Tag Archives: NBS

The National Bureau of Statistics (NBS) says the Gross Domestic Product in real terms declined in the third and fourth quarters of 2016. The NBS made this known in its “Nigerian Gross Domestic Product (GDP) Report on Expenditure and Income Approach for the third and fourth quarter of 2016 released in Abuja. According to the report, the decline followed the …

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The Federal Government is working on modalities for setting up focused labs in some critical areas of the Economic Recovery and Growth Plan (ERGP) to further consolidate the gains of the economic diversification programme. Budget and National Planning Minister, Senator Udoma Udo Udoma while briefing members of the Senate Committee on National Planning on the state of the economy said …

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-Needs N9.1trn to end Poverty  Tayo Olanipekun Nigerian crude oil production in 2012 recorded the monetary value higher than the amount it presently requires to end poverty at national level as revenues were buoyed by high exchange rate and international prices that year, reports have shown. Africa’s largest economy produced 32.70bn barrels of crude oil valued at N118.49trn between 1961 …

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Bukola Ogunyemi On Tuesday, the National Bureau of Statistics gave a lot of Nigerians the news they desperately wished to hear – Nigeria is out of recession. After five consecutive quarters of negative GDP growth that started in Q1 2016, Nigeria’s economy grew by 0.55% in Q2 2017. Predictably, data once again became the hero and villain in a long-running social …

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 Nigeria has recorded a decline in the quantity of illicit drugs seized from circulation within its borders, the statistics of seizures and arrests made by the nation’s anti narcotic agency has shown. Records have also showed that Edo State leads in drug abuse as revealed by quantity of seizure. The latest crime data on drug abuse and enforcement released by …

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Data released by the National Bureau of Statistics (NBS) show that consumer price index (CPI), which mesasures rate of inflation, dropped for the sixth consecutive month — although by a smaller margin. According to the NBS, inflation rate dropped to 16.05% from 16.1% in June, but food index soared to 20.28 percent. “The consumer price index (CPI) which measures inflation …

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• FDI increased by 30% over previous quarter • Emefiele explains limits of monetary policy during recession The total value of capital imported into Nigeria in the second quarter (Q2) of 2017 has been put at $1.792 billion, indicating a $884.1 million increase over the figure recorded in Q1 2017 and a growing appetite by portfolio investors in Nigerian securities. …

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A total of N400bn was received in bribes by public officials within a period of one year, the National Bureau of Statistics said on Wednesday. The NBS stated this in its National Corruption Report, adding that 32.3 per cent of Nigerian adults who had contact with public officials between June 2015 and May 2016 had to pay bribes to the …

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The National Bureau of Statistic (NBS) has said inflation rate dropped to 16.25 per cent in May 2017, 0.99 per cent lower than 17.24 per cent recorded in April. The decline reflects fourth consecutive decline in inflation rate since January 2017 as government continued to pump liquidity into the system. The Bureau explained that headline index increased by 1.88 per …

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The National Bureau of Statistics (NBS) said that the FCT and Lagos State reported a total of 58,566 crime cases in 2016. The NBS stated this in a Crime Statistics: Reported by Type and State in 2016 and posted on the bureau’s website on Tuesday in Abuja. According to the bureau, the FCT and Lagos State reported highest crime cases …

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