By Joke Kujenya NIGERIA’s NATIONAL Bureau of Statistics (NBS) has reported that in the first quarter of 2024, the country exported electrical energy worth N58.65 billion to several African nations. This export constituted 2.62% of the total goods imported from Nigeria by the continent noting that he primary recipients of this electrical ...
By Joke Kujenya MARKING AN increase of 0.26 percentage points, Nigeria’s headline inflation rate has climbed to 33.95% in May 2024, up from 33.69% in April 2024. Contained in the National Bureau of Statistics (NBS) report of May 2024, it says that on a year-on-year basis, this rate is 11.54 percentage points higher than the […]
By Joke Kujenya NIGERIA’S ECONOMIC performance in 2024 shows significant improvement, as the International Monetary Fund (IMF) reports a current account surplus of $1.432 billion. This figure, detailed in the IMF’s ‘World Economic Outlook Database,’ surpasses the $1.21 billion surplus recorded in 2023, marking a positive trend in the nation...
By Joke Kujenya NIGERIA’S ECONOMY experienced a year-on-year GDP growth of 2.98% in the first quarter of 2024, up from 2.31% in the same period last year but down from 3.46% in the previous quarter, the National Bureau of Statistics (NBS report has revealed. The reports also reveal that Services sector was the main driver […]
By Olaide Ajibola, JKNMedia Reporter THE National Bureau of Statistics (NBS) has reported a 1% increase in the average retail price of a litre of kerosene from February 2024 to March 2024, with prices rising from N1,340.94 to N1,354.40. Released on Friday in Abuja, the Diesel Price Watch for March 2024 revealed this upward trend […]
