Nigeria’s inflation rate decreased for the first time in roughly 11 months in December 2022, from 21.47% in November. In its most recent report on inflation,…
Browsing: National Bureau of Statistics
Many Nigerians are grappling with living costs as the inflation rate rose by 0.92 basis points to 20.52 per cent in August from 19.6 per cent…
According to the National Bureau of Statistics (NBS), bread, cereal, gas, and transportation prices all contributed to Nigeria’s inflation rate reaching a nearly 17-year high in…
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 15.63 percent in December 2021. In its…
Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021, the National Bureau of Statistics (NBS) has said.…
Nigeria’s inflation rate for the month of July 2021 dropped to 17.38% compared to 17.75% recorded in June 2021. The consumer price index, which measures the…
This is an indication of the dwindling purchasing power of Nigerians as it implies that Nigerians spent more on purchasing goods and services in the month of March, compared to February.
The inflation rate of West Africa’s second-largest economy, Ghana has slowed for the 3rd month in a row to a rate of 10.1%. However, food inflation…
In the first quarter of 2020 when the COVID-19 pandemic rampant food insecurity has been recorded in Lagos, Abuja, Kano and Rivers according to state statistics…
Data from Nigeria’s National Bureau of Statistics, NBS indicates that the country’s economy experienced some growth at the beginning of the year- growing by 1.87% year-in-year…