A data review for the second quarter debt portfolio of the country released by the National Bureau of Statistics (NBS) has shown that the debt owed by every Nigerian on the average stood at N619,501. According to the data published by the Debt Management Office, Nigeriaâs public debt stood at N134.297 trillion as of the…
The average price of imported high-quality loose rice has risen by 144.77 per cent over the past year, according to a report by the National Bureau of Statistics (NBS). The selected food prices report published by the Bureau said the average price for a 50kg bag of imported rice has jumped from N49,103 in September…
Nigeriaâs capital importation, known as foreign investments, rose by 152.81 per cent to $2.604.50 million in the second quarter of 2024, compared to $1.030.21 recorded in the corresponding quarter of 2023. The National Bureau of Statistics disclosed this in its latest Capital Importation Data released on Tuesday. However, this represents a 22.85 per cent decline…
The countryâs unemployment rate rose to 5.3 per cent in the first quarter of the year (Q1 2024) compared to 5 per cent in Q4 2023, the National Bureau of Statistics (NBS) said Tuesday. According the Nigeria Labour Force Statistics Report, Q1 2024, the employment-to-population ratio was 73.2 per cent, a decrease of 2.4 per…
Nigeriaâs headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July 2024, reflecting a decrease of 1.25 percentage points. This represents the second consecutive monthly slowdown in inflation after easing in the previous month. This is according to the Consumer Price Index (CPI) report published by the National Bureau…
The National Bureau of Statistics (NBS) has said in the second quarter of 2024 (Q2 2024), Nigeria recorded N6.94trillion trade surplus. This was contained in its report titled: âNigeria Gross Domestic Product Q2 2024.â Which said the countryâs export was N19.4trillion while its import was N12.4trillion. NBS said in the period under review, the countryâs…