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Tag Archives: National Bureau of Statistics (NBS)

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 ...

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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 ...

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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 ...

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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, ...

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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 ...

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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). ...

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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 ...

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Recession bites harder as Nigeria’s first quarter GDP growth ebbs by -0.52%

NBS

The National Bureau of Statistics (NBS), Tuesday released the Gross Domestic Product (GDP) growth rate report for the first quarter, showing that the economy shrunk by -0.52 per cent in ...

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Food price index pushing inflation high even as overall percentage drops to 17.24 in April

Inflation rate

Whereas food price index indicated a rise from figures in March, annual inflation in Nigeria eased for the third straight month in April, landing to 17.24 percent from 17.26 percent ...

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Lagos, 21 others improve on IGR in 2016 financial year, 13 others recorded decline

FIRS

Fresh figures from the National Bureau of Statistics (NBS) has revealed that Internally Generated Revenue (IGR) indices for 35 states in the 2016 fiscal year have shown that 22 states ...

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