Tag: National Bureau of Statistics
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Nigerians groan as food inflation hits 20.60%
Nigerian traders and buyers have expressed dismay over soaring prices of food items as food inflation hit an upward height, moving from 19.50 percent recorded in May to 20.60 percent in June. The National Bureau of Statistics (NBS) data shows that the composite food index rose to 20.60 per cent in June 2022 on a…
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Nigerian Railway Generates N2.1billion in Six Months
Railway business generates a total sum of N2.1 billion revenue in six months, National Bureau of Statistics (NBS) has confirmed on its latest rail transport data. Breaking down the statistics, the sum of N424.5 million was generated in the first quarter and a total of N565.4 million was realised in the second quarter, thereby amounting…
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Nigeria’s Foreign Trade Rises to N9.76tn in Q1, Records N3.94tn Deficit
Nigeria’s total merchandise trade increased to N9.76 trillion in the first quarter of the year, representing 6.99 per cent rise over the N9.12 trillion in the preceding quarter, the National Bureau of Statistics (NBS) stated on Monday. This also represented 14.13 per cent increase compared to N8.55 trillion recorded in Q1 2020. According to the…