Tag Archives: NBS

Inflation Drops To 11.25%

The consumer price index (CPI) which measures inflation dropped to 11.25 per cent (year-on-year) in March compared to 11.31 per cent in February, according to the National Bureau of Statistics (NBS).

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N298bn Generated From VAT In Q4, 2018 – NBS

The National Bureau of Statistics said Nigeria generated N298.01 billion from Value Added Tax in the fourth quarter, 2018. NBS said this in a Sectoral Distribution of VAT report for the fourth quarter, 2018 posted on its website. The News Agency of Nigeria reports that VAT is a consumption tax placed on a product whenever value is added at each …

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Economy Attracted $16.8bn Investment Inflow In 2018 – NBS

National-Bureau-of-Statistics-NBS

The National Bureau of Statistics on Wednesday released the Capital Importation report for 2018 with the economy attracting a total investment of $16.81bn during the period. The bureau in the report stated that the investment inflow of $16.81bn for 2018 represents an increase of $4.59bn or 37.49 per cent when compared to the $12.22bn attracted in the 2017 fiscal period. …

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Nigeria’s Economy Grew 1.9% In 2018, Says NBS

Nigeria’s economy grew 1.9 per cent in 2018, the National Bureau of Statistics said on Tuesday, just days from an election in which the pace of growth is a campaign issue. The NBS said gross domestic product also rose by 2.38 per cent in the fourth quarter of 2018 compared to the same quarter in 2017. Growth accelerated from the …

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Private Security Companies Recruit 823,502 People In Six Years —NBS

The National Bureau of Statistics says that private security guards companies employed no fewer than 828, 502 people in Nigeria from 2013 to 2018. The NBS made the disclosure in its Private Security Guards Data from 2013 to 2018 posted on its website on Monday. The bureau, based in Abuja explained that the guards were employed by 1, 110 registered …

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Nigeria’s GDP Growth Rate Rises To 1.81% In Third Quarter – NBS

The National Bureau of Statistics on Monday released the country’s Gross Domestic Product report for the third quarter with the economy recording a growth rate of 1.81 per cent year-on-year. The Bureau in the report which was posted on its website said the growth rate of 1.81 per cent represents an increase when compared to the growth rate of 1.5 …

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Nigeria’s GDP Expands By 1.50 Percent In Half Year 2018

NBS

The National Bureau of Statistics (NBS) just released Nigeria’s half year 2018 GDP figure, showing that the domestic economy expanded for the fifth consecutive quarter, with real GDP growing by 1.50 percent year on year as against 1.95 percent year on year in the previous quarter and 0.72 percent year on year in second quarter of 2017. The growth estimate …

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Inflation Records 18th Consecutive Decline To 11.14% –NBS

The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation with the index dropping by 0.09 per cent points from 11.23 per cent in June to 11.14 per cent in July. The bureau in the report said this is the eighteenth consecutive disinflation in headline index. The report reads in part, “The consumer price index, …

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