The National Bureau of Statistics (NBS) has confirmed that its website has been hacked, adding to the growing wave of cyberattacks targeting public institutions in Nigeria. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and Families of Fallen Heroes Current Cement Prices: Dangote, BUA, Others This Festive Season Fatal Crash on Lagos Third Mainland Bridge; … Read more
Nigeria’s headline inflation rose to 34.60% in November 2024, marking a significant surge in the costs of goods and services across the country. EkoHotBlog reliably gathered that to the latest Consumer Price Index (CPI) data released by the Nigeria Bureau of Statistics (NBS), represents a 0.72% increase from 33.88% in October. The sharp rise in … Read more
The National Bureau of Statistics, NBS, says Nigerians paid N2.23tn as ransom to kidnappers in twelve months between May 2023 and April 2024. The bureau’s latest Crime Experience and Security Perception Survey report published on Tuesday, revealed that 65 per cent of households affected by kidnapping paid ransoms for the release of their loved ones … Read more
A recent report by the National Bureau of Statistics (NBS) has shed light on the alarming impact of criminal activities in Nigeria, particularly kidnapping. Eko Hot Blog reports that the report reveals that Nigerians paid a staggering N2.23 trillion in ransom payments between May 2023 and April 2024. EDITOR’S PICKS Badenoch ‘A Knock is Enough’ … Read more
Nigeria’s headline inflation rate rose to 34.60% in November 2024, up from 33.88% in October, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). EKO HOT BLOG reports that November figure represents a 0.72 percentage point increase from the previous month. On a year-on-year basis, the headline inflation … Read more
The National Bureau of Statistics, NBS, says prices of essential food items, including beans, eggs, bread, rice, and tomatoes, experienced significant hikes in September 2024. The NBS made this known in its Selected Food Prices Watch report for September 2024 released in Abuja on Wednesday. The report said that the average price of 1kg of … Read more
The National Bureau of Statistics, NBS, has disclosed that the average price of 5kg of cooking gas increased from N6,430.02 recorded in August to N6,699.63 in September 2024 This is contained in the Bureau’s “Cooking Gas Price Watch’’ for September 2024 released on Friday in Abuja. According to the report, the September price represented a … Read more
APC claims a Federal Government agency is feeding Nigerians with false inflation figures. Eko Hot Blog reports that the All Progressives Congress (APC) has baselessly claimed that the National Bureau of Statistics (NBS) is releasing false inflation figures to Nigerians. EDITOR’S PICKS Tunji Alausa, NAFDAC DG, NBMA DG Promise Action On Genetically Modified Foods Why … Read more
EKO HOT BLOG reports that the National Bureau of Statistics (NBS) has recently published a report indicating a notable increase in the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas Prices). According to the latest data update released by the government agency, the price of refilling cooking gas surged by … Read more
Eko Hot Blog reports that Nigeria’s inflation rate increased to 25.80% in August 2023 relative to the July 2023 headline inflation rate which was 24.08%. The August 2023 headline inflation rate shows an increase of 1.72% points when compared to the July 2023 headline inflation rate. EDITOR’S PICKS Here Are Alternative Routes As Third Mainland … Read more
Eko Hot Blog reports that Yemi Kale, former Statistician-General of the Federation, has faulted the new methodology used in computing Nigeria’s unemployment data. Kale spoke on Arise Television’s Global Business Report on Monday. Recall that the National Bureau of Statistics (NBS), on August 24, released a new report that pegged the unemployment rate at 4.1 … Read more
Eko Hot Blog reports that Nigeria’s unemployment dropped to 4.1% in the first quarter of 2023. This data was contained in the Nigeria Labour Force Survey Q4 2022 & Q1 2023 released by the National Bureau of Statistics on Thursday. The data also revealed that Nigeria’s unemployment rate was 5.3% in Q4 2022. In contrast, … Read more
EKO HOT BLOG reports that the National Bureau of Statistics (NBS) has said the Consumer Price Index (CPI) rose to 22.41 percent in May 2023, up from 22.22 percent in the previous month. EDITOR’S PICKS Shehu Sani Slams Wike’s Appointment Obsession, Questions APC’s Focus Arewa Women, APC Governors Back Tajudeen Abbas As House … Read more
Nigeria’s inflation rate has been rising for several months. Any hopes that it may cool in April vanished with the release of an NBS report on Monday. Notably, the rise from March 2023 to April 2023 was only 0.18%. Eko Hot Blog reports that Nigeria’s headline inflation rate in April 2023 rose to 22.22% relative … Read more
The Nigerian government is set to remove fuel subsidy, setting the stage for significant increase in petrol pump price. Although the subsidy is not officially removed, oil marketers across the country have raised prices in the last few months. In March 2023, Nigerians paid 42.63% more than they paid for fuel in March 2022. Eko … Read more
The NBS said Lagos had the highest active internet and voice subscribers in the country. The total number of active internet subscribers in Nigeria rose by 9.07% from Q4 2021 to Q4 2022. The total number of voice subscribers across the country grew by 13.87% from Q4 2021 to Q4 2022. Eko Hot Blog reports … Read more
The NBS has released the CPI and Inflation Report for March 2023. The CPI measures the average change over time in the prices of goods and services consumed by people for day-to-day living. The February headline inflation rate was 21.91%. Eko Hot Blog reports that Nigeria’s headline inflation rate rose to 22.04% in March 2023. … Read more
The GDP growth in the second quarter of 2022 was 3.54%. It dropped to 2.25% in the third quarter of the year on low oil production. However, the GDP growth rebounded in the fourth quarter of 2022. Eko Hot Blog reports that Nigeria’s Gross Domestic Product (GDP) grew by 3.52% (year-on-year) in real terms in … Read more
The NBS has revealed the average price of petrol in November. Eko Hot Blog reports that the National Bureau of Statistics (NBS) says the average retail price paid by consumers for Premium Motor Spirit (NBS), better known as Petrol, in November 2022, was N202.48. EDITOR’S PICKS Unfazed By Attacks, INEC Vows To Advance With 2023 … Read more
The price of Kerosene has increased by 9.90 percent between September and October 2022. EKO HOT BLOG reports that the National Bureau of Statistics (NBS) disclosed that consumers’ average retail price of household kerosene increased by 9.90 percent. EDITOR’S PICKS Tragedy As Police Allegedly Shoot Prince To Death In Osun, Four Injured PHOTOS: Police Arrest … Read more