National Bureau of Statistics × 1960 ×
Federation Account Allocation Committee (FAAC) (March 2023 Disbursement)
Business and Finance
Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N860.04 billion to the three tiers of government in March 2023 from the total revenue generated in February 2023. The amount disbursed comprised N487.11bn from the Statutory Account, N120.00…
Transport Fare Watch (June 2023)
Sector Statistics
Executive Summary Transport Fare Watch for June 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 (June 2023)
Sector Statistics
Executive Summary Selected Food Price Watch for June 2023 shows that the average price of 1kg of Beef boneless stood at N2,653.02 in June 2023. This indicates a growth of 27.55% on a year-on-year basis from N2,079.93 recorded in June 2022 and a 5.26% rise on a month-on-month basi…
National Household Kerosene Price Watch (June 2023)
Sector Statistics
Executive Summary The average retail price per litre of Household Kerosene (HHK) paid by consumers in June 2023 was N1,236.10, indicating an increase of 2.49% compared to N1,206.05 recorded in May 2023. On a year-on-year basis, the average retail price per litre of the product ro…
Liquefied Petroleum Gas (Cooking Gas) Price Watch (June 2023)
Sector Statistics
Executive Summary The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) decreased by 6.71% on a month-on-month basis from N4,360.69 recorded in May 2023 to N4,068.26 in June 2023. On a year-on-year basis, this decreased by 3.56% from N4,21…
Automotive Gas Oil (Diesel) Price Watch (June 2023)
Sector Statistics
Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers in June 2023 was N815.83 per litre, an increase of 11.18% from N733.78 per litre recorded in the corresponding month of the previous year. On a month-on-month basis, this decreased by 3.37…
Premium Motor Spirit (Petrol) Price Watch (June 2023)
Sector Statistics
Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) in June 2023 was N545.83, indicating an increase of 210.31% relative to the value recorded in June 2022 (N175.89). Likewise, comparing the average price value with the previous month (i…
Federation Account Allocation Committee (FAAC) (February 2023 Disbursement)
Business and Finance
Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.03trn to the three tiers of government in February 2023 from the total revenue generated in January 2023. The amount disbursed comprised N653.70bn from the Statutory Account, N115.00bn fr…
CPI and Inflation Report June 2023
CPI and Inflation
Consumer Price Index June 2023 In June 2023, the Headline inflation rate rose to 22.79% relative to May 2023 headline inflation rate which was 22.41%. Looking at the movement, the June 2023 Headline inflation rate showed an increase of 0.38% points when compared to May 2023 headl…
Nigeria Capital Importation Q1 2023
Business and Finance
Executive Summary Total capital importation into Nigeria in Q1 2023 stood at US$1,132.65 million, lower than US$1,573.14 million recorded in Q1 2022, indicating a decrease of 28.00%. When compared to the preceding quarter, capital importation rose by 6.78% from US$1,060.73 millio…
Reference Document Guiding Labour Force Methodology Change
Other Sources
19th ICLS The 19th International Conference of Labour Statisticians, Having reviewed the relevant texts of the resolution concerning statistics of the economically active population, employment, unemployment and underemployment adopted by the 13th International Conference of Labo…
Selected Food Prices Watch (May 2023)
Sector Statistics
Executive Summary Selected Food Price Watch for May 2023 shows that the average price of 1kg of Beef boneless stood at N2,520.52 in May 2023. This indicates a 24.19% rise in price on a year-on-year basis, from N2,029.59 recorded in May 2022 and a 1.00% rise in price on a month-on…
Liquefied Petroleum Gas (Cooking Gas) Price Watch (May 2023)
Sector Statistics
Executive Summary The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) declined by 6.07% on a month-on-month basis from N4,642.27 recorded in April 2023 to N4,360.69 in May 2023. On a year-on-year basis, this rose by 11.20% from N3,921.35…
Transport Fare Watch (May 2023)
Sector Statistics
Executive Summary Transport Fare Watch for May 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…
National Household Kerosene Price Watch (May 2023)
Sector Statistics
Executive Summary The average retail price per litre of Household Kerosene (HHK) paid by consumers in May 2023 was N1,206.05, indicating an increase of 3.91% compared to N1,160.67 recorded in April 2023. On a year-on-year basis, the average retail price per litre of the product r…
Commodity Price Indices and Terms of Trade (Q1 2023)
International Trade
Between January and March 2023 (Jan 2018=100): The All-Commodity Group Import Index for Q1 2023 on average increased by 0.16 per cent points. This increase can be attributed to the changes in import prices mainly in the price of "Animal and vegetable fats and oils and other cleav…
Electricity Report Q1 2023
Sector Statistics
Executive Summary Total customer numbers in Q1 2023 stood at 11.27 million from 11.06 million in Q4 2022, showing an increase of 1.89%. On a year-on-year basis, customer numbers in Q1 2023 rose by 5.99% from 10.63 million reported in Q1 2022. Similarly, metered customers stood at…
Automotive Gas Oil (Diesel) Price Watch (May 2023)
Sector Statistics
Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers in May 2023 was N844.28 per litre, an increase of 25.81% from N671.08 per litre recorded in the corresponding month of the previous year. On a month-on-month basis, this increased by 0.24%…
Premium Motor Spirit (Petrol) Price Watch (May 2023)
Sector Statistics
Executive Summary The average retail price paid by consumers for Premium Motor Spirit (Petrol) in May 2023 was N238.11, indicating an increase of 37.57% relative to the value recorded in May 2022 (N173.08). Likewise, comparing the average price value with the previous month (i.e.…
CPI and Inflation Report May 2023
CPI and Inflation
Consumer Price Index In May 2023, the headline inflation rate increased to 22.41% relative to April 2023 headline inflation rate which was 22.22%. Looking at the movement, the May 2023 inflation rate showed an increase of 0.19% points when compared to April 2023 headline inflatio…
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