According to the National Bureau of Statistics (NBS), 36 states shared N1.09 trillion as revenue from Value Added Tax (VAT) in Nigeria. Value Added Tax (VAT) in Nigeria has made news headlines in the last few days, as Governor Nyesom Wike of Rivers State dragged the federal government to court over the allocation of revenue generated … 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 released Nigeria’s inflation rate for the month of July 2021. EKOHOTBLOG reports that the Consumer Price Index (CPI), which measures inflation, has dropped further to 17.38 per cent (year-on-year) in July 2021. Nigeria’s inflation rate was disclosed by the National Bureau of Statistics (NBS) via its Consumer Price … Read more
Attacks on farms, forex scarcity and naira devaluation have contributed to seeing local food demand outweighing production… Nigeria’s inflation rate fell for the second consecutive month in May to 17.93 per cent from 18.12 per cent recorded a month earlier. The National Bureau of Statistics (NBS), onTuesday, said that the prices of goods and services, … Read more
The latest data by the NBS defy several predictions by economists, projecting a steady increase in inflation Nigeria’s headline inflation has dropped for the first time in 20 consecutive months, recording 18.12 per cent decrease in April year-on-year from 18.17 per cent reported in March. The National Bureau of Statistics (NBS) disclosed this in the … Read more
The National Bureau of Statistics (NBS) says residents of Lagos, Ebonyi and Niger states paid the highest amount for Premium Motor Spirit (PMS), popularly known as petrol in March. The NBS said this in its “Premium Motor Spirit (Petrol) Price Watch for March 2021’’ released on its website on Wednesday in Abuja. It said Lagos … Read more
The governor also disclosed that he had given approval for the auctioning of the station’s unserviceable vehicles but warned that the exercise must be carried through laid down procedures Gov. Abdullahi Sule of Nasarawa State has promised to make the state-owned broadcast station, Nasarawa Broadcasting Service (NBS), a world-class media organization. The governor spoke on … Read more
Nigeria’s total public debt portfolio as of Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. It made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website on Monday in Abuja. It added that the debt profile was for the States … Read more
kerosene price increases in February- NBS The National Bureau of Statistics (NBS) says the average price per litre paid by consumers for National Household Kerosene increased to N355.8 in February from N350.55 in January. The bureau said this in its “National Household Kerosene Price Watch (February 2021)’’ obtained from its website on Saturday in Abuja. … Read more
The National Bureau of Statistics (NBS) on Saturday said the average price for refilling five kilogrammes (5kg cylinder of Cooking Gas) increased to N2,018.91 in February from N1,949.02 in January. The bureau said this in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for February 2021 obtained from its website in Abuja. The NBS said … Read more
Nigeria, Africa’s largest economy, now ranks third on a list of countries with the highest unemployment rate globally. The country’s unemployment rate hit a new record high at 33.3 per cent in fourth quarter (Q4) 2020 from 27.1 recorded in second quarter (Q2) 2020. According to the Q4 unemployment report released by the Nigerian Bureau … Read more
The National Bureau of Statistics says in 2020, the foreign capital flow into Nigeria dropped by more than half to $9.68bn, its lowest level in four years. According to the NBS data, the Foreign capital flow into the country stood at $16.81bn in 2018, $12.23bn in 2017, and $5.12bn in 2016. YOU MAY ALSO LIKE: Lagos … Read more
Nigeria inflation rate reach its highest in over two years in November as prices of food item continue to skyrocket. Eko Hot Blog reports that the consumer price index used in gauging inflation rate surge to 14.89 percent in November on a year-on-year basis. The development is contained in a report released on Tuesday by … Read more
Extension Mr Yemi Kale, Statistician-General of the Federation, says the ongoing 2020 National Business Sample Census (NBSC) in Nigeria has been extended by two weeks. Kale disclosed this while fielding questions from journalists on the sidelines of the annual meeting of the National Consultative Committee on Statistics (NCCS) on Monday in Akwanga, Nasarawa state. The … Read more
Nigeria economy has taken a turn for the worse as the country officially slid into its worst recession in over 30 years. The gross domestic product numbers released by the National Bureau of Statistics on Saturday, showed that the nation recorded a contraction of 3.62 percent in the third quarter of 2020. This is the … Read more
Cooking Gas The National Bureau of Statistics (NBS) on Tuesday said average price for refilling five kilogrammes (5kg) cylinder of Cooking Gas decreased slightly to N1,953.71 in October from N1974.67 in September. The bureau said this in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for October obtained from its website on Tuesday in Abuja. … Read more
NOVEMBER 5, 2020 Nigeria’s National Bureau of Statistics, in a report it released in May, put the figure of Nigerians living in extreme poverty at 89.2 million Minister of Information, Lai Mohammed had also said that no government in the country’s history has alleviated poverty like the Buhari-led administration, citing the government’s N-Power, Trader Moni, … Read more
Foreign capital flows into Nigeria fell by 78 per cent to $1.29bn in the second quarter of this year from $5.85bn in Q1. The National Bureau of Statistics announced this on Friday, August 28. The NBS, in its capital importation report for Q2 2020, said the total value of capital importation into the country in … Read more
Nigeria’s rate of inflation, which is measured by the country’s Consumer Price Index, rose to 12.82 per cent in the month of July 2020, the highest ever recorded for the past 27 months. According to the National Bureau of Statistics in its July 2020 CPI and Inflation report released on Monday, the latest increase represents … Read more
A data released by the National Bureau of Statistics on the nation’s unemployment rate after a 20-month interval has shown that the unemployment rate in Nigeria rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018. The NBS, in its ‘Labor Force Statistics: Unemployment and … Read more
Many children who attended school before the closure of formal learning centres and suspension of educational activities due to the lockdown occassioned by the COVID-19 pandemic have not engaged in any learning/education activities. The government locked down the states as part of the measures put in place to check the spread of the COVID-19 pandemic. … Read more