NBS reveals how MTN tops subscribers’ base as Glo flows
Details from the National Bureau of Statistics (NBS) on its latest fact-sheet have revealed that MTN Nigeria has the highest share of subscriptions in the country. In its second quarters (Q2) and third quarter (Q3) 2020, publication on telecoms data…
Nigeria inflation, CPI on fastest pace of consumer price growth in 2 years
Nigeria’s headline inflation sustained its upward trajectory for the sixth consecutive month, with the February CPI data printing 12.20% y/y (January: 12.13% y/y). Accordingly, this is the fastest pace of consumer price growth witnessed since April 2018. Fact checks showed…
MAN, LCCI rue 2.55% growth, identify three drawbacks of GDP in Nigeria
Even though Nigerian government officials and a section of financial analysts are upbeat that Nigerian economy has overtaken South Africa considering its current technical recession status, the leadership of both the Manufacturers Association of Nigeria (MAN) and the Lagos Chamber…
Nigerian economy shocks W’Bank, IMF grows 2.28% y/y in Q3-19
Amidst dwindling fortunes of businesses in Nigeria over harsh operating environment and new high tax regimes, Nigeria’s economic growth strengthened in Q4-2019, driven by sharper than expected growth in non-oil GDP. According to the National Bureau of Statistics (NBS), GDP…
Expect more hyper jump in inflation as January climb to 12.13%
Experts have further warned that Nigeria’s Consumer Price Index (CPI) which measures inflationary trend may continue to escalate pending when workable economic policies are introduced and implemented religiously. Reviewing the 12.13% year-on-year inflation increment as reported by the National Bureau…
Border closure pushes up food inflation to 13.51% y/y from 13.17% in August
More blows have continued to hit the Nigerian economy following the August 21st unilateral closure of land borders. The latest minus for the economy is coming from the Consumer price index (CPI) or inflation rise in the month of September…
Economy continues on slower growth as real GDP hovers around 1.94%
The latest figures released by the National Bureau of Statistics (NBS) on Nigeria’s Q2-19 GDP figure, showed that the economy grew slower, with real GDP printing 1.94% y/y (vs. an upwardly revised 2.10% y/y in the previous quarter and 1.89%…
Prohibitive prices of kerosene, diesel dealt with industries, households in Jan.—NBS
One of the key revelations of the latest data from the National Bureau of Statistics (NBS) showed that the price of kerosene increased month-on-month (MoM) by 5.35 percent to N306.28 per litre last month from N290.74 in December 2018 while…
LCCI report reveals how non-oil sector improved Nigeria’s GDP YoY
Fresh report on Nigeria’s Gross Domestic Product (GDP) Alert by the Lagos Chamber of Commerce and Industry (LCCI), has revealed that the he Nigerian Economy Improved by 2.4 % in 2018Q4 and 1.9 % in 2018 Full Year (FY) The…
Nigeria’s Inflation rate increases in Dec 2018 —NBS
The National Bureau of Statistics (NBS), says the Consumer Price Index which measured inflation increased to 11.44 per cent (year-on-year) in December 2018 from 11.28 per cent recorded in November 2018. The NBS disclosed this in its “CPI and Inflation…
