Inflation, the Consumer Price Index, for November surged to 28.20 per cent from 27.33 per cent recorded in October, the National Bureau of Statistics has reported. In its new ‘Consumer Price Index: November 2023’ released on Friday, the National Bureau of Statistics revealed that headline inflation surged by 0.87 percentage points in November to a…
National Bureau of Statistics has said the average retail price of a litre of petrol increased from N191.65 in September 2022 to N626.21 in September 2023. It made the declaration in its Petrol Price Watch for September 2023 released in Abuja on Saturday. The report stated that the September 2023 price of N626.21 represented a…
Inflation rises to 26.72%, no thanks to fuel subsidy removal Nigeria’s inflation rate continues increasing with the National Bureau of Statistics, NBS, reporting 26.72 per cent for September, 2023. The latest rate represents a 0.92 per cent increase from the previous month’s 25.80 per cent headline inflation. The NBS disclosed this on Monday via its…
The National Bureau of Statistics, NBS, has reported rising consumer price index, which measures headline inflation, for July 2023. According to the NBS in its latest report, inflation rate ballooned to 24.08 per cent in the month under review. In June, inflation was recorded at 22.79 per cent, but has now jumped by 1.29 percentage…
No respite in sight for the poor as costing of living keep climbing up with the headline inflation rate for June rose to 22.79%, from the 22.41 percent recorded in May. The Nigerian Bureau of Statistics, NBS, stated this in its monthly Consumer Price Index (CPI) report released on Monday. According to the NBS, the…
The National Bureau of Statistics says the country has recorded $1.13 billion total capital inflow in the first quarter of 2023 representing a 28% decline from $1.5 billion recorded in the corresponding quarter of 2022. The new record shows an increase 6.78% When compared to the preceding quarter, that is Q4 of 2022 with the capital…
Nigeria’s headline inflation rose to 22.04 percent year-on-year in March, the highest rate seen since September 2005. According to the National Bureau of Statistics, NBS, latest report represents an increase of 0.13 percent when compared to 21.91 percent February 2023 headline inflation rate. At the subnational level, “The inflation rate on a year-on-year basis was…
Nigeria recorded $1,060 billion capital importation in the fourth quarter 2022, the National Bureau of Statistics (NBS), reported on Wednesday. According to NBS, the Q4 figure was lower than the $2,187.63 million recorded in Q4 2021, indicating a decrease of 51.51 percent. “When compared to the preceding quarter, capital importation also fell by 8.53 percent…
