National Bureau of Statistics on Friday disclosed that Nigeria’s Gross Domestic Product in the third quarter of 2023 grew by 2.54 per cent year-on-year in real terms, adding that the growth rate is higher than the 2.25 per cent recorded in Q2, 2022, and higher than the second quarter 2023 growth of 2.51 per cent….
The price of a litre of Premium Motor Spirit, popularly known as petrol, has increased from N191.65 in September 2022 to N626.21 in September 2023, according to the National Bureau of Statistics (NBS). NBS, in its report, declared in its Petrol Price Watch for September 2023 released in Abuja on Saturday, stated that the September…
Nigeria’s unemployment rate dropped to 4.1 percent in the first quarter (Q1) of 2023, from 5.3 percent recorded in the previous quarter, according to the National Bureau of Statistics (NBS). The Informant247 gathered that the bureau had, in the fourth quarter (Q4) of 2020, pegged the country’s unemployment rate at 33.3 percent. According to a…
The National Bureau of Statistics on Monday, announced that Nigeria’s headline inflation rate increased for the sixth consecutive time to 22.79 per cent in June 2023. It was gathered that the inflation rate in Africa’s biggest economy rose to a new 17-year high of 22.79 per cent in June 2023 from 22.41 per cent in…
The average price of five kilogrammes of cooking gas increased from N4,600.57 in February to N4,610.48 in March, with Rivers recording the lowest price at N4,204.45, followed by Abia and Anambra at N4,220.15 and N4,232.75, respectively, the National Bureau of Statistics said. This is disclosed in NBS’ ‘Cooking Gas Price Watch’ for March 2023, released…
The National Bureau of Statistics (NBS) on Monday said that there were 222.6 million telephone subscribers in Nigeria as at end of 2022, saying the 2022 figure showed an increase of 27.1 million subscribers over the 195.5 million subscribers recorded at the end of 2021. The NBS, who stated the figures in its Telecoms Data:…
The National Bureau of Statistics (NBS) says an average passenger airfare increased from N38,253.36 in December 2021 to N74,597.30 in December 2022. According to its document titled: “Fare Watch for December 2022,” the airfare rose by 1.81% from in November 2022 of N73,267.57 to N74,597.30 in December 2022. The document in the period under review…
The National Bureau of Statistics (NBS) has stated that the price of Liquefied Petroleum Gas (cooking gas) rose by 27% from N3,594.81 in December 2021 to N4,565.56 in December 2022. The Informant247 gathered that the price increased by 0.36% from N4,549.14 in November 2022, on a month-on-month basis, This was contained in its document titled:…
The National Bureau of Statistics (NBS) has on Monday stated that airfare rose by 97.90 per cent in 12 months from November 2021. This is contained in a document titled: “Transport Fare Watch (November 2022),” the Bureau said average airfare rose from N37,022.97 in November 2021 to N73,267.57 in November 2022. “In air travels fare,…
The National Bureau of Statistics (NBS), said that prices of some selected food items experience an increment in November. This is according to the NBS Selected Food Prices Watch Report for November 2022, released in Abuja on Monday. The report said that the average price of 1kg boneless beef on a year-on-year basis, increased by…
The National Bureau of Statistics has said the average retail price of household kerosene paid by consumers in October was N1, 041.05 per litre. The NBS stated in its “National Household Kerosene Price Watch” for October 2022 that the average price was a 9.90 per cent increase over the N947.30 per litre recorded in September…
For the first time in the last eight months, inflation rate rose to 15.63% in December 2021 from 15.40% in November, the National Bureau of Statistics (NBS) report has said. It increased by 1.82%, according to its document titled: “Consumer Price Index December 2021 Report.” The NBS said, “The consumer price index, (CPI) which measures…
The National Bureau of Statistics (NBS) says inflation rate in Nigeria dropped further in the month of November 2021 to 15.4% from 15.99% recorded in the previous month. According to a recently released inflation report, the latest figures represent the lowest rate recorded since November 2020, when the CPI rose by 14.89%. Also, core inflation…
Between January 2019 and December 2019, a total of N30.6bn was earned as Internally Generated Revenue by the Kwara State, an analysis of figures obtained from the National Bureau of Statistics has revealed. The analysis of the states’ IGR report made available on Friday, May 22nd by the National Bureau of Statistics in its published…
