Nigeria’s economy recorded a real Gross Domestic Product (GDP) growth of 3.89 per cent year-on-year in the first quarter of 2026, according to figures released by the National Bureau of Statistics. The latest report showed an improvement from the 3.13 per cent growth recorded in the corresponding period of 2025, with agriculture emerging as the…
Nigeria’s oil and gas industry recorded $17.98 million in capital inflows in 2025, according to the latest report by the National Bureau of Statistics (NBS). This marks a significant rise from the $5.12 million recorded in 2024, signaling a gradual return of investor confidence in the country’s hydrocarbon sector. The increase in inflows coincides with strong performance in the gas…
Nigeria spent a staggering N7.65 trillion on food and beverage imports in 2025, according to the latest Foreign Trade Statistics released by the National Bureau of Statistics (NBS). The report shows that the imports included both primary food products and processed food items, used for industrial production and household consumption, highlighting the country’s growing dependence on foreign food supplies. These numbers reveal that a significant portion…
Nigeria generated ₦2.28 trillion in Value Added Tax (VAT) revenue in the third quarter of 2025, according to the National Bureau of Statistics (NBS). In its latest report, the agency stated that the Q3 figure represents a 10.66 percent increase on a quarter-on-quarter basis from the ₦2.06 trillion recorded in Q2 2025. On a year-on-year basis, VAT…
Nigeria’s total capital importation rose sharply by 380 per cent to $6.01 billion in the third quarter (Q3) of 2025, according to new data released by the National Bureau of Statistics (NBS). The NBS report shows a significant rebound compared to the corresponding period in 2024, reflecting improved foreign investor confidence and increased inflows across…
The International Monetary Fund (IMF) has expressed support for Nigeria’s December 2025 inflation figures and praised the National Bureau of Statistics (NBS) for revising its inflation measurement methodology, noting that the changes align with international best practices and promote macroeconomic stability. In a statement released on Thursday on behalf of the IMF Resident Representative for…
The National Bureau of Statistics (NBS) has announced that it will release two separate inflation figures for December, following concerns over an apparent spike in the headline rate triggered by changes to Nigeria’s Consumer Price Index (CPI) methodology. According to a Bloomberg report, the decision follows the recent rebasing of the CPI, which caused the…
Nigeria’s headline inflation rate declined to 14.45 per cent in November 2025, easing from 16.05 per cent in October, according to the latest Consumer Price Index (CPI) report released on Monday by the National Bureau of Statistics (NBS). The moderation represents a 1.6 percentage-point drop month-on-month, marking a continued slowdown after years of steep price…
The National Bureau of Statistics (NBS), in partnership with the United Nations Children’s Fund (UNICEF), on Thursday launched the seventh round of the Multiple Indicator Cluster Survey (MICS 7). The survey is designed to produce high-quality data to inform policy decisions on the rights and welfare of children and women. MICS is a government-led, NBS-coordinated flagship…
According to a report by the National Bureau of Statistics (NBS), Nigeria’s economy expanded by 4.23% year-on-year in the second quarter of 2025. This marks a significant improvement compared to 3.48% in Q2 2024 and 3.13% in Q1 2025, reflecting stronger economic momentum across key sectors.
