National Bureau of Statistics × 2039 ×
CPI and Inflation Report August 2023
CPI and Inflation
Headline In August 2023, the headline inflation rate increased to 25.80% relative to the July 2023 headline inflation rate which was 24.08%. Looking at the movement, the August 2023 headline inflation rate shows an increase of 1.72% points when compared to the July 2023 headline…
Nigerian Domestic & Foreign Debt Q2 2023
Sector Statistics
Key Highlights Nigeria's public debt stock which includes external and domestic debt stood at N87.38 trillion (US$113.42 billion) in Q2 2023 from N49.85 trillion (US$ 108.30 billion) in Q1 2023, indicating a growth rate of 75.27% on a quarter-on-quarter basis. Total external debt…
Transport Fare Watch (July 2023)
Sector Statistics
Executive Summary Transport Fare Watch for July 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) per…
Selected Food Prices Watch (July 2023)
Sector Statistics
Executive Summary Selected Food Price Watch for July 2023 shows that the average price of 1kg of Beef boneless stood at N2,758.13 in July 2023. This indicates 30.17% rise in price on a year-on-year basis from N2,118.84 recorded in July 2022 and 3.96% rise in price on a month-on-m…
Nigeria Electricity Report Q2 2023: Energy Billed, Revenue Generated And Customers By DISCOS
Sector Statistics
Executive Summary Total customer numbers in Q2 2023 stood at 11.47 million from 11.27 million in Q1 2023, showing an increase of 1.84%. On a year-on-year basis, customer numbers in Q2 2023 rose by 6.17% from 10.81 million reported in Q2 2022. Similarly, metered customers stood at…
Foreign Trade in Goods Statistics (Q2 2023)
International Trade
Key Highlights In the second quarter of 2023, Nigeria's total trade stood at N12,741.96 billion, total exports stood at N7,015.71 billion and total imports amounted to N5,726.25 billion. Total exports increased by 8.15% when compared to the amount recorded in the first quarter of…
Rail Transportation Data (Q2 2023)
Sector Statistics
Executive Summary In Q2 2023, a total of 474,117 passengers travelled via rail system, relative to 422,393 reported in the corresponding quarter of 2022, indicating a growth rate of 12.25%. The volume of goods/cargos transported in Q2 2023 stood at 56,029 tons, compared to 31,197…
Telecoms Data: Active Voice and Internet per State, Porting and Tariff Information (Q1 2023)
Sector Statistics
Executive Summary The total number of active voice subscribers in Q1 2023 was 226,161,713 from the 199,558,540 reported in Q1 2022, indicating a growth rate of 13.33%. On a quarter-on-quarter basis, this grew by 1.61%. Also, in Q1 2023, the total number of active internet subscri…
Company Income Tax Q2 2023
Sector Statistics
Executive Summary On the aggregate, Company Income Tax (CIT) for Q2 2023 was reported at N1.53 trillion, indicating a growth rate of 226.40% on a quarter-on-quarter basis from N469.01 billion in Q1 2023. Local payments received were N1.02 trillion, while Foreign CIT Payment contr…
Value Added Tax (VAT) Q2 2023
Sector Statistics
Executive Summary On the aggregate, Value Added Tax (VAT) for Q2 2023 was reported at N781.35 billion, showing a growth rate of 10.11% on a quarter-on-quarter basis from N709.59 billion in Q1 2023. Local payments recorded were N512.03 billion, Foreign VAT Payments were N142.63 bi…
Liquefied Petroleum Gas (Cooking Gas) Price Watch (July 2023)
Sector Statistics
Executive Summary The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) rose by 0.11% on a month-on-month basis from N4,068.26 recorded in June 2023 to N4,072.87 in July 2023. On a year-on -year basis, this decreased by 7.39% from N4,397.6…
National Household Kerosene Price Watch (July 2023)
Sector Statistics
Executive Summary The average retail price per litre of Household Kerosene (HHK) paid by consumers in July 2023 was N1,260.81, indicating an increase of 2.00% compared to N1,236.10 recorded in June 2023. On a year-on-year basis, the average retail price per litre of the product r…
Nigeria Gross Domestic Product Q2 2023
Gross Domestic Product
Overview Nigeria Gross Domestic Product (GDP) grew by 2.51% (year-on-year) in real terms in the second quarter of 2023. This growth rate is lower than the 3.54% recorded in the second quarter of 2022 and may be attributed to the challenging economic conditions being experienced.…
PRESS RELEASE ON THE NIGERIA LABOUR FORCE SURVEY 24_8_2023
NBS
Nigeria Labour Force Survey (NLFS) - Frequently Asked Questions
NBS
Statistician General Keynote Address at the NLFS Official Launch 24_8_2023
NBS
Premium Motor Spirit (Petrol) Price Watch (July 2023)
Sector Statistics
Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) for the month of July 2023 was N600.35, indicating a 215.95% increase when compared to the value recorded in July 2022 (N190.01). Likewise, comparing the average price value with the pr…
Automotive Gas Oil (Diesel) Price Watch (July 2023)
Sector Statistics
Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 2.60% on a year-on-year basis from a lower cost of N774.38 per litre recorded in the corresponding month of last year to a higher cost of N794.48 per litre in July 2023. On a…
CPI and Inflation Report July 2023
CPI and Inflation
Executive Summary In July 2023, the headline inflation rate rose to 24.08% relative to June 2023 headline inflation rate which was 22.79%. Looking at the movement, the July 2023 headline inflation rate showed an increase of 1.29% points when compared to June 2023 headline inflati…
Federation Account Allocation Committee (FAAC) (April 2023 Disbursement)
Business and Finance
Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N872.55 billion to the three tiers of government in April 2023 from the total revenue generated in March 2023. The amount disbursed comprised N638.67bn from the Statutory Account, N15.09bn f…
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