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Tag Archives: National Bureau of Statistics (NBS)

Nigerians pay average of six bribes in one year, one in 2 months—NBS

NBS kale

Apart from revealing that a total of N400bn was received in bribes by public officials within a period of one year, the National Bureau of Statistics (NBS), in its latest National Corruption Report (NCR), averred that bribe payers in Nigeria pay an average of six bribes in one year, or one bribe every two months. The new report, released in ...

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Revealed: FG has no accurate data on fuel consumption in Nigeria

NNPC Headquarters.

Indication has emerged that contrary to claims of yesteryears by government agencies that Nigeria consumes certain number of Premium Motor Spirit (PMS), otherwise known as petrol either on a daily basis or yearly has been mere speculation. The scenario has therefore become a drainpipe by agencies and officials who had been in the know in cooking data that do not ...

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Only 10.93% of Nigerian workers registered under pension scheme in Q2 – NBS

NLC

Fresh figures from the website of the National Bureau of Statistics (NBS) has shown that only 10.93 per cent of the total working population under the pension scheme. The details further revealed that the Retirement Savings Account (RSA) membership distribution data for second quarter, 2017 reflected that over 7.5 million workers on the platform. The NBS stated this in a ...

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Continued drop in inflation rate sign of economic recovery from recession

NBS kale

Economic pundits have started seeing the month-on-month drop in Nigeria’s inflation rate which receded to 16.1 per cent as early signs of recovery from recession. Experts who spoke to Business Hilights on Monday shortly after the release of the nation’s inflation status by the National Bureau of Statistics (NBS) have said that more lights are now on the tunnel of ...

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Revealed: Fuel import differentials may push pump price to over N145 soon

Ibe K

Facts and figures from National Bureau of Statistics (NBS) have shown that the Nigeria’s downstream petroleum industry lost about N884.8 million in seven days to the high cost of importing Premium Motor Spirit (PMS), also known as petrol, resulting from a differential of N3.16 per litre. Otherwise, with Nigeria’s petrol consumption put at 40 million litres per day, Nigeria lost ...

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NBS would have rebased Nigerian economy this year but for lack of allocation—Kale

NBS kale

Statistician General of the Federation and head of the National Bureau of Statistics (NBS), Dr. Yemi Kale has hinted that the agency would have rebased the economy as it did in April 2014, but for paucity of allocation for the job. In an exclusive in interview in Abuja weekend, he said the economy is supposed to be rebased from time ...

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Recession: Nigeria attends technical recovery, to exit fully in 2018—- Kale, NBS boss

NBS kale

Without giving a definite time frame, Statistician General of the Federation, and head of the National Bureau of Statistics (NBS), Dr. Yemi Kale has averred that all things being equal, Nigeria will be out of recession in 2018. Before now, several government officials have been assuring Nigerians that the economy will be out of recession in third quarter of this ...

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Recession receding as inflation rate drops from 17.24% to 16.25%

Inflation rate

Stronger indications of readiness to exit recession emerged on Thursday as the National Bureau of Statistics (NBS) released the Consumer Price Index (CPI) which measures inflation showing sustained dropping trend from 17.24 per cent in April to 16.25 per cent year-on-year. The report stated on a month-on-month basis, the headline index rose by 1.88 per cent in May representing a ...

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Dropping compliance collapses Value Added Tax revenue to N204.77bn in Q1

VAT logo

Latest report from the National Bureau of Statistics (NBS) released on Tuesday has shown a trending drop in the total revenue generated by the country from Value Added Tax (VAT). The crash showed that VAT dropped from N207.35bn in the fourth quarter of 2016 to N204.77bn in the first quarter of this year. However, within the period, manufacturing sector generated ...

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Nigeria records N719.4bn balance of trade in Q1—NBS

Okey Buhari

An infinitesimal indication that the economy may have been on the part of recovery in terms of import-export trade balance has emerged from the latest report of the National Bureau of Statistics (NBS), released earlier in the week in Abuja. Data released showed that the marginal rise in exports, coupled with a slight decrease in imports brought the country’s trade ...

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