG Generates N1.18 Trillion VAT in 6 Months

FG Generates N1.18 Trillion VAT in 6 Months

The federal government has generated  a total of N1.188 trillion as Value Added Tax (VAT) in the first six months on 2022. Data from the National Bureau of Statistics (NBS) indicated that was 18.14 per cent increase compared to the N1.0 trillion generated in the first quarter of 2021. A …

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Inflation Rises to 16.82%

Inflation Rises to 16.82%, Exceeds IMF’s 2022 Projection

…Exceeds IMF’s 2022 Projection Against the International Monetary Fund (IMF) projection for 2022, the Consumer Price Index has risen to 16.82 per cent in April from 15.92 per cent in March, latest figures from the National Bureau of Statistics have revealed. The NBS disclosed this in its ‘Consumer Price Index …

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LCCI Reacts as Nigeria Trade Deficits with China Worsen

LCCI Reacts as Nigeria Trade Deficits with China Worsen

Data from the National Bureau of Statistics (NBS) has shown the bilateral trade deficit against Nigeria is widening in favour of China, with a steady increase in Nigeria’s importation from the Asian country from 2019 to 2021. The NBS data shows that Nigeria imported N6.53 trillion worth of goods from …

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Northeast Garners 25.90% of Nigerians Certified IT Professionals, Experts Disagree with NBS

Northeast Garners 25.90% of Nigerians Certified IT Professionals, Experts Disagree with NBS

Some tech experts have questioned data from the National Bureau of Statistics (NBS) showing the insurgency-infested North-East of Nigeria has the most certified information technology (IT) professionals in the country. According to the dataset, the geopolitical region has 25.90 percent of certified IT professionals. This puts it ahead of the other geopolitical …

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Reactions as 2.1 Million Phone Subscribers Lose Access in Zamfara, Others Suffer Telecoms Service Disruption

Reactions as 2.1 Million Phone Subscribers Lose Access in Zamfara, Others Suffer Telecoms Service Disruption

Multiple reactions have trailed the shutting down of telecommunications services in Zamfara as directed by the regulator, Nigerian Communications Commission last week. Recall, Business Remarks reported that the shutdown in Zamfara is expected to last for two weeks. Data from the National Bureau of Statistics (NBS) showed that Zamfara has …

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Nigeria’s GDP Rises by 5% in Q2 2021

Nigeria's GDP Rises by 5% in Q2 2021

Nigeria’s gross domestic product (GDP) increased by 5.01 percent in the second quarter, Q2 2021 — strongest growth since fourth quarter 2014. This is according to the second-quarter GDP report released by the National Bureau of Statistics (NBS) on Wednesday. This also marks three consecutive quarters of growth following the …

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