NBS – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 19 Mar 2026 06:56:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png NBS – InfoStride News https://www.theinfostride.com 32 32 Nigeria records 38% growth in Company Income Tax in H1 2025 https://www.theinfostride.com/nigeria-records-38-growth-in-company-income-tax-in-h1-2025/ https://www.theinfostride.com/nigeria-records-38-growth-in-company-income-tax-in-h1-2025/#respond Thu, 19 Mar 2026 07:00:01 +0000 https://www.theinfostride.com/?p=472538 Nigeria’s National Bureau of Statistics has reported a remarkable 38 percent growth in Company Income Tax (CIT) revenue in the first half of 2025, underscoring the government’s success in revenue mobilisation and the resilience of the corporate sector amid economic challenges. The increase reflects both improved tax compliance by businesses and the ongoing reforms in [...]

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]]> https://www.theinfostride.com/nigeria-records-38-growth-in-company-income-tax-in-h1-2025/feed/ 0 Nigeria’s Trade Surplus Falls by 10% in Q3 2025 – NBS https://www.theinfostride.com/nigerias-trade-surplus-falls-by-10-in-q3-2025-nbs/ https://www.theinfostride.com/nigerias-trade-surplus-falls-by-10-in-q3-2025-nbs/#respond Sat, 28 Feb 2026 11:00:39 +0000 https://www.theinfostride.com/?p=474337 Nigeria’s trade surplus declined by 10 per cent in the third quarter of 2025, according to the latest foreign trade statistics released by the National Bureau of Statistics. The drop reflects a combination of weaker export earnings and sustained import demand, underscoring ongoing structural challenges in the country’s external trade performance. Data from the NBS [...]

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]]> https://www.theinfostride.com/nigerias-trade-surplus-falls-by-10-in-q3-2025-nbs/feed/ 0 Nigeria’s Economy Expands by 4.23% in Q2 2025, Says NBS https://www.theinfostride.com/nigerias-economy-expands-by-4-23-in-q2-2025-says-nbs/ https://www.theinfostride.com/nigerias-economy-expands-by-4-23-in-q2-2025-says-nbs/#respond Wed, 28 Jan 2026 17:00:08 +0000 https://www.theinfostride.com/?p=467025 Nigeria’s economy recorded a growth rate of 4.23 percent in the second quarter of 2025, according to the National Bureau of Statistics (NBS). The latest data reflect a continuation of the country’s economic rebound, with both oil and non-oil sectors contributing significantly to the expansion. The report has been welcomed by policymakers and private sector [...]

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]]> https://www.theinfostride.com/nigerias-economy-expands-by-4-23-in-q2-2025-says-nbs/feed/ 0 Manufacturing Sector’s VAT Contribution Rises 39% to N803.5bn https://www.theinfostride.com/manufacturing-sectors-vat-contribution-rises-39-to-n803-5bn/ https://www.theinfostride.com/manufacturing-sectors-vat-contribution-rises-39-to-n803-5bn/#respond Thu, 22 Jan 2026 11:20:12 +0000 https://www.theinfostride.com/?p=465917 Nigeria’s manufacturing sector has recorded a significant boost in its Value Added Tax (VAT) contribution, climbing 39 percent to N803.5 billion, according to the latest figures from the National Bureau of Statistics (NBS). This surge underscores the sector’s resilience despite grappling with economic headwinds such as high production costs, inflationary pressures, and foreign exchange instability. [...]

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]]> https://www.theinfostride.com/manufacturing-sectors-vat-contribution-rises-39-to-n803-5bn/feed/ 0 Nigeria’s Real estate sector Grows to ₦41.3tn, Driving Economic Expansion https://www.theinfostride.com/nigerias-real-estate-sector-grows-to-%e2%82%a641-3tn-driving-economic-expansion/ https://www.theinfostride.com/nigerias-real-estate-sector-grows-to-%e2%82%a641-3tn-driving-economic-expansion/#respond Wed, 24 Dec 2025 10:48:06 +0000 https://www.theinfostride.com/?p=463324 Nigeria’s real estate sector has witnessed a remarkable upturn, surging to a market value of ₦41.3 trillion in the first quarter of 2025, according to recent data from the National Bureau of Statistics (NBS). This expansion not only underscores the sector’s resilience amid economic headwinds but also highlights its increasingly pivotal role in national economic [...]

