Tags : NBS

Nigeria Attracts $31.82bn Six Countries In 33 Months

From January 2019 to September 2021 the capital inflows from the United Kingdom, the United States, South Africa, the United Arab Emirates, the Netherlands, and Mauritius hit $31.82 billion in three years. According to data from the National Bureau of Statistics, the six countries accounted for 83.32 percent of the total capital of $38.18bn imported […]Read More

Price Of Diesel, Petrol Rise In January

There are indicators that the prices of Automotive Gas Oil (diesel) and Premium Motor Spirit (petrol) are increasing in January 2021. The National Bureau of Statistics (NBS) said that the average price of Automotive Gas Oil (diesel) is N289.37 per litre as at December 31, 2021. However there are indications that the price of diesel […]Read More

Net Forex Inflow Falls 30% To $2.69bn

Report by the Central Bank of Nigeria has shown that Nigeria’s Net foreign exchange inflow fell year-on-year (YoY)  by 30 percent to $2.69 billion in October 2021. This was a decrease from $3.87 billion in the corresponding period of 2020. The latest Monthly Economic Outlook by the bank indicated that the decline in net inflow […]Read More

In Nine Months, Import Bill Rose To $8.92bn

Between January to September 2021, Nigeria’s total import bill for the period rose to $8.92bn from $4.29bn in the same period of 2020. This was disclosed by an economist and Chief Consultant, B. Adedipe Associates Limited, Dr Biodun Adedipe, while presenting the report titled ‘National economic outlook: Implications for businesses’, during an event organized by […]Read More

Inflation Rate Rises To 15.63% After Eight Month Decline

Nigeria’s inflation rate has risen to 15.36 percent in December 2021, from 15.50 percent recorded in November 2021 after eight months of consistent decline. The Statistician-General of the Federation, Simon Harry, disclosed this during a press briefing at the National Bureau of Statistics, Abuja. Recall that data from the NBS had shown that headline inflation […]Read More

Over 3,000 Died By Road Crashes In Six Months

The National Bureau of Statistics has disclosed that a total of 3,121 persons were killed in road accidents in the first six months of 2021. The NBS in its Road Transport Data report released said that a total of 6,486 road crashes occurred within the review period, consisting of 3,301 and 3,185 cases recorded in […]Read More

Capital Importation Falls By N1.68tn

Data from the National Bureau of Statistics revealed that capital importation has dropped by $4.08bn (N1.68tn) in one year. Between January and September 2020, total capital importation amounted to $8.55bn. However, according to the latest capital importation report by the NBS, during the same period in 2021, foreign capital inflows into the country fell by […]Read More

Tax Revenue Rises 30% To N2.85trn

Revenue into the Federation Account from Value Added Tax, VAT, and Company Income Tax, CIT, rose by 30.1 per cent, year-on-year, YoY, to N2.85 trillion in nine months ended September 30th, 2021 (9mths-21) from N2.19 trillion in the corresponding period of last year (9mths-2020). Findings in the VAT and CIT data for Q3 ‘2021 released […]Read More

Nigeria Imports N13.7tn Manufactured Goods In Nine Months

Data from the National Bureau of Statistics showed that Manufactured goods valued at N13.7tn were imported into Nigeria from January to September this year. The country exported N757bn worth of manufactured goods in the nine-month period, accounting for 0.06 per cent of the total trade of N14.3tn. Manufactured goods imported into the country included antibiotics, […]Read More

Foreign Investments Fall By N11.48bn In Six Months

Between January to June 2021, Nigeria’s foreign investment inflows dropped by N11.48 billion. According to the Central Bank of Nigeria (CBN) ‘Financial markets department 2021 half-year activity report’, the report revealed that foreign inflows amounted to N105.24 billion, while the outflow was N116.72 billion at the end of June 2021, reflecting a net outflow of […]Read More