NBS

Value Added Tax (VAT) for Q2 2022 in Nigeria is reported at N600.15 billion on aggregate, showing a growth rate of 1.96% on a quarter-on-quarter basis from N588.59 billion in Q1 2022, the National Bureau of Statistics has said. The NBS…

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) has increased by 7.57% on a month-on-month basis, from N3,921.35 recorded in May 2022 to N4,218.38 in June 2022. This is contained in the…

The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 202.67% on a year-on-year basis, the National Bureau of Statistics has said. In its Automotive Gas Oil (Diesel) Price Watch (June 2022) report, the…

Nigeria and Ghana have the capacity to transform the business environment of the African continent. The Chief Executive Officer of Ghana Enterprise Agency Mrs Kosi Antwiwaa Yankey-Ayeh stated this at the Nigerian Bar Association, Section…

The National Bureau of Statistics (NBS), in a recent report says primary cooking fuels, kerosene and Liquefied Petroleum Gas, otherwise referred to as cooking gas, recorded an 88 per cent price increase within in one year. According to…

The National Bureau of Statistics (NBS) says Nigeria’s inflation rate increased to 17.71 per cent on a year-on-year basis in May 2022. This is according to NBS Consumer Price Index(CPI) and Inflation Report May 2022 released in Abuja on…

The World Bank Group has urged that deep structural reforms guided by evidence are urgently needed to lift millions of Nigerians out of poverty, warning that just 17% of Nigerian workers hold the wage jobs best able to lift people out of…

The total value of capital imported into the country in the third quarter of last year (Q3, 2021) stood at $1.73 billion, representing 97.73 per cent increase compared to the $875.62 million recorded in the preceding quarter. According…

Nigeria’s capital importation rose to $1.73 billion in the third quarter of 2021, which is 98% higher than $875.6 million recorded in the preceding quarter (Q2 2021). This is contained in the capital importation report, released by the…

The National Bureau of Statistics says Nigeria’s mineral production in the mining and quarrying sector rose by 17.95% amounting to 64.3 million tons in 2020 from 54.5 million tons in 2019. This is according to the bureau’s Mineral…