Tuesday, 19th March 2024
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National Bureau of Statistics

4 days ago
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 31.70 per cent in February 2024.
23 Feb
Nigeria's economy grew 3.46 per cent in the fourth quarter of 2023, sustaining the third consecutive expansion since President Bola Tinubu assumed office as president.
20 Feb
National Bureau of Statistics (NBS) has said Nigeria’s unemployment rate increased significantly by five per cent in the third quarter (Q3) of 2023, as against 4.2 per cent in previous quarter.
6 Feb
From a level of 21.34 per cent as of end-December 2022, Nigeria’s headline inflation maintained a consistent upwards trajectory, closing year 2023 at 28.92 per cent—a rate widely considered to be the highest in about three decades.
22 Jan
The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N4,828.18 recorded in November 2023 to N4,962.87 in December 2023.
9 Jan
2023 was a truly unpleasant year, dominated by the removal of fuel subsidies, higher inflation that affected real disposable incomes and devaluation of the naira, among others.
14 Sep 2023
The growth of the Internet and mobile phone services in Nigeria is gradually killing postal services as most people resort to the digital exchange of important documents. The effect of this could be seen in the latest report by the National Bureau of Statistics (NBS), which shows that the total revenue generated from postal activities…
6 Sep 2023
The National Bureau of Statistics (NBS) of Nigeria underwent a revision of its unemployment rate calculation methodology in 2023. The new approach aligns with the International Labour Organisation's (ILO) guidelines, recognised as the international standard for unemployment measurement. This substantially decreased the reported unemployment rate, dropping from 33% in Q4 2020 to the current 4.1%.…
25 Aug 2023
• Methodology defies reality • Experts describe drop in rate an undercount • 92% Nigerians informally employed – NBS • Group calls for accessibility, employment opportunities for PWDs Nigeria’s unemployment rate has recorded a dramatic drop from 33.1 per cent reported in March 2021 to 4.1 per cent for the first quarter of 2023, the National Bureau…
26 May 2023
With the steady rise in the price of cooking gas and kerosene, which has escalated the cost of making a meal in Nigeria in recent times, the multidimensional challenges facing average Nigerians under the outgoing administration have worsened.
25 May 2023
In a few days, President Muhammadu Buhari, who is eager to retire peacefully, will leave Nigerians and Nigeria in fragile pieces, as well as an economy that is struggling to survive.
27 Apr 2023
As Nigerians await the release of labour market data by the National Bureau of Statistics (NBS) in May, experts have predicted that the unemployment figures are expected to worsen, following the protracted poor performance of the economy in the past few years.

Latest

2 mins ago
The Nigeria Labour Congress (NLC) has urged the Federal Government to speedily pay up outstanding salaries of members of the Non-Academic Staff Union of Educational (NASU) and Associated Institutions and Senior Staff Association of Nigerian Universities (SSANU).
6 mins ago
Following the disruption on March 14, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d'Ivoire and Senegal, the Nigerian Communications Commission (NCC) has confirmed services being restored to approximately 90 per cent at optimal level.
10 mins ago
An equitable energy transition is critical to realisation of the United Nations Sustainable Development Goals (SDGs), OPEC Governor for Nigeria, Ambassador Gabriel Aduda, has stressed.
13 mins ago
Muslim Ummah of South West Nigeria (MUSWEN) has exonerated the current administration from the pervasive hardship in the country, noting that the development is a cumulative effect of poor policies over the years.
53 mins ago
As inflation shaves off savings of many low and middle-income class Nigerians amid rising construction costs, homeownership plans are being deferred as untamed food prices continue to bite deeply into household incomes. 
1 hour ago
A faction of Igbo socio-cultural organisation, Ohanaeze Ndigbo, yesterday, cautioned President Bola Tinubu on the handling of security challenges in the country.
1 hour ago
Nigeria’s electricity Distribution Companies (DisCos) may have spent an average of N670,000 to purchase each prepaid meter and other accessories through a N273.3 billion facility obtained from the Central Bank of Nigeria (CBN).
1 hour ago
The Court of Appeal, yesterday, upheld the judgment of a Federal High Court that the Federal Road Safety Commission’s (FRSC) officials can operate on all roads in the Federal Capital Territory (FCT), Abuja.
1 hour ago
Former two-term member of the House of Representatives for Ikwuano/Umuahia Constituency, Sam Onuigbo, has said that non-Northeasterners also benefit from the North East Development Commission’s (NEDC) activities and projects.
1 hour ago
Civil Society Organisations (CSOs) have called on the Economic and Financial Crimes Commission (EFCC) to save the image of Nigeria by avoiding being used as a weapon of political battles.