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]]> https://www.theinfostride.com/nigerias-real-estate-sector-grows-to-%e2%82%a641-3tn-driving-economic-expansion/feed/ 0 FX Stability Sparks 90% Jump in Auto Imports https://www.theinfostride.com/fx-stability-sparks-90-jump-in-auto-imports/ https://www.theinfostride.com/fx-stability-sparks-90-jump-in-auto-imports/#respond Tue, 16 Sep 2025 08:45:44 +0000 https://www.theinfostride.com/?p=466693 Nigeria’s auto import sector has witnessed a dramatic surge, with the National Bureau of Statistics (NBS) reporting a 90 percent jump in vehicle imports, largely attributed to recent improvements in foreign exchange (FX) stability. The development marks one of the clearest signs yet that currency reforms and steady inflows are beginning to ease pressures on [...]

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]]> https://www.theinfostride.com/fx-stability-sparks-90-jump-in-auto-imports/feed/ 0 NBS Reports Fifth Consecutive Decline in Nigeria’s Inflation Rate https://www.theinfostride.com/nbs-reports-fifth-consecutive-decline-in-nigerias-inflation-rate/ https://www.theinfostride.com/nbs-reports-fifth-consecutive-decline-in-nigerias-inflation-rate/#respond Mon, 15 Sep 2025 17:02:41 +0000 https://www.theinfostride.com/?p=466631 Nigeria’s inflation rate has recorded its fifth consecutive monthly decline, according to the latest data released by the National Bureau of Statistics (NBS). This development has been welcomed as a positive sign for Africa’s largest economy, which has been battling persistent price pressures over the past three years. The moderation in inflation is being seen [...]

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]]> https://www.theinfostride.com/nbs-reports-fifth-consecutive-decline-in-nigerias-inflation-rate/feed/ 0 Nigeria’s Inflation Rate Eases to 21.88% in July https://www.theinfostride.com/nigerias-inflation-rate-eases-to-21-88-in-july/ https://www.theinfostride.com/nigerias-inflation-rate-eases-to-21-88-in-july/#respond Sat, 16 Aug 2025 07:04:19 +0000 https://www.theinfostride.com/?p=465150 Nigeria’s headline inflation rate slowed to 21.88% in July, according to the latest data released by the National Bureau of Statistics (NBS). The figure represents a slight decline from June’s 22.41%, marking the first noticeable moderation in price pressures since the beginning of the year. While the easing of inflation offers a glimmer of hope [...]

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]]> https://www.theinfostride.com/nigerias-inflation-rate-eases-to-21-88-in-july/feed/ 0 Nigeria Attracts $285 Million in Foreign Capital from African Investors – NBS https://www.theinfostride.com/nigeria-attracts-285-million-in-foreign-capital-from-african-investors-nbs/ https://www.theinfostride.com/nigeria-attracts-285-million-in-foreign-capital-from-african-investors-nbs/#respond Tue, 31 Dec 2024 00:06:07 +0000 https://www.theinfostride.com/?p=399337 Nigeria received $285 million in foreign capital inflows from African investors in the third quarter of 2024, according to data released by the National Bureau of Statistics (NBS). The figure highlights the growing interest of intra-African investments in Nigeria’s economy, driven by opportunities in key sectors such as energy, technology, and manufacturing. The NBS report [...]

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]]> https://www.theinfostride.com/nigeria-attracts-285-million-in-foreign-capital-from-african-investors-nbs/feed/ 0 NBS Allocates ₦35m for Cybersecurity Training Following Website Hack https://www.theinfostride.com/nbs-allocates-%e2%82%a635m-for-cybersecurity-training-following-website-hack/ https://www.theinfostride.com/nbs-allocates-%e2%82%a635m-for-cybersecurity-training-following-website-hack/#respond Mon, 30 Dec 2024 22:51:44 +0000 https://www.theinfostride.com/?p=399325 The National Bureau of Statistics (NBS) has earmarked ₦35 million for cybersecurity training as part of its efforts to enhance digital security measures after its website was recently hacked. The incident, which raised concerns about the vulnerability of critical government infrastructure, has prompted the bureau to prioritize building a more robust digital defense system. According [...]

