National Bureau of Statistics (NBS)

The Lagos Chamber of Commerce and Industry has endorsed the National Bureau of Statistics (NBS) revised Consumer Price Index (CPI) methodology, stating that the framework is technically sound, statistically credible, and consistent with…

The Centre for the Promotion of Private Enterprise (CPPE) has cast doubt on the accuracy of Nigeria's inflation data, voicing concerns over recent adjustments made to the way the Consumer Price Index (CPI) is calculated. Last Tuesday,…

Nigeria’s headline inflation rate eased again in December 2025, dropping to 15.5 per cent from 17.33 per cent. This marks a continued slowdown in price pressures toward the year’s end, according to the latest Consumer Price Index (CPI)…

Reports from food markets in certain states have revealed that prices remain persistently high, even though grain prices have reportedly dropped nationwide, and the National Bureau of Statistics (NBS) data shows a decline in food inflation…

Nigeria’s food prices edged higher in June 2025, with month-on-month food inflation rising to 3.25 per cent, up from 2.19 per cent in May, despite a sharp drop in the year-on-year food inflation rate to 21.97 per cent, according…

Nigeria’s month-on-month food inflation climbed to 2.19 per cent in May 2025, up 0.12 per cent from April’s 2.06 per cent, signaling persistent pressure on household budgets even as the headline inflation rate…

Nigerian exporters with access to the Iranian and Israeli markets are likely to suffer a loss of between $253 million and $553 million if the ongoing conflict between the two countries escalates further.  Trade between the two countries…

Nigerian households are facing fresh economic pressure as the cost of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, surged by 9.82 per cent in April 2025. The average price jumped from…

The National Bureau of Statistics (NBS) has launched the Nigeria Food Price Tracking Dashboard (Pilot) to monitor real-time prices of ten staple food items nationwide.  A digital…

Nigeria’s National Bureau of Statistics (NBS), in collaboration with the National Orientation Agency (NOA), has unveiled plans to rebase the country’s Gross Domestic Product (GDP) to reshape how the nation’s economic strength is…