Nigeria’s economy has entered a negative growth as confirmed in a new report released by the National Bureau of Statistics (NBS) on Monday August 24.
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The Consumer Price Index (CPI), which measures inflation, increased to 12.20 per cent (year-on-year) in February compared to 12.13 per cent in the preceding month, according to the National Bureau of Statistics (NBS).
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The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the economy growing by 2.27 per cent in 2019.
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The country earned a total of N275.12 billion from Value Added Tax in the third quarter of this year, figures released by the National Bureau of Statistics have revealed.
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The National Bureau of Statistics on Monday said the investment inflows into Nigeria declined by $460m from $5.82bn in the second quarter of this year to $5.36bn in the third quarter.
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The Nigerian economy recorded a decline of $3.2bn in investment inflow from $8.48bn in the first quarter of this year to $5.82bn in the second quarter.
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The National Bureau of Statistics (NBS) has put the number of jobs created by Micro, Small and Medium Enterprises (MSMEs) at 59,647,954, as of December 2017.
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National Bureau of Statistics (NBS) said that Nigeria’s total Capital Importaion in the first Quarter of 2019 rose by 34.6 percent year-on-year to $8.5 billion.
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