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Tag: national bureau of statistics

NBS: ICT Sector Contributed 18.44% To Nigeria’s GDP In Q2, 2022

National Bureau of Statistics
The National Bureau of Statistics (NBS) yesterday said Information and Communication Technology (ICT) sector had contributed 18.44 per cent to ‘Nigeria’s Gross Domestic Product Report’ for Q2 2022. This isRead More

Oil Production Challenges, Inflation Retard Nigeria’s Economy In Q2 2022

Nigeria Oil Refinery
GDP growth slows to 3.54%, non-oil sector contributes 93.67% Nigeria Gross Domestic Product (GDP) grew by 3.54 per cent (year-on-year) in real terms in the second quarter of 2022, theRead More

Report: Growing Inflation Eroding Purchasing Power Of Nigerians

National Bureau of Statistics
Consumer spending now mostly limited to household essentials Most Nigerians are no longer be able to afford major expenditure on discretionary or non-essential goods and services as inflation has continuedRead More

NBS: Nigeria’s GDP Rose 3.98% In Q4 2021

National Bureau of Statistics
The National Bureau of Statistics (NBS) yesterday disclosed that Nigeria’s Gross Domestic Product (GDP) rose by 3.98 per cent in the fourth quarter of 2021, as the value of theRead More

Report: FG’s Domestic Borrowing To Exceed N2.6trn In 2022

Coronation Merchant Bank (CMB)
NBS Understates Economy by 25%, Says PwC Economist The Coronation Merchant Bank (CMB) has projected that the federal government’s domestic borrowings in 2022 would exceed N2.6 trillion, while estimating thatRead More

Report: 1.88m NMSMEs Killed By COVID-19, Insecurity, Others

National Bureau of Statistics
Sub-sector’s contribution to GDP drops by 3.5% The total number of Nano, Micro, Small and Medium scale Enterprises (NMSMEs) operating in the country dropped by about 1.88 million to 39.65Read More

NBS: GDP Grew By 4.03% In Third Quarter

National Bureau of Statistics
The National Bureau of Statistics (NBS) yesterday revealed that Nigeria’s Gross Domestic Product (GDP) grew by 4.03 per cent in the third quarter (Q3) of 2021, compared with the 5.Read More

Inflation Drops To 15.99% As Food, Commodity Prices Moderate

Inflation
The Consumer Price Index (CPI) which measures inflation dropped to 15.99 per cent (year-on-year) in Octo¬ber compared to the 16.63 per cent it recorded in September, the National Bureau ofRead More

Nigerian Inflation Drops To 16.63%

Inflation
The Consumer Price Index, (CPI) which measures inflation dropped to 16.63 per cent (year-on-year) in September compared to 17.01 per cent in the preceding month. According to the National BureauRead More

Nigeria Pumps Additional 155,000 bpd In September

Organisation of the Petroleum Exporting Countries (OPEC)
OPEC leaves demand unchanged for 2022 NNPC, tanker drivers strike deal on repair of bad roads, others Nigeria pumped about 155,000 additional barrels of crude oil per day (bpd) inRead More