Inflation Eases to 15.39% as Food Prices Slow — NBS
By: Mardiyyah Abubakar Nigeria’s headline inflation rate eased marginally to 15.39 per cent in August 2026, driven largely by a significant slowdown in food price growth, the National Bureau of Statistics has said. The NBS disclosed this in its Consumer Price Index report for August, released on Monday, noting that the figure was 0.04 percentage […]
Diesel Price Jumps 86% in One Year, Hits N3,277/Litre – NBS
By Oluwakemi Kindness The National Bureau of Statistics (NBS) says Nigerians faced mounting energy costs in May as the average retail price of diesel surged by 86.4 per cent year-on-year to N3,277.47 per litre, the highest increase recorded among the country’s major petroleum products. The NBS latest Price Watch report on Monday showed that diesel, […]
Nigeria’s Inflation Eases to 15.10% in January 2026 – NBS
By Oluwakemi Kindness The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate declined marginally to 15.10 per cent in January 2026, down from 15.15 per cent in December 2025. The slight drop according to the NBS on Monday came despite earlier projections by analysts that inflation could rise to 19 per cent in […]
Reps Warns CBN Against Risks of High Interest Rates Amid Economic Recovery
By Oluwakemi Kindness The House of Representatives Committee on National Planning and Economic Development has urged the Central Bank of Nigeria (CBN) to reconsider the prolonged use of high interest rates to fight inflation, warning of potential adverse effects on key sectors of the economy. Chairman of the Committee, Rep. Gboyega Nasiru issued the caution […]
NEPC, NBS Sign MoU to Capture Informal Cross-Border Trade Data
By Oluwakemi Kindness The Nigerian Export Promotion Council (NEPC) and the National Bureau of Statistics (NBS) have formalized a partnership through the signing of a Memorandum of Understanding (MoU) to improve data collection on Informal Cross-Border Trade (ICBT) in Nigeria. Speaking at the signing ceremony held at the NBS Headquarters in Abuja, NEPC Executive Director/CEO, […]