Recession receding as inflation rate drops from 17.24% to 16.25%
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…
Dropping compliance collapses Value Added Tax revenue to N204.77bn in Q1
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…
Nigeria records N719.4bn balance of trade in Q1—NBS
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….
Recession bites harder as Nigeria’s first quarter GDP growth ebbs by -0.52%
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 the first quarter of this year. Analysts say the implication…
Food price index pushing inflation high even as overall percentage drops to 17.24 in April
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 in March. The National Bureau of Statistics (NBS) said in…
Lagos, 21 others improve on IGR in 2016 financial year, 13 others recorded decline
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 lead by Lagos and Rivers States were able to shore…
