NBS says price of kerosene increased to N297 in September
The National Bureau of Statistics (NBS), said the average price per litre paid by consumers for National Household Kerosene increased to N297.28 in September from N288.75 recorded in August.
At 58, infrastructure, low purchasing power undermine real sector’s EODB
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.
Ikeja Electric rolls out 85,000 prepaid meters, pledges to reduce estimated billing
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…
How private developers stave off lull in property market
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…
Nigeria’s foreign debt stands at $22.08bn, local N3.48trn
The National Bureau of Statistics (NBS) has disclosed that Nigeria’s foreign debt stands at $22.08billion.
NBS to spend $3.5m on poverty statistics survey
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.
Price of cooking gas rises marginally – NBS
The National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas...
‘Why non-oil export sector may remain at level of potential’
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…
Unending search for growth, justice in oil/gas sector
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…
4059 vehicles involved in road crashes in second quarter
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…