By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s HEADLINE inflation rate eased to 15.1 percent in January 2026 from 15.15 percent in December 2025, the National Bureau of Statistics (NBS) said on Monday. “The January 2026 Headline inflation rate showed a decrease of 0.05% compared to the December 2025 Headline inflation rate,” the N...
By Ajibola Olaide, JKNewsMedia Reporter ECONOMIC GROWTH reached 3.98 percent year-on-year in real terms in the third quarter of 2025, the National Bureau of Statistics (NBS) reported on Monday, edging up from 3.86 percent in the same period last year. According to the NBS, the nation’s aggregate gross domestic product (GDP) at basic prices st...
HEADLINE INFLATION rate in Nigeria slowed to 20.12 per cent in August 2025, down from 21.88 per cent in July 2025, according to the latest data released by the National Bureau of Statistics (NBS). The report showed that inflation eased by 1.76 percentage points month-on-month, offering some relief after months of elevated price pressures. Mont...
By Joke Kujenya NIGERIA’S INFLATION rate soared to 34.19% in June, reaching a 28-year high. The National Bureau of Statistics (NBS) released the data on Monday. This marks the 19th consecutive month of rising inflation. In May, the rate was 33.95%. Reforms by President Bola Tinubu contributed to this surge. Cutting petrol and electricity...
By Joke Kujenya IN 2023, 56% of Nigerians reported contact with a public official in the past year, a decrease from 63% in 2019 as revealed in the National Bureau of Statistics (NBS) latest survey. This decline occurred across all regions except the North-West, where contact rates remained stable at 60%. The South-South zone saw […]
By Jemimah Wellington, JKNMedia Reporter IN THE FIRST quarter of 2024, Nigeria witnessed a significant surge in capital importation, totaling US$3,376.01 million, according to the latest report gotten from the National Bureau of Statistics (NBS) on its X handle. This marks a substantial increase of 198.06% compared to the US$1,132.65 million r...
By Joke Kujenya SIGNIFICANT GROWTH in the number of electricity customers and revenue collection has been revealed by the latest report from the Nigerian Electricity Regulatory Commission (NERC), indicating that though there was a slight decrease in electricity supply for the first quarter of 2024. The NERC report shows that the total customer...
By Joke Kujenya AVERAGE RETAIL price per litre of household kerosene in Nigeria exhibits a marginal monthly increase, indicating a period of relative price stability for consumers as contained in the newly released comprehensive report by the National Bureau of Statistics (NBS). The bureau’s report notes that as of May 2024, the average retail...
By Ajibola Olaide, JKNMedia Reporter REPORTING A significant rise in cooking gas prices across Nigeria, the National Bureau of Statistics (NBS) has disclosed that Benue and Zamfara states record the highest costs for refilling LPG cylinders. This revelation comes from the NBS’s Liquified Petroleum Gas (Cooking Gas) Price Watch for May 20...
By Joke Kujenya WITH THE average retail price for Premium Motor Spirit (PMS) in May 2024, Nigeria has witnessed a dramatic surge in petrol prices, reaching N769.62 per liter, representing a staggering 223.21% increase compared to May 2023, when it was N238.11 per liter. This sharp rise has been documented in the latest Petrol Price […]
