Nigeria’s headline inflation rate climbed to 15.93 per cent in May 2026, marking the third consecutive monthly increase, the National Bureau of Statistics reported on Monday. According to the NBS Consumer Price Index report, the CPI rose to 140.7 in May from 138.3 in April, reflecting continued pressure on...
NBS
Nigeria’s headline inflation rate rose to 15.69% in April 2026, up from 15.38% in March, according to Consumer Price Index data released on Friday by the National Bureau of Statistics. On a month-on-month basis, the headline inflation rate slowed to 2.13% from 4.18% in March. This shows a slower...
Nigeria’s headline inflation eased to 15.10% in January 2026, marking a notable moderation in price pressures following the rebasing of the Consumer Price Index by National Bureau of Statistics. The CPI fell to 127.4 points, down by 3.8 points from December 2025, reflecting a sharp month-on-month contraction of -2.88%,...
Nigeria’s inflation rate fell further in November, offering fresh relief to households after years of punishing price increases that triggered a deep cost-of-living crisis. The latest data released on Monday by the National Bureau of Statistics (NBS) showed that headline inflation moderated to 14.45 per cent in November 2025,...
National Bureau of Statistics (NBS) has said the average retail price of a litre of petrol witnessed a drop from N1,184.83 in October 2024 to N1,052.31 in October 2025. The NBS made this known in its Petrol Price Watch for October 2025 released in Abuja on Wednesday. It stated...
Nigeria’s public debt stock increased from N149.38 trillion (97.23 billion dollars) in the first quarter of 2025 to N152.39 trillion (99.65 billion dollars) in the second quarter of 2025. The National Bureau of Statistics (NBS) said this in its Nigerian Domestic and Foreign Debt Report for Q2 2025 released...
Nigeria’s headline inflation continued its downward trajectory in October, easing to 16.05%, according to the latest Consumer Price Index (CPI) report released on Monday by the National Bureau of Statistics (NBS). The Bureau noted that the figure represents a notable drop from the 18.02% recorded in September. On a...
National Bureau of Statistics (NBS) revealed that the average retail price for diesel dropped to N1,789.45 per litre in July 2025, down from N1,813.81 in June 2025, according to its Diesel Price Watch report released in Abuja on Friday. This reflects a 1.34% decrease month-on-month. However, compared to July...
By MBAFAN ADE, Abuja – National Bureau of Statistics (NBS) disclosed that the average retail price of petrol per litre surged to N1,024.99 in July 2025, up from N770.54 in July 2024. According to the NBS Premium Motor Spirit (Petrol) Price Watch for July 2025, released in Abuja on...
By JOY ADARA, Abuja – Nigeria’s headline inflation rate dropped to 21.88% in July 2025, marking a slight decline of 0.34% from June’s 22.22%, according to the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report released in Abuja on Friday. Despite the year-on-year improvement, the month-on-month inflation...
Nigeria’s real Gross Domestic Product (GDP) expanded by 3.13% year-on-year in the first quarter of 2025, according to a Monday report from the National Bureau of Statistics (NBS). This growth reflects a notable improvement over the 2.27% recorded in Q1 2024, propelled primarily by the services and industry sectors....
By JOY ADARA, Abuja- National Bureau of Statistics (NBS) announced that Nigeria’s headline inflation rate eased to 22.22% in June 2025, marking a 0.76% decline from May’s 22.97%. This is according to the Consumer Price Index (CPI) and Inflation Report released on Wednesday, July 16, 2025, in Abuja. “This...
National Bureau of Statistics (NBS) has reported an increase in the average price of cooking gas in Nigeria. According to the NBS’s “Cooking Gas Price Watch” for May 2025, the average price of a 5kg cooking gas cylinder rose to N8,167.43, representing a 3.57% increase from N7,885.60 in April....
By JOY ADARA, Abuja- Nigeria’s headline inflation rate has further eased to 22.97% in May 2025, representing a 0.74% decline from the 23.71% recorded in April 2025, according to the latest Consumer Price Index (CPI) and Inflation report released by the National Bureau of Statistics (NBS). On a month-on-month...
By MBAFAN ADE, Abuja- Nigeria’s total merchandise trade stood at N36,024.66 billion in the first quarter of 2025, according to the National Bureau of Statistics (NBS). This represents a 6.19% increase compared to the same period in 2024. The NBS report shows that total exports stood at N20,598.48 billion,...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.71 per cent in April 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for April 2025, which was released in Abuja on Thursday. According to the report, the headline inflation...
The National Bureau of Statistics (NBS), has said Nigeria’s headline inflation rate rose to 24.23 per cent in March 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for March 2025, which was released in Abuja. According to the report, the headline inflation showed...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.18 per cent in February 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for February 2025, which was released in Abuja on Monday. According to the report, the headline inflation...
The National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) rate in real terms grew by 3.84 per cent in the fourth quarter of 2024 on a year-on-year basis. The Statistician-General(S-G) of the Federation, Adeyemi Adeniran disclosed this in a statement on Nigeria’s GDP Report for Q4...
The National Bureau of Statistics (NBS), has introduced special inflation indices to its monthly Consumer Price Index (CPI) Report. The Statistician-General (S-G) of the Federation, Adeyemi Adeniran, made this known at a news briefing on the CPI Rebasing Results in Abuja on Tuesday. Adeniran said the new indices include...