National Bureau of Statistics
On NBS and the Nigerian economy
The recent officially released figures by the National Bureau of Statistics (NBS) in January 2018 revealed that about 7.5 million Nigerians were doing nothing between January 2016 and December 30, 2017. In fact, it further revealed that out of a total active labour force of 85.08 million people in Nigeria, about 16 million people were…
Agriculture, trade, other services dominate economic activities in Q3 2017, says NBS
Agriculture, trade, other services, manufacturing and professional, scientific and technical services dominated economic activities in the third quarter of 2017, the National Bureau of Statistics (NBS) has said. The NBS in its labour force statistics volume 2: employment by sector report, which was released yesterday, stated that the sectors attracted 84.40 per cent of the…
Experts express mixed feelings on new consumer price index figures
The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), further dropped to 15.37 per cent in December 2017 from 15.90 per cent recorded in November of the same year. The NBS disclosed this in its CPI report for December 2017 released yesterday in Abuja. But top-notch economists spoken…
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).