Browsing: Nigerian Bureau of Statistics
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) emphasized the need to bolster domestic supply while noting that inflation inertia may reverse as supply network improves.
Uncertainty mount over the Nigeria’s economic recovery as oil price dropped to $37.4 per barrel
The rising food inflation rate in Nigeria has become a pressure point, an aftermath effect of border closure
Europe, Asia Countries top Nigeria’s Exports Destinations. Europe, Asia Countries were Nigeria’s top export destinations in the first quarter of 2020, data provided by the Bureau of Statistics stated.
Average prices of foods, transportation and health care among other needs have been projected to increase for month. Investment bankers have estimated uptick in headline inflation rate for the month of May, projected to spike to 12.43%.
Nigeria’s economy expands 1.87% despite global disruptions. The National Bureau of Statistics (NBS) says the country’s Gross Domestic Product (GDP) grew by 1.87 percent year-on-year in real terms in the first quarter of 2020.
In line with analysts’ projections, the nation’s reported an increase in general (average) price level for April. The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation, increased by 12.34 percent in April 2020.
Nigeria records ₦338.94 billion VAT revenue in Q1 -NBS The National Bureau of Statistics (NBS) says ₦338.94 billion was generated…
Share of food in consumers spending is considerably large, says Afrinvest
Access Bank Economic Intelligence sees November inflation climbing to 11.9%| The Access Bank Economic Intelligence Unit has stated that the nation’s November headline inflation would hit 11.9%, as analysts cited border closure, security issues in the food producing region as driving factors.