Archives Tag: National Bureau of Statistics
How Business Owners Can Cope with the Present Inflation in Nigeria
April 19, 2022
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 22.22 per cent on a year-on-year basis in April 2023. According to the report, the figure is 0.18 per cent points higher compared to the 22.04 per cent recorded in March 2023. It said on a year-on-year basis, the headline inflation … Continue reading How Business Owners Can Cope with the Present Inflation in Nigeria
Federal Government Plans Census Of Businesses In Nigeria
April 19, 2022
The National Bureau of Statistics (NBS) says it plans to conduct a census of businesses in Nigeria. If the exercise goes ahead as planned, it will be the first survey of businesses in the country in more than 20 years. Statistician-General of the Federation, Dr. Yemi Kale, disclosed this at a stakeholder workshop of the … Continue reading Federal Government Plans Census Of Businesses In Nigeria
Did You Know? Top Destination Countries for Nigerian Exports
April 19, 2022
Let’s say you would like to start up a business in exports. Do you know what countries you should be selling your products to? Where are your wares in greatest demand? If these questions bug you at the moment, you may find some of the answers here- especially if the countries in question happen to … Continue reading Did You Know? Top Destination Countries for Nigerian Exports
How to Start a Commercial Bus Transport Business in Nigeria
April 19, 2022
Commercial transportation is in high demand in Nigeria, principally because not everyone is able to afford to own a vehicle. Studies show that the population of frequent riders on public transport is made up of low and middle-income earners. Here’s a telling statistic: about 60% of vehicles that ply Nigeria’s roads are commercial, according to … Continue reading How to Start a Commercial Bus Transport Business in Nigeria
These Are Nigeria’s Richest States (by Internally Generated Revenue)
April 19, 2022
Nigeria’s official custodian of public data, the National Bureau of Statistics (NBS), recently published its annual report on the revenues generated by the country’s states. The document, available on the bureau’s website, details the earnings collected by state governments in 2018. Besides stoking the old debate about which regions produce the most wealth, the NBS’s … Continue reading These Are Nigeria’s Richest States (by Internally Generated Revenue)
Did You Know? Nigeria’s Most Valuable Exports
April 19, 2022
Nigeria continues to rely on crude petroleum exports to bring in foreign exchange. Efforts to diversify its income sources may be ongoing, but they haven’t yet shifted the country away from its economic dependence on fossil fuels. These products still contribute up to 83% of the country’s revenues from foreign trade, according to the National … Continue reading Did You Know? Nigeria’s Most Valuable Exports
Here’s A Roundup of the NBS’s Latest GDP Figures (July-September 2017)
April 19, 2022
“Will Nigeria slip back into recession? Q3 2017 report will be published Monday 20th November, at 8:30 AM.” When Dr. Yemi Kale tweeted those words on Saturday, the thoughts of economists and business news buffs momentarily shifted away from the gubernatorial polls being conducted in Anambra State, to the coming update on the state of … Continue reading Here’s A Roundup of the NBS’s Latest GDP Figures (July-September 2017)
Why the NBS’s Latest GDP Report Matters
April 19, 2022
On Tuesday, September 5, the National Bureau of Statistics (NBS) released its Gross Domestic Product (GDP) Report. The document, which is the latest installment of the NBS’s roundups of the state of the economy, is significant for one thing- it announces, in no uncertain terms, that Nigeria has finally emerged from its recession. But that’s … Continue reading Why the NBS’s Latest GDP Report Matters
The National Bureau of Statistics Releases GDP Report for Q4 2016
April 19, 2022
The National Bureau of Statistics on Tuesday published its report on Nigeria’s Gross Domestic Product for the fourth quarter of 2016. The report, which summarizes the performance of the various sectors of the Nigerian economy in the last three months of the year gone by, shows a continuing but slowing decline in the nation’s economic … Continue reading The National Bureau of Statistics Releases GDP Report for Q4 2016
These States had the Highest Internally Generated Revenue In the First Half of 2016
April 19, 2022
On Wednesday, January 18, the National Bureau of Statistics (NBS) published its report on states’ Internally Generated Revenue for the first half (H1) of 2016. The report detailed revenues for 29 states of the federation which had submitted their figures to the NBS. The following are the top revenue generating states according to the report: … Continue reading These States had the Highest Internally Generated Revenue In the First Half of 2016
Nigeria’s Top Agricultural Exports
April 19, 2022
If you’re considering trying your hands on the export business, this article may help you make an informed decision as to what exactly you should be exporting. In December, the National Bureau of Statistics released its Trade Intensity Index Report for the third quarter (Q3) of 2016. The 17-page document contains export and import data … Continue reading Nigeria’s Top Agricultural Exports
The National Bureau of Statistics Plans to Have a Census of Businesses Next Year
April 19, 2022
The National Bureau of Statistics wants to embark on a census of businesses in 2017. The institution aims to get a clearer picture of what the country’s business and industrial landscape looks like, and use the data collected to build a more comprehensive GDP estimate for the country. The Statistician General of the Federation, Yemi … Continue reading The National Bureau of Statistics Plans to Have a Census of Businesses Next Year
The NBS’s Report on Nigeria’s GDP for Q3 2016: The Silver Lining You Probably Missed
April 19, 2022
On Monday, the National Bureau of Statistics (NBS) let the public into its summary of Nigeria’s economic performance in the months of July, August and September- the third quarter (Q3) of 2016. Its assessment, grim as it was, didn’t shock most observers- the oil sector shrank by a monumental 22% points, casting a dark shadow … Continue reading The NBS’s Report on Nigeria’s GDP for Q3 2016: The Silver Lining You Probably Missed
Nigeria’s Economy Attracted N12.52 Trillion Between 2007-2013
April 19, 2022
The Nigerian economy attracted a total investment inflow of $78.27bn (N12.52tn) between 2007 and 2013, a report by the National Bureau of Statistics has shown. The figure was contained in the ‘Capital Importation’ report prepared by the NBS, and a copy was obtained and published by Punch Newspaper. According to the report, the global financial … Continue reading Nigeria’s Economy Attracted N12.52 Trillion Between 2007-2013
