The National Bureau of Statistics (NBS) has explained why Nigeria’s headline inflation rate dropped to 24.48 per cent in January 2025 after rebasing. The Statistician-General of...
Nigeria’s headline inflation rate has dropped to 24.48% in January 2025, down from 34.80% in December 2024. The National Bureau of Statistics (NBS) announced this on...
The Nigerian Exchange Limited (NGX) experienced a notable downturn last week, with the benchmark index that track aggregate share price movement, the All-Share Index (ASI), falling...
The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate rose to 34.80% in December 2024, reflecting a slight increase from the 34.60% recorded...
By FBNQuest Analysts Recent data from the Nigerian Communication Commission (NCC) has shown that Nigeria’s total broadband connections increased by 2% month-on-month (MoM) to 91.6 million...
The inflation figure for December 2024 is expected to rise further on the back of price pressure. This was revealed in the Cowry Weekly Financial Markets...
The inflation rate in Nigeria rose to 34.60 per cent in November 2024, showing an increase of 0.72 percentage points compared to 33.88 per cent recorded...
Despite the increase in the fuel pump price, the National Bureau of Statistics (NBS) has stated that there was a drop in the price of transportation...
Nigeria’s headline inflation rate rose to 32.70% in September 2024, up from 32.15% in August 2024, reflecting a 0.55% increase. This was disclosed by the National...
Taxes paid by Nigerians involved in the wholesale and retail trade, as well as the repair of motor vehicles and motorcycles, surged by 49% in the...
Nigeria’s high inflation rate which was 32.15% in August has continued to impact the prices of energy, with the rates paid by Nigerians for cooking gas...
Information and communications technology (ICT)-related activities contributed 19.78 per cent to Nigeria’s real Gross Domestic Product (GDP) in Q2 2024, the National Bureau of Statistics (NBS)...
Nigeria’s Gross Domestic Product (GDP) experienced a year-on-year growth of 3.19% in real terms during the second quarter of 2024. The GDP growth rate surpasses the...
Between January and December 2024, Nigeria’s public debt profile may rise by a whooping N32.66 trillion to hit N130 trillion. This is as both federal and...
Nigeria’s inflation rate increased to 34.19% in June 2024, according to data released by the National Bureau of Statistics (NBS) on Monday, June 15, 2024. Looking...
In April 2024, the headline inflation rate rose to 33.69%, up from 33.20% in March 2024, marking an increase of 0.49% points. Comparing year-on-year data, the...
Nigeria’s inflation rate increased to 33.2% for the month of March 2024 driven by rising cost of foods in the country, according to the latest data...
Biting inflation in Nigeria as pushed up the price of the Liquefied Petroleum Gas (LPG) otherwise known as cooking gas by 12% from N4,589 in one...
Nigeria’s inflation rate climbed to 29.90 per cent in January 2024 from 28.92 per cent recorded in the previous month. The 0.98 per cent increase confirms...
Today, we take a closer look at some of the drivers of Nigeria’s headline inflation, following our initial commentary on December’s headline reading. We see from...