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]]> https://www.theinfostride.com/nbs-allocates-%e2%82%a635m-for-cybersecurity-training-following-website-hack/feed/ 0 Insecurity: Don’t Politicise NBS Reports, Atiku Warns FG https://www.theinfostride.com/insecurity-dont-politicise-nbs-reports-atiku-warns-fg/ https://www.theinfostride.com/insecurity-dont-politicise-nbs-reports-atiku-warns-fg/#respond Sat, 21 Dec 2024 09:31:36 +0000 https://www.theinfostride.com/?p=398413 Former Vice President Atiku Abubakar has urged the Federal Government to address the findings of recent reports by the National Bureau of Statistics (NBS) on insecurity, rather than politicizing their implications. The reports, which highlight rising crime rates and their socio-economic effects, have sparked debates about the government’s approach to tackling insecurity. Atiku’s Call for [...]

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]]> https://www.theinfostride.com/insecurity-dont-politicise-nbs-reports-atiku-warns-fg/feed/ 0 Local Rice Prices Surge by 137%, Says NBS https://www.theinfostride.com/local-rice-prices-surge-by-137-says-nbs/ https://www.theinfostride.com/local-rice-prices-surge-by-137-says-nbs/#respond Sat, 07 Dec 2024 20:14:05 +0000 https://www.theinfostride.com/?p=396947 The National Bureau of Statistics (NBS) has reported a staggering 137% increase in the price of locally produced rice over the past year. The sharp rise, attributed to various economic and supply chain factors, has added to the financial burden of many Nigerian households, where rice is a staple food. Drivers of the Price Hike [...]

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]]> https://www.theinfostride.com/local-rice-prices-surge-by-137-says-nbs/feed/ 0 Residents of Nine States Spent N312.27bn on Cooking Gas – NBS https://www.theinfostride.com/residents-of-nine-states-spent-n312-27bn-on-cooking-gas-nbs/ https://www.theinfostride.com/residents-of-nine-states-spent-n312-27bn-on-cooking-gas-nbs/#respond Thu, 24 Oct 2024 18:59:34 +0000 https://www.theinfostride.com/?p=391863 The National Bureau of Statistics (NBS) has revealed that residents of nine Nigerian states collectively spent N312.27 billion on cooking gas in the third quarter of 2024. This figure highlights the increasing reliance on Liquefied Petroleum Gas (LPG) as a primary energy source for households, driven by government policies promoting cleaner energy and reducing dependence [...]

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]]> https://www.theinfostride.com/residents-of-nine-states-spent-n312-27bn-on-cooking-gas-nbs/feed/ 0 Nigeria’s Inflation Rate Drops to 32.15% in August, NBS Reports https://www.theinfostride.com/nigerias-inflation-rate-drops-to-32-15-in-august-nbs-reports/ https://www.theinfostride.com/nigerias-inflation-rate-drops-to-32-15-in-august-nbs-reports/#respond Sun, 15 Sep 2024 20:00:36 +0000 https://www.theinfostride.com/?p=389339 Nigeria’s inflation rate fell to 32.15% in August 2024, a slight drop from the 33.40% recorded in July, according to the latest Consumer Price Index (CPI) and Inflation Data released by the National Bureau of Statistics (NBS) on Monday. The report highlights a 1.25% decrease in the country’s headline inflation, marking the second consecutive month [...]

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]]> https://www.theinfostride.com/nigerias-inflation-rate-drops-to-32-15-in-august-nbs-reports/feed/ 0 Food inflation increases by 13.89%-points one year after Tinubu declares emergency on food security https://www.theinfostride.com/food-inflation-increases-by-13-89-points-one-year-after-tinubu-declares-emergency-on-food-security/ https://www.theinfostride.com/food-inflation-increases-by-13-89-points-one-year-after-tinubu-declares-emergency-on-food-security/#respond Wed, 17 Jul 2024 16:00:25 +0000 https://www.theinfostride.com/?p=383655 On 13th July, 2023 the administration of President Bola Tinubu which was barely two months old announced a state of emergency on food security and declared that matters about food and water availability be under the purview of the National Security Council. The state of emergency declaration on food security then follows concerns by the [...]

