Nigeria’s GDP growth slowed in Q3 2022 amid “challenging economic conditions.” Eko Hot Blog reports that Nigeria’s Gross Domestic Product (GDP) grew by 2.25% (year-on-year) in real terms in the third quarter of 2022. EDITOR’S PICKS Nigerians Can Now Renew Student Visas Without Interview – US Why I Approved Redesign Of Naira Notes – Buhari … Read more
Kwara, Cross River, Oyo, and some other states paid the highest prices for cooking gas in October 2022, according to the NBS. Eko Hot Blog reports that the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 0.21% on a month-on-month basis from N4,474.48 recorded in September 2022 … Read more
The NBS has released the number of Nigerians living in multidimensional poverty. Eko Hot Blog reports that the National Bureau of Statistics (NBS) says 133 million Nigerians are multidimensionally poor. EDITOR’S PICKS End Of An Era: US Speaker Pelosi To Step Down As House Democratic Leader Troops Neutralise Bandit Leader, Repel Attack In Kaduna Soldier … Read more
Nigeria’s inflation increased further to 21.09% in October 2022. EKO HOT BLOG reports that Nigeria’s inflation rate jumped to a 17-year high of 21.09% in October 2022, representing a 0.32% point increase from the 20.77% recorded last month. This is coming as food inflation in October 2022 increased to 23.72% from 18.34% in the corresponding … Read more
The NBS says the prices of tomato, rice, and others rose in September. Eko Hot Blog reports that the National Bureau of Statistics (NBS) said that the prices of selected food items increased in September. EDITOR’S PICKS Why CBN’s Naira Redesign Plan May Hurt Nigeria’s Currency – Moghalu Finance Ministry Opposes Emefiele’s Plan To Redesign … Read more
Nigeria’s inflation rate has soared to 20.77% amid a disruption in the supply of food products. Eko Hot Blog reports that the Consumer Price Index (CPI), which measures the rate of change in prices of goods and services, rose to 20.77 percent in September 2022, up from 20.52 percent in August. EDITOR’S PICKS 2023: Tinubu, … Read more
Nigeria’s Inflation Rate Rises To 20.52% In August – NBS EKO HOT BLOG reports that the National Bureau of Statistics (NBS) on Thursday said Nigeria’s inflation rate rose to 20.52 per cent in August 2022. In its report titled, ‘CPI and Inflation Report August 2022’, the Bureau stated, “In August 2022, on a … Read more
No fewer than 54 men have been trafficked for sexual exploitation Nigerian Bureau of Statistics, NBS, revealed. EKO HOT BLOG reports that the Nigerian Bureau of Statistics, NBS, has disclosed that no fewer than 54 Nigerian men above the age of 18 were trafficked outside the country for sexual exploitation between 2019 and 2020. … Read more
Lagos, Oyo, 2 Others Attract $1.6bn Foreign Investments In Q1 By destination of investment, Lagos State remained the top destination in Q1 with $1.1bn accounting for 71.16 per cent of total capital investment in Nigeria EDITOR’S PICK: CBN Says Naira Notes Will Soon Be Out Of Circulation, Reveals Replacement How Govt Officials, Politicians Worsen Naira … Read more
The headline inflation rate slowed down in March 2022 when compared to the same month in the previous year The agency blamed the rise in the food index on increases in prices of bread and cereals, food products, potatoes, yam and other tubers, fish, meat, oil and fat EDITOR’S PICK JUST IN: Heavy Security Presence … Read more
Statistician-General Of The Federation Is Dead. The rumour of his death went around at the weekend but was debunked by the NBS. EDITOR’S PICK BREAKING: 4 Officers Feared Dead As Gunmen Attack Another Police Station In Anambra JUST IN: Tears As Pregnant Woman, Baby, Others Burnt To Death In Rivers’ Morning Fire 14-Year-Old Boy Drowns … Read more
Concerning the urban inflation rate, an increase to 16.25 per cent (year-on-year) in February 2022… The rural inflation rate increased to 15.18 per cent in February 2022 from 16.77 per cent in February 2021 EKO HOT BLOG reports that Nigeria’s consumer price index, (CPI) which measures inflation has increased to 15.70 per cent for the … Read more
The price of major staple food items surged in February 2022 amid petrol scarcity in Lagos State The price of a 200g carton of Noodles increased by 24.63% to sell for an average of N4,238 when compared to an initial average of N3,400 recorded in the previous month. Also, a big basket of tomatoes that … Read more
…indicating that many citizens in Nigeria depend on generators for electricity. EKO HOT BLOG reports that generators powered by petrol, diesel and gas provide 48.6 per cent of the electricity consumed by power users across the country, according to the latest data obtained from the National Bureau of Statistics (NBS). A document by the NBS … Read more
Lagos FCT Rivers among leading states in Nigeria with highest IGR per population as 2021 half-year IGR reaches N849.12bn … Lagos generated IGR of N267.2 billion is more than what the entire northern states generated and more than south-south and south-east put together. EKO HOT BLOG reports that the National Bureau of Statistics (NBS) says … Read more
The drop in the headline rate was driven by easing annual food inflation… EKO HOT BLOG reports that Nigeria continues to buck the global trend of rising prices, with consumer prices ticking lower for the seventh consecutive month. Nigeria’s inflation rate fell to 15.99 per cent in October compared with the same period last year, … Read more
Pay-As-You-Earn (PAYE) contributed the highest amount to the states with ₦488bn… EKO HOT BLOG reports that Lagos State recorded the highest Internally Generated Revenue (IGR) with ₦267bn, according to a report published by the National Bureau of Statistics (NBS). It was followed by the FCT with ₦69bn and Rivers, ₦57bn. Yobe State had the least … Read more
Lagos Government has cautioned drivers on traffic rules and safety compliance during the ember months. EKOHOTBLOG reports that the Lagos State Government has tasked drivers and other road users to obey traffic rules and regulations to avoid road crashes during the ember months and beyond. The Deputy Governor of Lagos State, Dr. Obafemi Hamzat, … Read more
.the report assesses the impact of COVID-19 on business enterprises in the country. At least 20 per cent of the full-time workforce in Nigeria lost employment during the COVID-19 pandemic in 2020, a new report released on Tuesday has revealed. The report tagged ‘The Impact of COVID-19 on Business Enterprises in Nigeria’, was jointly released … Read more
![NBS, Nigeria’s inflation rate, [JUST IN] Again, Nigeria’s Inflation Rate Rises To 17.33%](https://ekohotblog2.com/wp-content/uploads/2020/01/Inflation.jpg)
The National Bureau of Statistics (NBS) has announced Nigeria’s inflation rate for the month of August 2021. EKOHOTBLOG reports that the Consumer Price Index (CPI), which measures inflation, in August 2021 rose by 17.01 percent year on year from 17.38 percent in July 2021. Nigeria’s inflation rate was disclosed by the National Bureau of Statistics … Read more