National Bureau of Statistics
Manufacturers groan under rising inflation
For the fifth consecutive time this year, the Consumer Price Index (CPI) has continued to rise giving effect to the precarious situation Nigerians have found themselves with regard to the decrease ...
Nigeria’s economy to shrink on Brexit, says IMF
From the International Monetary Fund (IMF) has come the not-so-cheery news that Britain’s exit from the European Union (EU) would have negative impact on some nations including Nigeria.
Nigerian inflation rises to near 11-year high
Inflation in Nigeria surged to 16.5 percent last month -- its highest level in more than decade -- as prices of imported food and energy jumped after the government stopped propping up the currency, the National Bureau of Statistics said Monday.
Gains and threats in Nigeria’s entertainment sector
While Nigeria is not exempt from the negative forces on the global economy, there are occasional glimmers of hope.
Formal sector contributed 58.82% to economy, says NBS
On rail transportation contribution to the GDP, the informal sector made 0.0% contribution to the GDP in 2015, while the formal sector accounted for 100% of the GDP in the rail transport sector.
‘Why inflation, currency volatility may persist
Unless there is a fusion of monetary and fiscal policies, the push to tame the twin challenge of inflation and exchange rate volatility may remain efforts in futility, experts have said.
Banks bank on mass sack to stay afloat
For emphasis, GDP calculation is replete with individual contributions of all economic agents, including those of the employees in the private sector, like banks, which are currently under “siege”.
Nigeria inflation hits six-year high
Inflation in Nigeria rose to a more than six-year high in May, hitting 15.6 percent, the National Bureau of Statistics said on Tuesday.