The National Bureau of Statistics (NBS), has reported an aggregate Company Income Tax (CIT) of N714.40 billion for the second quarter of 2022. This is contained in the CIT Report for Q2 2022 released by the NBS in Abuja on Friday. The report said the value recorded for Q2...
NBS
By CALLISTUS OFFOR, Abuja – Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami) is excited over the remarkable contribution of the Information and Communications Technology (ICT) sector to Nigeria’s Gross Domestic Product (GDP) in the second quarter of 2022 (Q2 2022). The National Bureau of Statistics...
The National Bureau of Statistics (NBS) said Information and Communication Technology (ICT) sector had contributed 18.44 per cent to the ‘Nigeria’s Gross Domestic Product Report’ for Q2 2022. Dr Femi Adeluyi, Technical Assistant Research and Development to the Minister of Communications and Digital Economy, made this known in a...
Nigeria’s Gross Domestic Product (GDP) grew by 3.11 per cent (year-on-year) in real terms in the first quarter (Q1) of 2022, the National Bureau of Statistics (NBS) has said. In its latest report published on Monday, the NBS revealed that the figure showed sustained positive growth for the sixth...
The National Bureau of Statistics (NBS), says the average price for refilling a 5kg gas cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N3,800.47 in April 2022. The NBS said to refill the gas cylinder used to cost N3,778.30 as recorded in March 2022. This is contained in...
The National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) increased by 4.03 per cent in the third quarter of 2021. This is according to a report released by the NBS on Nigerian Gross Domestic Product Report (Expenditure and Income Approach) for Q3, Q4 2021 in Abuja...
The National Bureau of Statistics (NBS) on Friday disclosed in its report that the average retail price of cooking gas increased by 83.62 per cent from N2057.71 in March 2021. The March 2022 report also revealed the average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking...
By EZEKIEL OBI, Abuja – The Minister of State for Budget and National Planning, Prince Clem Ikanade Agba has expressed grief over the sudden death of the Statistician-General (SG) of the Federation, Dr Simon Harry, which occurred on Wednesday morning in Abuja. The minister, who was expressed shocked over...
By BENJAMIN ORISEMEKE, Abuja – Nigeria spent a total of N1.29 trillion on wheat importation in 2021, 71.1 per cent higher than what was spent the previous year, the National Bureau of Statistics (NBS) said on Monday. Nigeria imported durum wheat worth N1.29 trillion in 2021, representing a 71.1...
By BENJAMIN ORISEMEKE, Abuja – Nigeria’s trade balance grew to N1.9 trillion, the worst since NBS started tracking trade performance 12 years ago. In its Foreign trade in goods statistics report for February 2022, the National Bureau of Statistics (NBS) stated that imports stood at N20.8 trillion as at...
Dr Ogbonnaya Onu, Minister of Science, Technology and Innovation, says Nigeria has recorded tremendous breakthrough in import reduction by cumulatively saving N5.03 trillion between 2017 and 2020. The minister disclosed this at the closing ceremony of the 2022 STI Expo in Abuja, on Friday. Onu said the figure was...
By BENJAMIN ORISEMEKE, Abuja – Nigeria’s Premium Motor Spirit (petrol) import bill increased by over 97 per cent in 2021 to a whopping N3.96 trillion spent on fuel imports, up from N2.01 trillion in 2020. A breakdown from the National Bureau of Statistics (NBS) report shows Nigeria’s reliance wholly...
By BENJAMIN ORISEMEKE, Abuja – Total trade in the fourth quarter of 2021 stood at N11,707.20 billion with exports trade value of N5,766.62 billion, the National Bureau of Statistics (NBS), has said. According to Statistician General of NBS, Simon B. Harry, in a press briefing Tuesday, the import trade...
By BENJAMIN ORISEMEKE, Abuja – The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI) has increased by 15.70% Year on Year in the month of February. This is 1.63% lower than 17.33 per cent recorded in the previous month. The Statistician General of the Federation, Dr....
It is no longer in doubt that the President Muhammadu Buhari led Federal Government has become reputed for clarifying problems without proffering solution, What is however worrying is that their (FG) persistent inabilities to promptly respond to the socioeconomic need of Nigerians has adversely turned public affair commentators, development...
Company Income Tax (CIT) recorded N124.71 billion decline from N472.52 billion in quarter three, 2021 to N347.81 billion in quarter four, the National Bureau of Statistics (NBS), said. The Bureau said this in its “Company Income Tax (CIT) Quarter Four, 2021” data obtained from its website on Thursday. It...
Bread and cereals, meat, fish, other food items accounted for rise in food inflation in December, 2021 to 17.37 per cent, as headline inflation rose to 15.63 per cent. Statistician-General of the Federation, Mr Simon Harry, gave the figure on Monday in Abuja at a news conference to announce...
Headline inflation decreased by 0.59 per cent to 15.40 per cent in November, the Statistician-General of the Federation, Mr Simon Harry says. Harry, who made the announcement on Wednesday in Abuja during a media conference, also stated that the rebasing of the nation’s economy would take place in 2022...
Nigeria’s total merchandise trade rose to N13.3 trillion in Quarter Three of 2021, representing 10.43 per cent increase over N12.02 trillion recorded in Quarter Two, Mr Simon Harry, the Statistician-General of the Federation, has said. Harry announced this on Monday in Abuja during a media conference on the “Foreign...