NBS

April 09, (THEWILL) — Nigeria’s manufacturing sector contributed ₦881.29 billion in Company Income Tax (CIT) in 2025, underscoring its growing role in supporting government revenue and industrial expansion. According to the latest figures from the National Bureau of Statistics (NBS),...

March 25, (THEWILL) — The average retail price of Premium Motor Spirit (PMS), popularly known as petrol, declined significantly to ₦1,051.47 in February 2026, representing a 15.60 percent decrease from ₦1,245.80 recorded in February 2025, offering relief to consumers...

February 23, (THEWILL) — Foreign investment into Nigeria’s manufacturing sector plunged by 54.11 percent in the first nine months of 2025, even as total capital inflows into the country more than doubled year-on-year, underscoring a widening disconnect between...

February 16, (THEWILL) — Nigeria recorded a great improvement in capital inflows in the third quarter of 2025, with total capital importation rising to US$6.01 billion, the National Bureau of Statistics (NBS) reported on Monday, February 16. The NBS...

February 04, (THEWILL) — Nigerian motorists experienced notable relief at fuel stations in December 2025 as the average retail price of Premium Motor Spirit (PMS), commonly known as petrol, dropped to ₦1,048.63 per litre. This represents an 11.81% decrease...

January 13, (THEWILL) — The National Bureau of Statistics (NBS) has indicated plans to “normalise” Nigeria’s December inflation data to account for seasonal distortions that typically cause a spike in consumer prices at year-end. According to the statistics agency,...

November 28, (THEWILL) — Nigeria’s company income tax (CIT) revenue rose sharply in the first half of 2025, climbing by 38 percent, compared to the same period last year, according to new data released by the National Bureau...

November 26, (THEWILL) — The National Bureau of Statistics (NBS) has announced that Nigeria’s Value Added Tax (VAT) collections reached N2.06 trillion in the second quarter of 2025. According to the VAT Q2 2025 Report released in Abuja, this...

July 16, (THEWILL) — Nigeria’s annual inflation rate fell to 22.22% in June 2025, down from 22.97% recorded in May, the National Bureau of Statistics (NBS) said on Wednesday. According to the bureau, the June 2025 headline inflation rate reflected...

June 13, (THEWILL) – Nigeria’s total imports in the first quarter of  2025 dropped to N15.43 trillion, representing a drop of 7.51% or  N1.16 trillion when compared with the N16.59 trillion recorded in the fourth quarter of  2024, the...