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Business

Nigeria’s tax revenue to GDP falls below World Bank’s ratio

The National Bureau of Statistics (NBS) has revealed in its ‘Tax-to-GDP Ratio Revised Computation (2010-2021)’ report that Nigeria’s tax revenue to gross domestic product...

Business

Nigeria’s GDP falls to 2.31% in Q1, NBS blames CBN for economy’s underperformance

The National Bureau of Statistics (NBS) disclosed on Wednesday that Nigeria’s Gross Domestic Product (GDP) growth declined to 2.31 per cent in the first...

Business

Price Of Tomato Hits N811 Per KG As ‘Ebola’ Disease Causes Scarcity

Tomato has become a rich man’s commodity in Nigeria especially in the South-South region where scarcity has shot prices to average of N811 per...

Business

Inflation Rate Rises To 22.04 At End Of Q1, 2023

Nigeria’s annual inflation rate rose to 22.04 per cent as contained in the latest Consumer Price Index (CPI) report released on Saturday by the...

Business

‘Okada’ importation falls by 42.1% amid ban in Lagos, Kano others

Importation of motorcycles in Nigeria dropped by 42.1 per cent year-on-year, according to the 2022 importation bill obtained from the National Bureau of Statistics...

Business

Former NBS Boss, Kale, Says Model For Measuring Nigeria’s Inflation Outdated

As arguments on the accuracy of Nigeria’s inflation report heighten, Yemi Kale, the former Statistician-General of Nigeria and the Chief Executive Officer of the...

Business

Nigeria’s GDP Drops To 3.1% In 2022, Says NBS

The National Bureau of Statistics on Wednesday said Nigeria recorded annual Gross Domestic Product growth of 3.1 per cent in 2022.The NBS disclosed this...

Business

IMF queries NBS data on inflation rate, says it’s ‘severely outdated’

The International Monetary Fund (IMF) has queried the procedure used by the National Bureau of Statistics (NBS) to collate the monthly consumer price index...

Business

At N332.14 Per Litre, Imo Residents Paid Highest Price For PMS In January—NBS

Residents of Imo paid the highest price to buy Premium Motor Spirit popularly called petrol in the month of January this year, a report...

Business

Despite CBN’s Monetary Tightening Stance, Food Inflation Soars To 24.32% In January

Food prices in Nigeria have picked up to 24.32 per cent rate in the first month of this yearThe National Bureau of Statistics revealed...

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