National Bureau of Statistics (NBS

October 06, (THEWILL) – Without a functional refinery, Nigeria imported a total of 20,3 billion litres of petrol in 2023, according to data by the National Bureau of Statistics (NBS). This translates to an average of 55.8 million litres...

September 29, (THEWILL) – Most Nigerians with access to the National Bureau of Statistics (NBS) website are getting confused and worried over the drastic drop in the country’s unemployment rate from the surge towards 40 per cent in 2020...

September 22, (THEWILL) – Nigeria’s rail transport sector recorded improved revenue and higher passenger and cargo services in the second quarter of the year (Q2 2024) according to data by the National Bureau of Statistics (NBS). According to NBS, in...

September 16, (THEWILL) – Nigeria’s headline inflation rate dropped to 32.15 per cent for the month of August 2024, representing a 1.25% percentage point decrease from the 33.4 per cent recorded in July 2024, the National Bureau of Statistics...

August 15, (THEWILL) – Nigeria's inflation has dropped by 0.8 percent to 33.40 percent relative to the June 2024 headline inflation rate of 34.19 percent, the National Bureau of Statistics (NBS), said in its July consumer price index (CPI)...

December 21, (THEWILL) - The unemployment rate in Nigeria increased to 4.2 per cent in Q2 2023 from the 4.1 per cent recorded in Q1 2023, the National Bureau of Statistics (NBS) said on Thursday, in its report on...

December 17, (THEWILL) - The Local Content Policy, administered by the Nigerian Content Development and Management Board (NCDMB), was significantly instrumental to the boost in Exports recorded in the nation’s Merchandise Trade for the third quarter of this year...

December 11, (THEWILL) - The aggregate Value Added Tax (VAT) stood at N948.07 billion in Q3 2023, the National Bureau of Statistics (NBS) has said in its VAT Q3 2023 Report released on Monday, in Abuja. This shows a growth...

November 23, (THEWILL) - Nigeria’s Gross Domestic Product (GDP) grew by 2.51% year-on-year in real terms in the second quarter of 2023, which is 0.2% points higher than 2.31% recorded in the previous quarter but 1.03% lower compared to...

November 06, (THEWILL) - Whereas needs attract investments, a 2019 NBS report showed that the natural resources and the economic opportunities in Nigeria have continued to attract Foreign Direct Investments (FDIs) by investors across the world, which culminated in...