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]]> https://www.theinfostride.com/food-inflation-increases-by-13-89-points-one-year-after-tinubu-declares-emergency-on-food-security/feed/ 0 Most expensive states to buy fuel as of May 2024 https://www.theinfostride.com/most-expensive-states-to-buy-fuel-as-of-may-2024/ https://www.theinfostride.com/most-expensive-states-to-buy-fuel-as-of-may-2024/#respond Mon, 24 Jun 2024 20:58:33 +0000 https://www.theinfostride.com/?p=381370 The average retail price of Premium Motor Spirit (petrol) in Nigeria has been steadily climbing since the removal of the fuel subsidy in 2023, affecting virtually all sectors of the economy. According to the latest report from the National Bureau of Statistics (NBS), the nation’s average petrol price was N769.62 in May 2024, a 9.75% [...]

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]]> https://www.theinfostride.com/most-expensive-states-to-buy-fuel-as-of-may-2024/feed/ 0 Nigeria’s GDP Growth Softens in Q1 2024 at 2.98%, NBS Reports https://www.theinfostride.com/nigerias-gdp-growth-softens-in-q1-2024-at-2-98-nbs-reports/ https://www.theinfostride.com/nigerias-gdp-growth-softens-in-q1-2024-at-2-98-nbs-reports/#respond Fri, 24 May 2024 22:23:59 +0000 https://www.theinfostride.com/?p=378811 The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew by 2.98% year-on-year in real terms in the first quarter of 2024. This growth rate surpasses the 2.31% recorded in the first quarter of 2023 but falls short of the 3.46% achieved in the fourth quarter of 2023. The NBS [...]

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]]> https://www.theinfostride.com/nigerias-gdp-growth-softens-in-q1-2024-at-2-98-nbs-reports/feed/ 0 NBS: Imported Food Prices Surge Amid 33.69% Inflation https://www.theinfostride.com/nbs-imported-food-prices-surge-amid-33-69-inflation/ https://www.theinfostride.com/nbs-imported-food-prices-surge-amid-33-69-inflation/#respond Thu, 16 May 2024 21:37:41 +0000 https://www.theinfostride.com/?p=378191 The Consumer Price Index report released by the National Bureau of Statistics has revealed a significant rise in Nigeria’s inflation rate, reaching 33.69% in April 2024, marking a 200 basis point increase from the previous year. This surge, attributed to both internal and external factors, underscores the challenges facing the nation’s economy. The escalation in [...]

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]]> https://www.theinfostride.com/nbs-imported-food-prices-surge-amid-33-69-inflation/feed/ 0 Contribution of manufacturing sector to Nigeria’s GDP declines to 8.23% https://www.theinfostride.com/contribution-of-manufacturing-sector-to-nigerias-gdp-declines-to-8-23/ https://www.theinfostride.com/contribution-of-manufacturing-sector-to-nigerias-gdp-declines-to-8-23/#respond Sun, 28 Apr 2024 20:49:44 +0000 https://www.theinfostride.com/?p=376854 The contribution of the manufacturing sector to Nigeria’s GDP in the fourth quarter of 2023 dropped from 8.40%, as recorded in the corresponding period of the previous year, to 8.23%, according to the GDP report for Q4 published by the NBS. On a quarter-on-quarter basis, the sector’s contribution to GDP dropped by 0.19%, from 8.42% [...]

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]]> https://www.theinfostride.com/contribution-of-manufacturing-sector-to-nigerias-gdp-declines-to-8-23/feed/ 0 Lagos, Ondo, Taraba top list of states with highest Okada fares in March – NBS https://www.theinfostride.com/lagos-ondo-taraba-top-list-of-states-with-highest-okada-fares-in-march-nbs/ https://www.theinfostride.com/lagos-ondo-taraba-top-list-of-states-with-highest-okada-fares-in-march-nbs/#respond Sun, 28 Apr 2024 19:27:48 +0000 https://www.theinfostride.com/?p=376806 In March 2024, the average fare for Okada transportation per drop in Nigeria saw a modest year-on-year increase of 2.15%, reaching N472.16, up from N462.21 recorded in March 2023.   However, the fares in Lagos, Ondo, and Taraba states were significantly higher than the national average during the same month.   Lagos led with N850 per journey, [...]

