State IGR Hits N5.15 Trillion as Lagos Leads 2025 Revenue Ranking
The State IGR generated by Nigeria’s 36 states and the Federal Capital Territory rose to N5.15 trillion in 2025, according to the latest report by the National Bureau of Statistics…
Nigeria Trade Surplus Hits N12.60 Trillion as Exports Surge
Nigeria trade surplus reached N12.60 trillion in the second quarter of 2026, as exports continued to outpace imports, according to the National Bureau of Statistics (NBS). The country recorded total…
Nigeria’s ICT Sector Records 9.62% Growth in Q2 2026
Nigeria’s Information and Communication sector maintained strong growth in the second quarter of 2026, rising by 9.62 per cent year-on-year in real terms. The latest GDP report from the National…
NBS Reports Rise in Metered Electricity Customers
The National Bureau of Statistics (NBS) has revealed that the number of metered electricity customers in Nigeria rose to 6.97 million by the end of the fourth quarter (Q4) of…
Nigeria’s Inflation Rate Rises to 15.93%
By Babatunji Wusu| Nigeria’s inflation rate increased for the third consecutive month in May 2026, reaching 15.93 per cent, according to the latest Consumer Price Index (CPI) report released by…
Nigeria’s Poverty Rate Hits 63% Despite Falling Inflation, World Bank Reports
By Babatunji Wusu A paradox is emerging in Nigeria’s economic recovery: while the cost of living is rising more slowly, the number of people falling into poverty is increasing. According…
Surge in Tax Payments from Foreign Companies in Nigeria
Babatunji Wusu – Tax payments from foreign companies in Nigeria increased by 44% in the first nine months of 2024, reaching N2.57 trillion. Company Income Tax (CIT) from foreign firms…
JUST IN: IN Q3 OF 23 NIGERIA’S UNEMPLOYED RATE INCREASED TO 5%.
Babatunji wusu – According to the National Bureau of Statistics (NBS), Nigeria’s unemployment rate rose sharply in the third quarter of 2023, increasing by 0.8% from the second quarter. The…
ACCORDING TO NBS, IN Q1 2023, THE UNEMPLOYMENT RATE IN NIGERIA FALLS TO 4.1%.
Tunji Wusu – According to the National Bureau of Statistics (NBS), the unemployment rate in Nigeria decreased from 33.3% in 2020 to 4.1% in the first quarter of 2023 and…
AS FOOD PRICES CLIMB, NIGERIA’S INFLATION RATE RISES TO 22.79%.
Tunji Wusu – The consumer price index (CPI), which gauges how quickly prices for goods and services rise, increased from 22.41 percent in May 2023 to 22.79 percent in June…
