Nigeria’s inflation rate has gone up again, according to new data released by the National Bureau of Statistics (NBS). The annual inflation rate stood at 24.23% in March 2025, rising …
NBS
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BusinessEconomyFinance & ServicesNigeriaWestern Africa
Inflation Hits 24.23% in March, Says National Bureau of Statistics
The National Bureau of Statistics (NBS) has announced a rise in Nigeria’s inflation rate to 24.23% for March 2025. This figure shows an increase from the 23.18% recorded in February …
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AfricaAFRICA NEWSBanking, Finance & Investment
NBS Bank to reward customers for embracing digital channels
by Editorby EditorNBS Bank plc says it is taking its digital transformation efforts to the next level with the recent upgrade of its mobile banking platform to ensure that customers are rewarded …
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BusinessEconomyFinance & ServicesNigeria
Nigeria’s economic growth slows to 2.25% in third quarter of 2022
Nigeria’s economy grew by 2.25 per cent in real terms in the third quarter of 2022, the national bureau of statistics has said. The gross domestic product, which measures the …
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BusinessEconomyMarketsNigeriaOil & Gas
Average price for 5kg cooking gas in Nigeria increases to 71% in one year
The average price of refilling a five-kilogramme cylinder of cooking gas rose by 70.62 per cent year on year in October, the National Bureau of Statistics (NBS) has said. The bureau said …
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BuildingEconomyFood ProductionNigeriaOil & Gas
foreign exchange scarcity and fuel price push inflation to 21.09%
The increase in the price of fuel, scarcity of foreign exchange, and disruption in food supply chain pushed headline inflation to a new record high of 21.09 per cent in …
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BusinessEconomyManufacturing & Consumer GoodsNigeria
Rising inflation drives Nigerians consumption expenditure to N57tn
Rising inflation drove Nigerians’ consumption expenditure to N57.08tn in the first half of 2022. This is a 14.39 per cent increase from the N49.89tn that was spent in the corresponding …
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Business and EconomyNigeriaWestern Africa
Nigeria’s inflation hits increases by 20.8% amid soaring food prices
Nigeria’s inflation rate hit a 17-year high on the back of soaring food prices and supply chain disruption in September, a report by the National Bureau of Statistics (NBS) said on …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Nigeria’s inflation rises to a 17-year-high of 20.52% in August
Nigeria’s inflation rate surged to 20.52% in August, according to the National Bureau of Statistics consumer price index (CPI) report for August 2022, released on Thursday. The consumer price index (CPI), …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Nigeria exports goods worth N7.4tn in Q2, 2022
The latest report on foreign trade by the National Bureau of Statistics (NBS) shows that Nigeria recorded transactions worth N7.4trn to foreign countries in the second quarter of 2022. The …