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]]> https://www.theinfostride.com/lagos-ondo-taraba-top-list-of-states-with-highest-okada-fares-in-march-nbs/feed/ 0 Diesel prices increased to N1,341/litre in March 2024- NBS https://www.theinfostride.com/diesel-prices-increased-to-n1341-litre-in-march-2024-nbs/ https://www.theinfostride.com/diesel-prices-increased-to-n1341-litre-in-march-2024-nbs/#respond Sat, 20 Apr 2024 17:51:21 +0000 https://www.theinfostride.com/?p=376178 The average retail price of Automotive Gas Oil (Diesel) paid by consumers rose by 59.51% year-over-year, increasing from N840.81 per litre in March 2023 to N1341.16 per litre in March 2024. On a month-to-month basis, the price climbed by 6.69% from N1257.06 in February 2024 to N1341.16 in March 2024. State and regional breakdown Examining [...]

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]]> https://www.theinfostride.com/diesel-prices-increased-to-n1341-litre-in-march-2024-nbs/feed/ 0 Price of 5kg cooking gas increases by 42.97% in one year -NBS https://www.theinfostride.com/price-of-5kg-cooking-gas-increases-by-42-97-in-one-year-nbs/ https://www.theinfostride.com/price-of-5kg-cooking-gas-increases-by-42-97-in-one-year-nbs/#respond Sat, 20 Apr 2024 17:37:51 +0000 https://www.theinfostride.com/?p=376161 The average retail price to refill a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) rose by 42.97%, from N4,610.48 in March 2023 to N6,591.62 in March 2024, according to the National Bureau of Statistics (NBS). Comparatively, the price saw a monthly increase of 7.10% from N6,154.50 in February 2024. A state-level analysis shows that [...]

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]]> https://www.theinfostride.com/price-of-5kg-cooking-gas-increases-by-42-97-in-one-year-nbs/feed/ 0 Top 10 states where food is most expensive in March https://www.theinfostride.com/top-10-states-where-food-is-most-expensive-in-march/ https://www.theinfostride.com/top-10-states-where-food-is-most-expensive-in-march/#respond Mon, 15 Apr 2024 23:45:42 +0000 https://www.theinfostride.com/?p=375793 In March 2024, Nigeria’s inflation rate increased to 33.20% from 31.70% recorded in February 2024. However, food inflation for the month under review clocked 40.01% from 37.92% recorded in the previous month. By geopolitical zone, food inflation was highest in the South-South zone at 43.71% closely trailed by the South-East at 42.72% and the South-West [...]

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]]> https://www.theinfostride.com/top-10-states-where-food-is-most-expensive-in-march/feed/ 0 Lagosians adjust shopping habits in response to food price surge https://www.theinfostride.com/lagosians-adjust-shopping-habits-in-response-to-food-price-surge/ https://www.theinfostride.com/lagosians-adjust-shopping-habits-in-response-to-food-price-surge/#respond Sun, 24 Mar 2024 10:48:43 +0000 https://www.theinfostride.com/?p=373957 There has been a notable surge in the prices of essential food items across various markets in Lagos State in the past two weeks.   Notably, a carton of Minimie noodles has soared by 102.6%, jumping from N4,350 to N8,800. Similarly, a large bag of melon seeds now commands a price of N270,000, up from N220,000 [...]

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]]> https://www.theinfostride.com/lagosians-adjust-shopping-habits-in-response-to-food-price-surge/feed/ 0 Staple food prices increased by over 10% across Nigeria in February- NBS https://www.theinfostride.com/staple-food-prices-increased-by-over-10-across-nigeria-in-february-nbs/ https://www.theinfostride.com/staple-food-prices-increased-by-over-10-across-nigeria-in-february-nbs/#respond Sun, 24 Mar 2024 10:41:19 +0000 https://www.theinfostride.com/?p=373949 Major staple food prices across Nigeria increased by double figures month-on-month according to the NBS latest food price watch. According to the NBS Food Price Watch, on the average Food such as Garri, Rice, Beans, Beef, bread increased by as high as 25% with the lowest around 10% between January and February 2024. Rice The [...]

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]]> https://www.theinfostride.com/staple-food-prices-increased-by-over-10-across-nigeria-in-february-nbs/feed/ 0 Surge in Foreign Direct Investment: Manufacturing Sector Witnesses a $644 Million Increase, Reports NBS https://www.theinfostride.com/surge-in-foreign-direct-investment-manufacturing-sector-witnesses-a-644-million-increase-reports-nbs/ https://www.theinfostride.com/surge-in-foreign-direct-investment-manufacturing-sector-witnesses-a-644-million-increase-reports-nbs/#respond Fri, 23 Feb 2024 20:52:40 +0000 https://www.theinfostride.com/?p=371579 In a promising development for the Nigerian economy, the National Bureau of Statistics (NBS) has reported a substantial rise in Foreign Direct Investment (FDI) in the manufacturing sector. The infusion of an additional $644 million into manufacturing reflects growing investor confidence in the potential and prospects of Nigeria’s industrial landscape. The Infosride news explores the [...]

