By Seun Ibiyemi The National Bureau of Statistics (NBS) says the average retail price of Premium Motor Spirit (PMS), popularly known as petrol, rose sharply from ₦1,051.47 per litre in February to ₦1,288.54 in March 2026. The NBS disclosed this in its Petrol Price Watch for March released on Tuesday in Abuja. According to the…
By Seun Ibiyemi The National Bureau of Statistics (NBS) has reported that Nigeria’s headline inflation rate increased to 15.38 per cent in March 2026.This was contained in the NBS Consumer Price Index (CPI) and Inflation Report for March 2026 released in Abuja on Wednesday. According to the report, the figure represents a 0.32 per cent…
By Seun Ibiyemi Nigeria recorded total capital importation of $6.44 billion in the fourth quarter of 2025, marking a 26.61 per cent increase year-on-year, according to the latest report by the National Bureau of Statistics (NBS). The figure also represents a 7.13 per cent rise from the $6.01 billion recorded in the third quarter of…
By Seun Ibiyemi The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, declined by 15.60 per cent year-on-year to ₦1,051.47 in February 2026, according to the latest Price Watch report. The report, released for February 2026, showed that the average price paid by consumers dropped from ₦1,245.80 recorded in February 2025….
By Seun Ibiyemi Nigeria’s headline inflation rate eased slightly to 15.06 per cent in February 2026, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The report, published in Abuja on Monday, showed a marginal decline of 0.04 percentage points from the 15.10 per cent recorded in…
By Seun Ibiyemi Nigeria’s headline inflation rate eased marginally to 15.06 per cent in February 2026, down from 15.10 per cent recorded in January, according to the latest data from the National Bureau of Statistics. The data showed that the Consumer Price Index (CPI), which measures the average change in prices of goods and services…
By Seun Ibiyemi Nigeria’s real Gross Domestic Product (GDP) grew by 4.07 per cent in the fourth quarter of 2025, driven largely by increased crude oil production, according to the latest report released on Friday by the National Bureau of Statistics (NBS). The growth rate represents an improvement over the 3.76 per cent recorded in…
Nigeria’s banking sector emerged as the top destination for foreign capital in the third quarter of 2025, attracting $3.14 billion and accounting for 52.25 percent of total capital imported into the country. This is according to the Capital Importation Report for Q3 2025 released by the National Bureau of Statistics (NBS), which showed a significant…
By Adeyemi David The Centre for the Promotion of Private Enterprise (CPPE) has said Nigeria’s inflation decline to 15.10 percent in January points to a significant shift toward macroeconomic stabilisation, offering relief for households and renewed confidence for investors. Founder of the CPPE, Muda Yusuf, made the assertion in a statement issued Monday in Lagos…
The National Bureau of Statistics (NBS) has reported that Nigeria’s telecommunications industry sustained strong performance in the second quarter of 2025, with active voice subscriptions reaching 171,730,06, representing a 0.48 percent increase from the 170,904,257 recorded in the corresponding period of 2024. The figures are contained in the NBS Telecoms Data: Active Voice and Internet,…
