National Bureau of Statistics × 1970 ×
Liquefied Petroleum Gas (Cooking Gas) Price Watch (November 2023)
Sector Statistics
Executive Summary The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 5.82% on a month-on-month basis from N4,562.51 recorded in October 2023 to N4,828.18 in November 2023. On a year-on-year basis, this increased by 6.13% fr…
National Household Kerosene Price Watch (November 2023)
Sector Statistics
Executive Summary The average retail price per litre of Household Kerosene (HHK) paid by consumers in November 2023 was N1287.10, indicating a decline of 1.23% when compared to N1,303.16 recorded in October 2023. On a year-on-year basis, the average retail price per litre of the…
Automotive Gas Oil (Diesel) Price Watch (November 2023)
Sector Statistics
Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 30.50% on a year-on-year basis from a lower cost of N808.87 per liter recorded in the corresponding month of last year to a higher cost of N1055.57 per liter in November 2023.…
Premium Motor Spirit (Petrol) Price Watch (November 2023)
Sector Statistics
Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) for the month of November 2023 was N648.93, indicating a 220.49% increase when compared to the value recorded in November 2022 (N202.48). Likewise, comparing the average price value wit…
Federation Account Allocation Committee (FAAC) (October 2023 Disbursement)
Business and Finance
Key Highlights The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.59 trillion to the three tiers of government in October 2023 from the total revenue generated in September 2023. The amount disbursed comprised: N1.01 trillion recorded from the Statutory Ac…
CPI and Inflation Report November 2023
CPI and Inflation
Executive Summary In November 2023, the headline inflation rate increased to 28.20% relative to October 2023 headline inflation rate which was 27.33%. Looking at the movement, the November 2023 headline inflation rate showed an increase of 0.87% points when compared to October 20…
Value Added Tax (VAT) Q3 2023
Sector Statistics
Executive Summary On the aggregate, Value Added Tax (VAT) for Q3 2023 was reported at N948.07 billion, showing a growth rate of 21.34% on a quarter-on-quarter basis from N781.35 billion in Q2 2023. Local payments recorded were N522.08 billion, Foreign VAT Payments were N204.58 bi…
Company Income Tax Q3 2023
Sector Statistics
Executive Summary On the aggregate, Company Income Tax (CIT) for Q3 2023 was reported at N1.75 trillion, indicating a growth rate of 14.27% on a quarter-on-quarter basis from N1.53 trillion in Q2 2023. Local payments received were N651.63 billion, while Foreign CIT Payment contri…
Foreign Trade in Goods Statistics (Q3 2023)
International Trade
Highlights Total trade in the third quarter of 2023 stood at N18,804.29 billion. Exports were valued at N10,346.60 billion while total imports stood at N8,457.68 billion. Total exports increased by 60.78% compared to the amount recorded in the second quarter of 2023 (N6,435.13 bi…
Federation Account Allocation Committee (FAAC) (September 2023 Disbursement)
Business and Finance
Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.48 trillion to the three tiers of government in September 2023 from the total revenue generated in August 2023. The amount disbursed comprised: N714.84 billion recorded from the Statutory…
Selected Food Prices Watch (October 2023)
Sector Statistics
Exeutive Summary Selected Food Price Watch for October 2023 shows that the average price of 1kg of Tomato rose by 48.73% on a year-on-year basis from N454.46 in October 2022 to N675.91 in October 2023. On a month-on-month basis, it increased by 19.48% from N565.69 in September 20…
Nigerian Gross Domestic Product Report (Q3 2023)
Gross Domestic Product
Overview Gross Domestic Product (GDP) grew by 2.54% (year-on-year) in real terms in the third quarter of 2023. This growth rate is higher than the 2.25% recorded in the third quarter of 2022 and higher than the second quarter 2023 growth of 2.51%. The performance of the GDP in th…
Nigerian Gross Domestic Product Report (Expenditure and Income Approach) (Q1, Q2 2023)
Gross Domestic Product
Summary In the first quarter of 2023, Nigeria's real GDP at basic prices grew by 2.31% on a year-on-year basis, showing a lower growth rate compared to the corresponding quarter of 2022 which was 3.11%. Growth of Q2 of 2023 GDP remained positive at 2.51%, yet lower compared to th…
Concepts and Definitions Gross Domestic Product by Expenditure and Income Approach
Gross Domestic Product
Transport Fare Watch (October 2023)
Sector Statistics
Executive Summary Transport Fare Watch for October 2023 covers the following categories: bus journey within the city per drop constant route; bus journey intercity (state route) charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada)…
Liquefied Petroleum Gas (Cooking Gas) Price Watch (October 2023)
Sector Statistics
Executive Summary The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 8.89% on a month-on-month basis from N4,189.96 recorded in September 2023 to N4,562.51 in October 2023. On a year-on-year basis, this increased by 1.76% f…
National Household Kerosene Price Watch (October 2023)
Sector Statistics
Executive Summary The average retail price per litre of Household Kerosene (HHK) paid by consumers in October 2023 was N1,303.16, indicating an increase of 0.32% compared to N1,299.03 recorded in September 2023. On a year-on-year basis, the average retail price per litre of the p…
Automotive Gas Oil (Diesel) Price Watch (October 2023)
Sector Statistics
Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 25.45% on a year-on-year basis from a lower cost of N801.09 per liter recorded in the corresponding month of last year (October, 2022) to a higher cost of N1004.98 per liter i…
Premium Motor Spirit (Petrol) Price Watch (October 2023)
Sector Statistics
Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) for the month of October 2023 was N630.63, indicating a 222.92% increase when compared to the value recorded in October 2022 (N195.29). Likewise, comparing the average price value with…
CPI and Inflation Report October 2023
CPI and Inflation
Executive Summary In October 2023, the headline inflation rate increased to 27.33% relative to the September 2023 headline inflation rate which was 26.72%. Looking at the movement, the October 2023 headline inflation rate showed an increase of 0.61% points when compared to the Se…
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