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]]> https://www.theinfostride.com/surge-in-foreign-direct-investment-manufacturing-sector-witnesses-a-644-million-increase-reports-nbs/feed/ 0 Nigeria’s Unemployment Rate Rises to 5% – NBS https://www.theinfostride.com/nigerias-unemployment-rate-rises-to-5-nbs/ https://www.theinfostride.com/nigerias-unemployment-rate-rises-to-5-nbs/#respond Tue, 20 Feb 2024 22:47:40 +0000 https://www.theinfostride.com/?p=371203 The National Bureau of Statistics (NBS) has reported a rise in Nigeria’s unemployment rate to 5%. This development underscores ongoing challenges in the country’s labor market and highlights the need for concerted efforts to address unemployment and underemployment among the population. The increase in the unemployment rate may be attributed to various factors, including population [...]

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]]> https://www.theinfostride.com/nigerias-unemployment-rate-rises-to-5-nbs/feed/ 0 NBS Reports: Companies Surge Salaries, Boosting Payrolls by N4.6tn in 6-Month Spree https://www.theinfostride.com/nbs-reports-companies-surge-salaries-boosting-payrolls-by-n4-6tn-in-6-month-spree/ https://www.theinfostride.com/nbs-reports-companies-surge-salaries-boosting-payrolls-by-n4-6tn-in-6-month-spree/#respond Thu, 30 Nov 2023 11:52:04 +0000 https://www.theinfostride.com/?p=362867 To address the mounting inflationary pressures in the nation, companies opted to boost their employees’ salaries by 18.35%, reaching a total of N29.45 trillion in the initial half of 2023. These figures, extracted from the National Bureau of Statistics’ ‘Nigerian Gross Domestic Product Report (Expenditure and Income Approach): Q1, Q2,’ signify a substantial increase from [...]

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]]> https://www.theinfostride.com/nbs-reports-companies-surge-salaries-boosting-payrolls-by-n4-6tn-in-6-month-spree/feed/ 0 Food Inflation: Average price of tomato rises 30% in one year – NBS https://www.theinfostride.com/food-inflation-average-price-of-tomato-rises-30-in-one-year-nbs/ https://www.theinfostride.com/food-inflation-average-price-of-tomato-rises-30-in-one-year-nbs/#respond Fri, 28 Oct 2022 22:24:25 +0000 https://www.theinfostride.com/?p=334980 The average price of 1kg tomato rose by 30.06% from N342.25 in September 2021 to N445.12 in September 2022.  This was disclosed by the Nigerian Bureau of Statistics (NBS) in its Selected Foods Price Watch Report for September 2022.  According to the report, the price of 1kg boneless beef rose by 24.39% year-on-year to N2,199.37. Part of the [...]

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]]> https://www.theinfostride.com/food-inflation-average-price-of-tomato-rises-30-in-one-year-nbs/feed/ 0 Headline inflation clears 20%, but slowdown in m/m suggests peak in sight https://www.theinfostride.com/headline-inflation-clears-20-but-slowdown-in-m-m-suggests-peak-in-sight/ https://www.theinfostride.com/headline-inflation-clears-20-but-slowdown-in-m-m-suggests-peak-in-sight/#respond Sat, 24 Sep 2022 19:27:52 +0000 https://www.theinfostride.com/?p=333025 The National Bureau of Statistics (NBS) published CPI data for August which showed that prices facing the average Nigerian climbed 20.52% on a y/y basis with renewed pressures in Food (+23.1% y/y) – a multi-decade high. Adjusted for food and fuel prices, underlying inflation (as proxied by the core inflation measure) accelerated to 17.1% y/y. [...]

