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Capital Importation Falls To $875.62m In Q2
The National Bureau of Statistics has said that the total value of capital importation into Nigeria declined to $875.62 million in the second quarter of 2021 from $1.91 billion in the first quarter of 2021. It disclosed this in its report titled, ‘Nigerian capital importation (Q1 & Q2 2021)’. The bureau stated that this represented…
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Breakdown: How Food Prices Rose In June
The National Bureau of Statistics has said that the prices of food rose in June, 2021. This was according to the Executive Summary of the “Selected Food Price Watch” report released by the bureau. Recall that the bureau had reported earlier that Nigeria’s inflation rate fell by a slight 0.18 percent – from 17.93 percent…
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Benue, Abia, C’River Paid More For Petrol In June
The National Bureau of Statistics has said that petrol was more costly in Benue, Abia and Cross River in June. The NBS made this known in its “Premium Motor Spirit (Petrol) Price Watch for June 2021’’. It said that Benue residents paid N183.29, while Abia residents paid N171.88 for the product and Cross River residents…
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Nigeria’s Inflation Rate Drops To 17.75%
Nigeria’s inflation rate has fallen by a slight 0.18 percent from 17.93 percent in May to 17.75 percent in June. This is according to the latest data by the National Bureau of Statistics in its Consumer Price Index report for June. Part of the report read, “The consumer price index which measures inflation (rate of…
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Q1: All Commodity Terms Of Trade Falls By 51%
In the latest Commodity Price Indices released by the National Bureau of Statistics, the All commodity Terms of Trade Index fell by 0.51 percent from January to March 2021. NBS released the first quarter of 2021, the report stated that the all commodity group import index increased by 0.82 percent between January and March 2021.…
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15 States’ Debts Jump To N1.68tn
The cumulative domestic debts of 15 states rose by 153.82 percent between December 31, 2015, and March 31, 2021. This is according to an analysis of data obtained from the Debt Management Office. Each of the states under review recorded at least a 100 percent jump in less than the six years under review…
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Insurance Sector Contracted By 2.08% In Q1
Latest data by the National Bureau of Statistics has shown that the insurance sector contracted by 2.08 percent in the first quarter of 2021. The figures, which were contained in its report on Gross Domestic Product for the first quarter, said the sector accounted for 12.45 per cent of the financial sector during the period…
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ANALYSIS: COVID-19 Impact Hit Hard On Food Prices
As Nigeria gradually heals up from the impact of the COVID-19 pandemic on its economy, Nigerians are still finding it difficult to adjust to the skyrocketing prices of food stuff despite key indicators showing a slight relief on the country’s economy. Twentyten gathered that averagely, the prices of every ‘regularly consumed’ food product had doubled…
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Beans, Garri Prices Drove Annual Food Inflation
The National Bureau of Statistic has said in a new report that the prices of beans and garri drove annual food inflation in May 2021. According to the ‘Selected food prices watch for May 2021’, there was a general rise in food prices in the month under review. The report stated that the national bean…
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FG, States Owe N33.11trn Debt In Q1 2021
The National Bureau of Statistics has said the Federal and State governments owe a total sum of N33.11 trillion in public debts, as at March 31, 2021. NBS disclosed this in its “Nigerian domestic and foreign debt for Quarter one, 2021 (Q1 2021)”. It added that upon disaggregation, the nation’s total public debt indicated that…