National Bureau of Statistics
Manufacturers seek operability of off-grid solutions to improve operating cost
Although energy prices moderated across the country in November based on the latest inflation report by the National Bureau of Statistics (NBS), local manufacturers have urged the Federal Government to ensure the operability of Independent Power Producers (IPP) for on/off grid power generation and the Micro Grid Initiative in order to reduce operating costs. According…
Presidency hails improvement in nation’s economy
The Presidency on Monday welcomed the new Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS) as a clear indication of ongoing progress in the Nigerian economy.
Nigeria’s inflation further drops to 15.98 per cent in September
The National Bureau of Statistics (NBS) says inflation rate measured by the Consumer Price Index (CPI) has further declined to 15.98 per cent in September from 16.01 per cent in August.
Why is the MPC not making a rate cut?
In the same vein, the National Bureau of Statistics report for the second quarter of 2017 indicates that capital importation grew by 95 per cent over the previous quarter.
NECA faults NBS 2.19 % growth, says economy still in recession
Speaking in Lagos recently, its President, Larry Ettah, said major policy responses must be considered to ensure robust and sustainable growth, as well as effective implementation of the Economic Recovery and Growth Plan (ERGP).
Nigeria’s inflation rate drops for seventh consecutive month, says NBS
“Food price pressure continued into July as all major food sub-indexes increased. The food index increased by 20.28 per cent (year-on-year) in July, up by 0.37 per cent points from the rate recorded in June (19.91 per cent).
'Nigeria out of stagnation not recession'
Martin Onovo, who contested the 2015 presidential elections on the platform of the National Conscience Party, said that Nigeria was in a season of stagnation, rather than being in a recession.
NBS decries increased drug abuse
The Bureau explained that a total of 2,777 counselling cases were reported in 2016, as against 4,106 in 2015, while 2,774 counselling were concluded in 2016, as against 4,095 in 2015.