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]]> https://www.theinfostride.com/headline-inflation-clears-20-but-slowdown-in-m-m-suggests-peak-in-sight/feed/ 0 Nigeria’s foreign trade rises to N12.8 trillion in Q2 2022 https://www.theinfostride.com/nigerias-foreign-trade-rises-to-n12-8-trillion-in-q2-2022/ https://www.theinfostride.com/nigerias-foreign-trade-rises-to-n12-8-trillion-in-q2-2022/#respond Mon, 12 Sep 2022 13:06:37 +0000 https://www.theinfostride.com/?p=332291 Nigeria recorded a total foreign trade of N12.84 trillion in the second quarter of 2022, representing a 32.2% increase compared to the corresponding period of 2021 (N9.71 trillion). However, when compared to the previous quarter, it decreased marginally by 1.2% from N13 trillion). This is contained in the recent report released by the National Bureau [...]

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]]> https://www.theinfostride.com/nigerias-foreign-trade-rises-to-n12-8-trillion-in-q2-2022/feed/ 0 Diesel price rises above N400/litre in Lagos https://www.theinfostride.com/diesel-price-rises-above-n400-litre-in-lagos/ https://www.theinfostride.com/diesel-price-rises-above-n400-litre-in-lagos/#respond Fri, 18 Feb 2022 20:42:10 +0000 https://www.theinfostride.com/?p=318855 The cost of diesel in major filling stations across Lagos surged past N400 per litre in recent days as fuel scarcity, rise in oil prices trigger general price increases in the cost of goods and services. Reports have it that most filing stations now sell diesel between N400 and N420 across Lagos up from an average [...]

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]]> https://www.theinfostride.com/diesel-price-rises-above-n400-litre-in-lagos/feed/ 0 Mining sector sees growth by 17.95% in 2020 says NBS https://www.theinfostride.com/mining-sector-sees-growth-by-17-95-in%e2%80%af2020%e2%80%afsays-nbs/ https://www.theinfostride.com/mining-sector-sees-growth-by-17-95-in%e2%80%af2020%e2%80%afsays-nbs/#respond Mon, 13 Dec 2021 21:29:44 +0000 https://www.theinfostride.com/?p=314580 Nigeria mineral production in the mining and quarrying sector rose bu 17.95% amounting to 64.3 million tons in 2020 from 54.5 million tons in 2019. The Top  three states with the biggest share of production in 2020 were Kogi (12.5 million tons), Ogun (12.1 million tons), and Cross River (8.9 million tons. Borno, on the [...]

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]]> https://www.theinfostride.com/mining-sector-sees-growth-by-17-95-in%e2%80%af2020%e2%80%afsays-nbs/feed/ 0 Increasing exchange rate undermine exports undertakings https://www.theinfostride.com/increasing-exchange-rate-undermine-exports-undertakings/ https://www.theinfostride.com/increasing-exchange-rate-undermine-exports-undertakings/#respond Sun, 12 Dec 2021 14:45:39 +0000 https://www.theinfostride.com/?p=314500 Poor government policies, lack of incentives for non-oil export and high exchange rate, among others have been highlighted as factors currently deteriorating the production of locally manufactured products for export sector in the country. NBS This is coming as the National Bureau of Statistics (NBS), revealed that the nation recorded a deficit trade balance of [...]

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]]> https://www.theinfostride.com/increasing-exchange-rate-undermine-exports-undertakings/feed/ 0 Why Nigeria consistently maintained a decline for about seven months – NBS https://www.theinfostride.com/why-nigeria-consistently-maintained-a-decline-for-about-seven-months-nbs/ https://www.theinfostride.com/why-nigeria-consistently-maintained-a-decline-for-about-seven-months-nbs/#respond Sat, 16 Oct 2021 21:10:09 +0000 https://www.theinfostride.com/?p=310564 The National Bureau of Statistics (NBS) has unveiled that Nigeria maintained an inflation decline for about seven months, due to the introduction of policies by the government which impacted positively on most of the commodities. This disclosure was made by Mr Simon Harry, Statistician-General of the National Bureau of Statistics (NBS), at a news briefing [...]

