Nigeria’s life expectancy up slightly to 48.97

The National Bureau of Statistics (NBS) reported on Thursday that Nigeria’s life expectancy was 48.97 as at year 2016, representing a slight increase from the value of 48.44 recorded for 2013. The Bureau reported that despite the marginal increase in the nation’s life expectancy, male life expectancy at birth dropped slightly from 47.07 in 2013 […]

Banking sector records N32.90trn transactions in Q2 2018 – NBS

The National Bureau of Statistics (NBS) says a total of 509,668,433 transactions valued at N32.90 trillion were recorded in the banking sector during the second quarter of this year. The NBS stated this in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report released in Abuja. According […]

Fuel, cooking gas prices up in August – NBS

The price of Premium Motor Spirit (Petro) also increased to N146.90 in August from N146.80 recorded in July, the National Bureau of Statistics (NBS) has reported. The NBS disclosed also that in the August 2018 “Premium Motor Spirit (Petro) Price Watch” posted on its website, the average price paid by consumers for petrol increased by […]

Insurance sector records 6.07% growth in Q2, 2018 – NBS

The National Bureau of Statistics (NBS) has reported that the nation’s insurance industry recorded a 6.07 percent growth in the second quarter of this year and accounted for 16.02 percent share of the financial services market. The Bureau in its latest report on the finance and insurance sector’s performance in the quarter under review, stated […]

Nigeria’s air passengers drop to 3.5mn in Q2 – NBS

The National Bureau of Statistics (NBS) says 3.65 million air passengers travelled through Nigerian airports in the second quarter of 2018. This is against 3.84 million recorded in the first quarter. According to the NBS in its “Air Transport Data” (Q1 and Q2 2018) report released over the weekend, it revealed a declined in air […]

Daily energy generated averages 81,561MWh in Q2 2018-NBS

A total average of 81,561 megawatts (Mwh) of energy was generated daily by power stations, the National Bureau of Statistics (NBS) has reported. In the power sector report for Q2, the statistics bureau showed that daily energy generation attained a peak of 98,573 Mw on the 18th of April 2018. However, the lowest daily energy […]

Nigeria records 1.5% GDP growth in Q2, 2018

The National Bureau of Statistics (NBS) on Monday reported that Nigeria’s Gross Domestic Product (GDP) grew by 1.5 percent in the second quarter of this year. The Bureau stated that the growth rate, which remained the highest since Nigeria’s exit from recession, was driven by the non-oil sector. In its report titles ‘Q2, 2018 Gross […]

OPS leaders decry low credit to manufacturing, other sectors

Leaders of the Organised Private Sector (OPS) have described the shrinking credit from the Deposit Money Banks (DMBs) to real sector and other critical value-adding sectors of the economy as undesirable for the nation’s economic growth. The top OPS players spoke against the backdrop of the latest statistical figures published by the National Bureau of […]

Consumers pay less for kerosene in July

The National Bureau of Statistics (NBS) on Tuesday reported that households paid lesser for kerosene in July with the average price per litre decreasing by -1.00 percent month-on-month and -1.29 percent year-on-year when compared with the commodity’s price in June. Specifically, users paid N276.87 for a litre of the commodity in July 2018 down from […]

Discos’ consumers received 93,219 prepaid meters in Q4 2017 — NBS

The total number of electricity consumers with prepaid meters increased by 6.23 per cent to 1,589,805 in the first three months of this year from 1,496,586 in the fourth quarter of 2017. Almost five years after the privatisation of the power sector, many consumers continue to groan over estimated billing as demand for prepaid meters […]