Saturday, 9th December 2023

National Bureau of Statistics (NBS)

23 Nov
The price of automotive gas oil (AGO), also known as diesel, increased by 25.45 per cent in the last 12 months, worsening the cost of production and contributing substantially to the inflation rate. Within the period, subsidy removal also pushed up the average price of premium motor spirit (PMS) by 222.92 per cent. While petrol…
27 Oct
. Adamawa, Cross river, Abuja record highest price per litre of HHK There is no respite yet for Nigerian households as the prices of cooking gas and kerosene rise 1.81 per cent and 2.09 per cent respectively in September. The National Bureau of Statistics (NBS) in its Liquefied Petroleum Gas (Cooking Gas) and National Household…
28 Aug
Exactly how many Nigerians are unemployed is a question nobody may be able to find an accurate answer for in the foreseeable future. This is because Nigeria’s hyped unemployment rate dropped last Thursday, according to the National Bureau of Statistics (NBS), government’s agency saddled with the responsibility of coming up with the most accurate figure.
25 Aug
The Centre for Social Justice (CSJ) has dismissed the new methodology employed by the National Bureau of Statistics (NBS) in determining the level of unemployment and underemployment in Nigeria, describing it as “an act deliberately antithetical to Nigeria’s lived reality.”
15 Aug
The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 24.08 per cent in July 2023. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for July , which was released in Abuja on Tuesday. According to the report, the figure is 1.29 per cent points higher compared…
4 Jul
The National Bureau of Statistics (NBS) has said that the average fare paid by air travellers in Nigeria increased by as much as 34% in May 2023. The NBS disclosed this in its Transport Fare Watch Report for the month in question which was released in Abuja on Tuesday. According to the report, Kebbi State…
4 Jul
The National Bureau of Statistics (NBS) says prices of food items such as tomatoes, rice, and yams witnessed increases in May. It made the declaration in its Selected Food Prices Watch Report for May issued in Abuja on Tuesday. The report stated that the average price of 1kg of tomato on a year-on-year basis rose…
26 May
Others at that time were particularly not happy that the debt profile of the country would soon rise to $60 billion from less than the $20 billion it was before the present government came to power in 2015.
21 Mar
The National Bureau of Statistics (NBS), says the average retail price of a litre of Petrol increased from N170.42 in February 2022 to N263.76 in February 2023. It made the declaration in its Petrol Price Watch for February 2023 released in Abuja on Tuesday. It stated that the February 2023 price of N263.76 represented a…
10 Mar
A former boss of the National Bureau of Statistics (NBS), Oyeyemi Kale, has been appointed as a partner and chief economist at Klynveld Peat Marwick Goerdeler (KPMG) Nigeria. “The Partners and staff of KPMG Nigeria are pleased to welcome Dr Oyeyemi Kale to our firm as he assumes the role of Partner and Chief Economist…
12 Dec 2022
Nigeria’s trade in goods with the rest of Africa in about five years stood at N15.85 trillion, data obtained from the National Bureau of Statistics (NBS) have shown. The figure covers 2018 till September this year. The value translates to 9.3 per cent of the country’s total foreign trade in the period, underscoring the low…


15 mins ago
President Bola Ahmed Tinubu, on Thursday, in Abuja expressed optimism about the prospects of increased investments from Shell Petroleum Development Company of Nigeria (SPDC), emphasising Nigeria’s long-term relationship with the company..
55 mins ago
The Chief Medical Director, the University of Benin Teaching Hospital (UBTH), Prof Darlington Obaseki, has said cervical cancer represents a significant and pressing public health concern for adult females in Nigeria and other developing nations. Obaseki asserted while delivering the 296th Inaugural Lecture of the University of Benin (UNIBEN) entitled, "Microscopes, Milestones And The Maelstrom:…
1 hour ago
The Transmission Company of Nigeria (TCN), Benin region on Saturday embarked on facilities expansion and upgrade at work centers in Edo, Delta, Ondo and Ekiti states aimed at expanding the grid for increased capacity and improved quantity of power transmission to the distribution companies in the areas. The TCN General Manager in the region, Engr.…
1 hour ago
The Chairman of the House of Representatives committee on Insurance and Actuarian matters, Mr Ahmed Jaha Babawo has decried the appalling level of contribution of the insurance sector to Nigeria's gross domestic product (GDP).
1 hour ago
The management of Tantita Security Services Limited has described as bizarre, and mischievous an accusation by the Nigerian Navy that the company is involved in illegal activities along the coastal areas of Ondo State. The Navy had issued a statement on Thursday on the arrest of a 77-meter  long motor tanker for crude oil theft…
3 hours ago
The President of the Nigeria Institute of Public Relations (NIPR), Dr. Ike Neliaku, has inaugurated two committees on the forthcoming first edition of the Nigeria National Spokespersons' Awards (NNSA) scheduled for March 2024. This is part of the historic deal with the Image Merchants Promotion Limited (IMPR) - publishers of PRNigeria, Economic Confidential, Spokespersons' Digest…
3 hours ago
The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has allayed the fear about artificial intelligence in communication and national security. Kashifu spoke at the 2023 Security and Emergency Management Awards (SAEMA) and Spokespersons’ Communication Awards (SCA); 29 awards were presented to eminent security personnel, agencies, public relations experts, public…
4 hours ago
Manchester United went one step forward against Chelsea but have gone two steps back as they fell to an embarrassing 3-0 defeat against Bournemouth.
5 hours ago
Nigerian government has said that the surge of military coups in the West African is fast becoming a threat to the democratic culture in the region.
5 hours ago
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has called on African leaders to create quality jobs for its teeming unemployed youths to stem the trend of brain-drain bedeviling the continent.