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]]> https://www.theinfostride.com/why-nigeria-consistently-maintained-a-decline-for-about-seven-months-nbs/feed/ 0 Mixed reactions as inflation eases to 17.38 per cent in July https://www.theinfostride.com/mixed-reactions-as-inflation-eases-to-17-38-per-cent-in-july/ https://www.theinfostride.com/mixed-reactions-as-inflation-eases-to-17-38-per-cent-in-july/#respond Wed, 18 Aug 2021 19:36:32 +0000 https://www.theinfostride.com/?p=304212 The headline inflation slowed for the fourth consecutive month in July from a year-on-year (YoY) growth of 17.75 per cent reported in June to 17.38 per cent. This was contained in the consumer price index (CPI) released by the National Bureau of Statistics (NBS) yesterday. The CPI measures the changes in prices of goods and [...]

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]]> https://www.theinfostride.com/mixed-reactions-as-inflation-eases-to-17-38-per-cent-in-july/feed/ 0 NBS: Nigerian government begins 4th MSMEs survey https://www.theinfostride.com/nbs-nigerian-government-begins-4th-msmes-survey/ https://www.theinfostride.com/nbs-nigerian-government-begins-4th-msmes-survey/#respond Tue, 17 Aug 2021 18:48:28 +0000 https://www.theinfostride.com/?p=304125 The Federal Government is set to begin the fourth round of the Micro, Small and Medium Scale Enterprises (MSMEs) survey. The disclosure was made on Thursday in Abuja at a news conference jointly addressed by the office of the Statistician-General of the Federation and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). Mr [...]

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]]> https://www.theinfostride.com/nbs-nigerian-government-begins-4th-msmes-survey/feed/ 0 NBS: Benue, Abia, Cross River paid highest for petrol in June https://www.theinfostride.com/nbs-benue-abia-cross-river-paid-highest-for-petrol-in-june/ https://www.theinfostride.com/nbs-benue-abia-cross-river-paid-highest-for-petrol-in-june/#respond Mon, 19 Jul 2021 20:38:15 +0000 https://www.theinfostride.com/?p=301310 The National Bureau of Statistics (NBS) says Benue, Abia and Cross River states paid highest for premium motor spirit (PMS), better known as petrol, at an average price of N175.22 in June 2021. This is contained in NBS report, titled: ‘Premium motor spirit (petrol) price watch (June 2021)’, released during the weekend. According to the [...]

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]]> https://www.theinfostride.com/nbs-benue-abia-cross-river-paid-highest-for-petrol-in-june/feed/ 0 Non-performing Loans Fell In The Third Quarter – National Bureau Of Statistics https://www.theinfostride.com/non-performing-loans-fell-in-the-third-quarter-national-bureau-of-statistics/ https://www.theinfostride.com/non-performing-loans-fell-in-the-third-quarter-national-bureau-of-statistics/#respond Tue, 15 Dec 2020 04:15:04 +0000 https://www.theinfostride.com/?p=278352 The latest figures from the National Bureau of Statistics have revealed that non-performing loans in the Nigerian banking sector reduced by N42.4bn in three months. The figures released by NBS on latest Selected Banking Sector Data Report shows that the total amount of non-performing loans in Nigerian banks reduced from N1.21 trillion at the end [...]

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]]> https://www.theinfostride.com/non-performing-loans-fell-in-the-third-quarter-national-bureau-of-statistics/feed/ 0 Sokoto State And Taraba State Are The Poorest In Nigeria – NBS https://www.theinfostride.com/sokoto-state-and-taraba-state-are-the-poorest-in-nigeria-nbs/ Mon, 04 May 2020 20:17:47 +0000 https://www.theinfostride.com/?p=254477 The National Bureau of Statistics, NBS has said 82.9 million Nigerians (40.1 percent) of the population are poor. This was revealed in its 2019 Poverty and Inequality in Nigeria study released on Monday. The stat involved data on household and individual demographics (age, gender, marital status, among others), access to education, health and basic services, [...]

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]]> Nigeria Gets N2.5trn From Petroleum Products In 3 Months | #Nigeria https://www.theinfostride.com/nigeria-gets-n2-5trn-from-petroleum-products-in-3-months-nigeria/ Thu, 20 Aug 2015 07:30:08 +0000 http://www.theinfostride.com/2015/08/nigeria-gets-n2-5trn-from-petroleum-products-in-3-months-nigeria/ Nigeria earned N2.512 trillion from the export of petroleum products in three months, between April and June 2015, according to data released Wednesday, by the National Bureau of Statistics (NBS). In its Foreign Trade Statistics for the Second Quarter of 2015, the NBS also stated that Nigeria recorded total merchandise trade of N4.372 trillion and [...]

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