The National Bureau of Statistics (NBS) has denied reports that Adeniran Adeyemi, the Statistician-General of the Federation, was summoned by the Department of State Services (DSS) for questioning. The clarification comes amidst the recent release of a contentious report on ransom payments in Nigeria by the NBS, which revealed that Nigerians paid a staggering N2.23…
The National Bureau of Statistics has revealed that Nigerians paid a total of N2.23tn as ransom over the 12 months between May 2023 and April 2024. This sum was paid by households affected by kidnapping incidents, highlighting the growing threat posed by criminal activities in the country. According to the NBS’s latest Crime Experience and…
Nigeria’s inflation rate surged to 34.60% in November 2024, according to the National Bureau of Statistics (NBS). A report by the bureau said the inflation rate showed an increase of 0.72% points, compared to the 33.88 percent recorded in October 2024. On a year-on-year basis, the headline inflation rate was 6.40 percent points higher than…
A survey by the National Bureau of Statistics (NBS) has identified Borno State as having the highest number of internally displaced households in Nigeria. According to a release by NBS yesterday revealed that Borno accounts for 206,753 of the 251,082 internally displaced households nationwide. The report also estimates that Nigeria is home to 1,134,828 internally…
President Bola Tinubu yesterday expressed delight over the latest report from the National Bureau of Statistics (NBS), revealing that the nation’s economy grew in the third quarter, outperforming the previous quarter and exceeding projections NBS in its report, said the country’s annual Gross Domestic Product, GDP, rose by 3.46 per cent in the third quarter…
The National Bureau of Statistics (NBS) has reported a significance drop in Nigeria’s unemployment rate to 4.3% in the second quarter of 2024, reflecting improved labor market conditions. The latest figures, released on Monday, show a decrease from 5.3% recorded in Q1 2024 and 5.0% in Q3 2023, signaling gradual recovery. The Labour Force Participation…
The National Bureau of Statistics (NBS) reports that the South-South region recorded has the highest average retail price for a 12.5kg cylinder of cooking gas in October 2024. Price of 5kg LPG Also Increases:State and Zonal Breakdown for 5kg Cylinders:The bureau’s latest report, titled Cooking Gas Price Watch, highlights a 58.68% year-on-year increase in the…
Nigeria’s inflation rate has increased to 33.88% in October 2024, from 32.70% in September, according to the Consumer Product Index report released by the National Bureau of Statistics on Friday. The movement indicated a 1.18 per cent point increase month-on-month. On a year-on-year basis, the headline inflation rate was 6.55 per cent points higher than…
Inflation in Nigeria has soared to 34.19percent in June 2024, fueled by a persistent rise in food prices. According to the National Bureau of Statistics (NBS), released on Monday, the June figure is 0.24 per cent higher than the 33.95 per cent recorded in May. The lowest figure in 2024 was 29.90 per cent, recorded…
The National Bureau of Statistics has said a total of 1,323 Nigerians have died in road accidents in the last quarter of 2023. According to the News Agency of Nigeria, this was disclosed in the NBS Road Transport Data Q4 2023 Report released in Abuja on Friday. The report said the total road accidents recorded…
