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NBS
News and analysis about NBS
Food prices in Abuja recorded mixed movements in September 2025, with some staples dropping significantly while others witnessed fresh increases.
Nigeria’s import bill for arms and ammunition surged in the first half of 2025, as the country spent...
Nigeria’s palm oil industry is undergoing a major revival, driven by rising local production, declining imports, and record profits from listed processors.
Nigeria’s Finance and Insurance sector posted a real-term growth of 16.13% in the second quarter of 2025, marking...
Nigeria’s economy accelerated to 4.23% year-on-year growth in Q2 2025, beating the 3.13% recorded in Q1 and 3.48% in Q2 2024, according to National Bureau of Statistics (NBS) data.
Nigeria’s non-oil economy, long regarded as the anchor of growth, saw its dominance slightly eroded in the second quarter of 2025 as oil output rebounded strongly.
Nigeria’s Gross Domestic Product (GDP) grew by 4.23% year-on-year in real terms in the second quarter of 2025,...
The National Bureau of Statistics (NBS) may soon gain financial autonomy as lawmakers push for reforms to strengthen the agency’s independence and improve the credibility of national data.
The Centre for the Promotion of Private Enterprise (CPPE) has welcomed the sustained moderation of Nigeria’s inflation rate but cautioned that consumer confidence remains fragile due to persistently high food prices and weak household purchasing power.
Ekiti State emerged as the most expensive place to live in Nigeria in August 2025, making history as the first South-Western state to top the inflation rankings since the rebasing of the Consumer Price Index (CPI) in January.
Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, providing some relief for consumers already weighed down by high living costs.
Nigeria’s headline inflation rate eased to 20.12% in August 2025, a decline from 21.88% recorded in July 2025.