The National Bureau of Statistics (NBS) has released a concerning report on Nigeria’s public debt stock, which has surged to N97.34 trillion ($108.23 billion) in the fourth quarter of 2023. This represents a 10.73% increase from the previous quarter, with Lagos State leading the charge in both domestic and external debts. The NBS report indicates Read More…
Tag: National Bureau of Statistics
NBS reports drop in kerosene prices amidst increase in petrol imports
The National Bureau of Statistics (NBS) reveals a decline in the average price of a litre of kerosene from N1,362.27 in December 2023 to N1,329.53 in January 2024, according to its “Kerosene Price Watch” released in Abuja on Wednesday. Highlighting the statistics, the NBS emphasises a 2.40% decrease in the January price compared to the Read More…
NBS stats: CBN sees positive impact of monetary policies
In a recent statement, Isa AbdulMumin, Director of the Corporate Communications Department at the Central Bank of Nigeria (CBN), shared the bank’s positive outlook on its monetary policy measures. Speaking in Abuja regarding the latest figures released by the National Bureau of Statistics (NBS), AbdulMumin highlighted the noteworthy results stemming from the bank’s strategies. He Read More…
Nigerian inflation climbs for 10th consecutive month, puts pressure on new CBN Governor
Nigerian inflation continued its upward trajectory for the tenth consecutive month in October, intensifying expectations for the new central bank governor to consider interest rate hikes in the upcoming monetary policy committee meeting—the first since his appointment. “Consumer inflation soared to 27.33% year on year in October, marking an 18-year peak, escalating the challenge for Read More…
Average petrol price in September was N191.65 per litre – NBS.
Consumers spent on average N191.65 for a litre of fuel in September, according to data from the National Bureau of Statistics (NBS) made public on Saturday. According to its “Premium Motor Spirit (Petrol) Price Watch” for September 2022, the average price was N164.85, up 16.26% from September 2021. “When compared to the previous month of Read More…