Headline inflation edged down from 15.43% in July as monthly food inflation recorded a sharp slowdown, according to the National Bureau of Statistics. Nigeria’s headline inflation rate eased marginally to…
Nigeria’s raw material exports rose 106% year-on-year to N3.84 trillion in H1 2026, despite concerns over low value addition and weak manufacturing. Nigeria's raw material exports rose by 106 percent…
Nigeria’s petrol import bill surged 989.4% to N952.15bn in Q2 2026 despite rising domestic refining capacity and increased petrol exports. Nigeria's petrol import bill rose by 989.4 percent to N952.15…
Nigeria's GDP increased by 4.07 percent (year on year) in real terms in the fourth quarter of 2025. The National Bureau of Statistics (NBS) disclosed the change in its most…
Yemi Kale, former statistician-general of the National Bureau of Statistics (NBS), says approximately 89 million people, or 40 percent of Nigeria’s population, live below the poverty line. Kale, chief economist…
The National Bureau of Statistics (NBS) reports that Nigeria had a trade surplus of N7.46 trillion in the second quarter (Q2) of 2025. A trade surplus is an economic indicator…
