Strategic business activities that shaped Nigerian economy last week ending May 12
The business week in review took off with the National Bureau of Statistics’ (NBS) capital importation report for the first quarter of 2018 shows that Nigeria imported total capital of USD6.30 billion during the period, representing 594.03% y/y and 17.11%…
Sights and sounds of Nigerian economy last week ending April 14, 2018
One of the major developments that trended last week was the declaration by President Muhammadu Buhari to run for re-election in the upcoming 2019 general election. However, the declaration failed to elicit any meaningful reaction on the movement of stocks…
Leading activities on the Nigerian economy last week ending Mar 30, by BHIU
Last week business activities were ushered in with the revelation from the National Bureau of Statistics’ (NBS) Domestic and Foreign Debt report for Q4-17 and 2017FY, which noted that Nigeria’s foreign and domestic debts stood at USD18.9bn and NGN3.35trn respectively…
Nigeria inflation rate continues on its crawling drop, ebbs to 14.33% in February
The National Bureau of Statistics (NBS) on Wednesday released the country’s Consumer Price Index (CPI) which shows that inflation rose by 14.33 per cent (year-on-year) in February 2018. The bureau in the report said the 14.33 per cent rate for…
Claims of trade surplus deceptive as only crude oil accounts for 83%, not non-oil export
Recent report by the federal government that the Economic Recovery and Growth Plan (ERGP) is working following the record of higher exports than imports in previous quarter has been seen as naïve by experts in international trade. The government had…
Latest NBS’s report on economy shows snail speed recovery, real sector weakest
More indications that the Nigerian economy is still in need of serious policy actions for fast recovery have been revealed by the latest report of the National Bureau of Statistics (NBS). Otherwise, though the just released Nigeria’s Q4-2017 GDP figure,…
Nigeria’s inflation continues in its creeping drop, stood at 15.13 % in January
The National Bureau of Statistics (NBS) has released data on Nigeria’s inflationary trend for the month of January, saying the Consumer Price Index (CPI) has further dropped to 15.13 per cent in January from 15.37 per cent recorded in December,…
Why Discos are not serious in metering consumers with prepaid
Whereas the National Bureau of Statistics (NBS) has revealed that well over 50% of electricity users in Nigeria are not metered, experts have given clear reason why it has been so and will continue to be so for a long…
NBS report shows boom in banking sector as deals climb to 213.69m in Q3
The National Bureau of Statistics (NBS) this week, made public the Selected Banking Sector Data including Sectorial Breakdown of Credit, ePayment Channels, Deposits & Domestic Credit Breakdown and Staff Strength report for the third quarter of 2017. A report compiled…
Nigeria most motorized nation in Africa, EU, S’America—NBS
Whereas the National Bureau of Statistics (NBS) has revealed Nigeria’s population to be now at 193,392,517, the agency also disclosed that there are about 11,547,236 vehicles of various types across the federation. According to analysts who barred their minds with…
