Tag Archives: National Bureau of Statistics.

Nigeria’s telecommunications sector has received a significant boost with a remarkable 125.23% surge in Foreign Direct Investment (FDI) during the first half of 2024. Data from the National Bureau of Statistics (NBS) disclosed that the sector attracted $304 million in FDI in six months, marking a substantial increase compared to …

The National Bureau of Statistics (NBS) has revealed a dramatic decline in the importation of used vehicles, commonly known as “tokumbo,” in Nigeria. According to the NBS’s “Commodity Price Indices” and “Terms of Trade” report, the value of imported used vehicles plummeted by 83% year-on-year in the first half of …

The Federal Government is set to make about N12bn a year from the N1,000 Proof of Ownership Certificate verification fee motorists are to pay. Last week, the Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola, disclosed this. He stated that this certificate would help vehicle owners and the government assure …

…As Sector Attracts 15.86% of Nigeria’s Total Foreign Investment Compared to $107.46 million foreign investments attracted in 2021, the telecommunications sector has in 2022 recorded $456.82 million foreign investments, an increase of 325.12%. According to the capital importation data from the National Bureau of Statistics, telecoms sector continued to retain …

Capital importation into Nigeria has fallen by 81.46 per cent ($6.91bn) from $8.49bn in the first quarter of 2019 to $1.57bn in the corresponding quarter of 2022, according to data from the National Bureau of Statistics. Based on the NBS’s ‘Nigerian Capital Importation’ reports for the first quarters of 2019, …

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 Central Bank of Nigeria, CBN has said it sees the country’s inflation rate dropping to a single digit next year, with the full implementation of its recent policies designed to boost different sectors of the economy. The Director of Monetary Policy Department, CBN, Dr Hassan Mahmud, said this on …

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 last decade witnessed tremendous changes in the nation’s banking landscape. The number of bank customers have grown, agency banking has gained a foothold and cheques have given way to transfers, particularly through SMS banking and mobile apps. Debit cards, however, remained a constant feature during this period. Debit cards …