Nigeria’s Inflation declines by 0.52 % in March

The National Bureau of Statistics (NBS) on Thursday stated that the inflation rate dropped by 0.52 per cent in March to close at 17.26 per cent, the second decline recorded in two months. The first decline was recorded in February when inflation dropped by 0.94 per cent to close at 17.78 per cent. “This is……

FAAN: Nigeria’s Airports Record 15.2m Passengers

  Murtala Mohammed Intl. Airport Lagos: One of the airports that recorded passengers boom By Cecilia Ologunagba (NAN) The National Bureau of Statistics (NBS) has said that a total of 15,232, 597 passengers travelled through Nigeria’s airports in 2016. The NBS which disclosed this figure in a report on “Fourth Quarter 2016 and Full Year…

Inflation declines by 0.94 % in February

The National Bureau of Statistics (NBS) on Tuesday said that inflation dropped by 0.94 per cent in February, the first time in 15 months. In its latest Consumer Price Index (CPI) for February released in Abuja, the bureau stated that the index, which measured inflation increased by 17.78 per cent year-on-year. It, however, stated that……

Nigeria spent $13.8bn on fuel importation in 2016 –NBS

Despite claims by the Nigerian National Petroleum Corporation (NNPC) that the four Nigerian refineries are producing at 70 per cent capacity, it can be confirmed that the country imported petroleum products, estimated at about $13.8 billion in 2016 alone. This is blamed on inability of the refineries to attain up to 50 per cent output…

NBS reveals how 3.67m Nigerians became jobless in 2016

The National Bureau of Statistics, NBS, in its unemployment report for the fourth quarter (Q4) 2016 has revealed how 3.67 million Nigerians became jobless in one year. Also, the number of unemployed Nigerians rose from 7.51 million at the beginning of October 2015 to 11.19 million at the end of September 2016. High unemployment indicates……

Nigeria records increase of 6.5 per cent external trade in 2016 – NBS

The National Bureau of Statistics (NBS) said the value of the total trade at the end of 2016 was N17. 35 billion. The NBS said that the figure was 6.5 per cent higher than the value recorded in 2015. The bureau announced this in a report on“ Merchandise Trade Intensity Index/Re-exports for fourth quarter’’, released……

Nigerian government claims economy on its way out of recession

The Nigerian Government says there are indications that the Nigerian economy is well on its way out of recession considering the 2016 overall and last quarter Gross Domestic Product reports. Referring to a recent GDP figures released Tuesday by the National Bureau of Statistics, NBS, it said that the stats indicate a contraction of -1.30%…

Special report: Abuja thriving hard drugs districts unveiled

Abuja is regarded as one of the finest cities in Nigeria and also among the best in Africa. It is equally regarded as the fastest growing capital city in the continent. In the 2006 census, the city of Abuja had a population of 776,298, making it one of the ten most populous cities in Nigeria….

Unemployment rate rises to 13. 9 per cent – NBS

The National Bureau of Statistics says the country’s unemployment rate has risen from 13.3 per cent in the 2nd quarter to 13.9 per cent in the 3rd quarter of 2016. This is contained in the Unemployment/Under-employment Report for 3rd Quarter of 2016, released by the NBS on Friday in Abuja. The report stated that the…