Latest statistics from National Bureau of Statistics (NBS) has revealed that a total of N435.97 million was generated as revenue for passenger travel in the second quarter (Q2) of the year against N435.95 million in Q1.

The Gross Domestic Product (GDP) report of the National Bureau of Statistics (NBS) for the second quarter (Q2) showed a 0.45 per cent fall from 1.95 per cent in Q1, to settle at 1.5 per cent (year-on-year) in real terms.

In order to deliver on the yearnings of customers, Ikeja Electric (IE) Plc, has intensified the roll-out of prepaid meters to further close the metering gap within its network. The firm has also promised to reduce estimated billing with the deployment of prepaid meters. The company recently commenced the roll-out of 85,000 meters to cover…

Since the marginal recovery from the recession last year, the real estate sector is still lagging behind general economic performance because of an uncontrollable micro economic index. According to the National Bureau of Statistics, the sector contracted further to –9.4per cent in Q1’18 from -5.92per cent in Q4’17 and -3.1per cent in Q1’17. High borrowing…

The National Coordinator, Nigeria Living Standard Survey (NLSS), Tunde Adebisi, has said the National Bureau of Statistics (NBS) will spend $3.5 million in carrying out the living standard survey.

The National Bureau of Statistics (NBS) has said the economy is projected to hit two per cent growth in 2018 provided sustained agricultural growth is maintained.Consequently, the economy grew 1.5% in the Q2 of 2018; contracting from a 1.9% expansion....

The expectations of an end to the rhetorics of “potential” in the non-oil sector may remain unrealised, with assessed myriads of challenges and declining fortunes presently assailing the sector. According to the non-oil exporters, challenges revolving around products, pricing, paperwork, payment, promotion and policies need to be addressed for the non-oil export sector to contribute…

Among other reasons, the Petroleum Industry Bill (PIB) introduced about 17 years ago was intended to create a legal and regulatory framework, institutions and regulatory authorities for the petroleum industry and set guidelines for the operation of the country’s petroleum sector, which has remained the country’s highest revenue source, accounting for over 80 per cent…

Latest report from the National Bureau of Statistics (NBS), has revealed that 4,059 vehicles were involved in road crashes in second quarter (Q2), of the year. In the road transport data released on Tuesday, commercial vehicles represented the highest number of crashes with 2,447 representing 60.29 per cent, followed by private with 1568 (38.63 per…

Capital importation of telecommunications companies, which fell by 94 per cent in second quarter, may fall further, if the economy continues its steep fall. Capital importation is divided into three main investment types: Foreign Direct Investment (FDI), Portfolio Investment, and Other Investments, each comprising various sub-categories.   The National Bureau of Statistics (NBS) report for…

The Federal Government has borrowed no less than N1.47 trillion from deposit money banks in the last three months, possibly through debt instruments from its monetary authorities. The development, according to a National Bureau of Statistics (NBS) report, is coming when “oil economy” had stabilised besides other borrowings from international sources. While budget financing may…

The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS) N41 billion in Value Added Tax (VAT). Gov. Badaru Abubakar of Jigawa State, disclosed this while briefing State House Correspondents shortly after NEC meeting presided over by the Acting President, Prof. Yemi Osinbajo, on Thursday in Abuja. He said that…