Posts Tagged ‘National Bureau of Statistics (NBS)’

BREAKING| South-south leads Nigeria’s huge alcohol consumption, NBS data Confirms

by Ikokwu Ikembaon June 13, 2019
Alcohol consumption is a big business in Nigeria with consumers spending just less than a quarter of a trillion naira in 2016. According to the latest data from the nation’s statistics bureau, in 2016 alone, Nigerians spent at least N208 billion on alcohol – this amount was more than the budget of Ondo State for […]

Nigeria’s Inflation rate increased in Dec. 2018 — NBS

by Ikokwu Ikembaon January 17, 2019
The National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation increased to 11.44 per cent (year-on-year) in Dec. 2018 from 11.28 per cent recorded in Nov. 2018. The NBS disclosed this in its “CPI and Inflation Report’’ for December released in Abuja on Wednesday on its website. The bureau said […]

Telecoms sector Generates N1.5bn in Q2 –NBS

by Breaking Timeson September 8, 2016
The National Bureau of Statistics (NBS) has said that tele­communications contributed N1.580 billion or 9.8 per cent to Gross Domes­tic Product (GDP) in the sec­ond quarter of 2016, which represents an increase of 1.0 per cent points relative to the previous quarter. The NBS described the new percentage as the larg­est contribution to GDP made […]

7000MW and Recession under Goodluck Jonathan | Amaechi’s lies exposed

by Breaking Timeson August 4, 2016
Rotimi Amaechi, minister of transportation and former governor of Rivers state, made false claims about Nigeria generating 7,000MW of electricity under President Muhammadu Buhari, according to an online report. Amaechi in an interview with Osasu Igbinedion, after the launch of the Kaduna-Abuja railway line, said Nigeria generated 7,000MW of electricity before the resumption of militant activities […]

Food, Energy Prices, Imported Items Drives Inflation Further to 16.5%

by Breaking Timeson July 18, 2016
The Consumer Price Index (CPI), which measures inflation, rose by 0.9 percent to 16.5 per cent in June compared to 15.6 percent in May, according to the National Bureau of Statistics (NBS). This is the fifth consecutive month that the headline index would increase relatively strong.  The increase in the month under review was attributed […]

Trade Deficit: More Job Losses Likely in Banks

by Breaking Timeson June 7, 2016
Twenty Deposit Money Banks (DMBs) are expected to fire at least 10,000 out of their estimated 110,000 workers before the year-ends, The Nation has learnt. This becomes exigent as the impact of trade balance deficit recorded in the first quarter of this year begins to hurt the economy. The National Bureau of Statistics (NBS) said […]