From Our correspondent The National Bureau of Statistics (NBS) says Nigeria’s inflation rate rose to 34. 6 per cent in November, up by 0.8 per cent in October. TheNewsZenith reports that NBS published its latest consumer price index (CPI) data for November, on Monday. It stated that the rate represents an increase of 0.72 per […]
From Our Correspondent Nigeria’s public debt stock rose from N97.34 trillion ($108.23 billion) in the fourth quarter of 2023 to N121.67 trillion ($91.46 billion) in the first quarter of 2024. The National Bureau of Statistics (NBS) released the stock figures on its website Tuesday. It further stated that the Nigerian Domestic and Foreign Debt Report […]
By Our Correspondent The average price of some staple foods in Nigeria rose by 134.81 per cent on a year-on-year basis in February, according to the National Bureau of Statistics (NBS)’ latest report. TheNewsZenith quotes from the reports that the Bureau indexed 44 food items for February 2024. Some of them are rice, beans, beef […]
By Ismail Abdulaziz On assumption of office, President Bola Tinubu’s administration made its intention clear to rejig the nation’s ailing economy and make it robust enough to engender the development and growth of Nigeria. A few months into the four-year tenure of the administration, it has initiated many programmes to drive the economy towards growth. […]
From Our Correspondent Broadband penetration nearing 50% by year-end According to the Nigeria Bureau of Statistics (NBS) computation, the telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has risen to 16 per cent in the second quarter of 2023. The Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, announced […]
By Oluwashina Iyanda Nigeria‘s Gross Domestic Product (GDP) dropped by 1.78 per cent in the third quarter of 2022 from its level in the corresponding period in 2021. The GDP grew by 2.25 per cent in real terms in the third quarter of 2022 against the 4.03 growth rate recorded in the third quarter of […]