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Automotive Gas Oil (Diesel) Price Watch (December 2021)
Sector Statistics
Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 28.97% on a year-on-year basis from a lower cost of N224.37 per litre recorded in the corresponding month of last year to a higher cost of N289.37 per litre in December 2021.…
Premium Motor Spirit (Petrol) Price Watch (December 2021)
Sector Statistics
Executive Summary The average price paid by consumers for premium motor spirit (petrol) increased by 0.04% on year-onyear basis to N165.77 in December 2021 when compared to the valued in December 2020 (N165.70). The value decreased on month-on-month basis to N165.77 in December…
CPI and Inflation Report December 2021
CPI and Inflation
Summary The consumer price index, (CPI) which measures inflation increased by 15.63 percent (year-on-year) in December 2021. This is 0.13 percent points lower than the rate recorded in December 2020 (15.75) percent. This is showing slowing down in the rate when compared to the c…
Nigerian Capital Importation Q3 2021
Business and Finance
Executive Summary The total value of capital importation into Nigeria in the third quarter of 2021 stood at $1.731.37 million from $875.62 million in the preceding quarter of 2021 showing an increase of 97.73%. When compared to the corresponding quarter of 2020, capital importati…
Transport Fare Watch (November 2021)
Sector Statistics
Executive Summary This report shows Transport Fare for November 2021 covering 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 moto…
Selected Food Prices Watch (November 2021)
Sector Statistics
Executive Summary Selected food price watch for November 2021 reveals higher prices on a month-on-month basis and year-on-year basis for the commodities reported except for plantain (ripe and unripe) whose price declined on a month -on-month basis and onion bulb whose price decli…
Commodity Price Indices and Terms of Trade (Q3 2021)
International Trade
Highlights ¨ The All commodity group import index on average increased 0.52% .This was led by rising prices of products of the chemical and allied industries , wood and articles of wood, wood charcoal and articles , Paper making material; paper and paperboard. ¨ The All c…
Liquefied Petroleum Gas (Cooking Gas) Price Watch (November 2021)
Sector Statistics
Executive Summary The average price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) by consumers in November 2021 was N7,308.06, an increase of 10.09 percent on a month-on-month basis from a lower cost of N6,638.27 in the preceding month of October 2021. O…
National Household Kerosene Price Watch (November 2021)
Sector Statistics
Executive Summary The average price per litre of Household Kerosene paid by consumers in November 2021 was N441.06, an increase of 4.17 percent on a month-on-month basis from N423.42 in October 2021. On a year-on-year basis, the average price of the product increased by 24.81 per…
Automotive Gas Oil (Diesel) Price Watch (November 2021)
Sector Statistics
Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 24.17 percent on a year-on-year basis from a lower cost of N223.74 per litre recorded in the corresponding month of last year to a higher cost of N277.83 per litre in November…
Premium Motor Spirit (Petrol) Price Watch (November 2021)
Sector Statistics
Executive Summary The average retail price of Premium Motor Spirit (Petrol) paid by consumers increased by 0.19 percent on a year-on-year basis from a lower cost of N167.27 per litre recorded in the corresponding month of last year to a higher cost of N167.60 per litre in Novembe…
CPI and Inflation Report November 2021
CPI and Inflation
Consumer Price Index The consumer price index, (CPI) which measures inflation increased by 15.40 percent (year-on-year) in November 2021. This is 0.51 percent points higher than the rate recorded in November 2020 (14.89) percent. Increases were recorded in all COICOP divisions th…
Value Added Tax (VAT) & Company Income Tax (CIT) Q3 2021
Sector Statistics
Executive Summary The total Value Added Tax (VAT) collected over the first, second and third quarter 2021 were reported at N496.39 billion, N512.25 billion and N500.49 billion respectively compared to the corresponding figures of last year at N324.58 billion, N327.20 billion and…
Foreign Trade in Goods Statistics (Q3 2021)
International Trade
Key Highlights Nigeria's Merchandise Trade grew as imports increased significantly and showed a marginal growth in export, resulting in an unfavorable trade balance in Q3, 2021: Total Trade increased by 10.43% in Q3, 2021 compared to Q2, 2021 and 58.59% year-on-year. IMPORTS Tota…
Selected Food Prices Watch (October 2021)
Sector Statistics
Executive Summary Selected Food Price Watch Report for October 2021 revealed that the average price of 1Kg Beans: white black eye. sold loose size increased year-on-year by 54.72% and month-on month by 0.68% to N464.74 in October 2021 from N461.59 in September 2021 and N300.37 in…
Transport Fare Watch (October 2021)
Sector Statistics
Executive Summary The Transport Fare Watch Report for October 2021 covers the following categories namely 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 mo…
Nigerian Gross Domestic Product Report (Q3 2021)
Gross Domestic Product
Overview Nigeria's Gross Domestic Product (GDP) grew by 4.03%(year-on-year) in real terms in the third quarter of 2021, showing a sustained positive growth over the last four quarters since the recession witnessed in 2020. Output contracted by -6.10% and -3.62% in Q2 and Q3 of 20…
Liquefied Petroleum Gas (Cooking Gas) Price Watch (October 2021)
Sector Statistics
Executive Summary The average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 9.61% month-on-month and by 34.51% year-on-year to N2,627.94 in October 2021 from N2,397.60 in September 2021.and N1,953.71 in October 2020. States with…
National Household Kerosene Price Watch (October 2021)
Sector Statistics
Executive Summary The average price per litre paid by consumers for national household kerosene in October 2021 was N423.42, this decreased by 2.52% month-on-month to N434.39 in September 2021. The year-on-year comparison shows that the average price in October 2021 (N423.42) inc…
Automotive Gas Oil (Diesel) Price Watch (October 2021)
Sector Statistics
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