National Bureau of Statistics × 1750 ×
Nigeria Capital Importation Q1 2024
Business and Finance
Key Highlights In Q1 2024, total capital importation into Nigeria stood at US$3,376.01 million, higher than US$1,132.65 million recorded in Q1 2023, indicating an increase of 198.06%. In comparison to the preceding quarter, capital importation rose by 210.16% from US$1,088.48 mil…
Cost of Healthy Diet May 2024
Sector Statistics
Highlights The Cost of a Healthy Diet (CoHD) is the least expensive combination of locally available items that meets globally consistent food-based dietary guidelines. It is used as a measure of physical and economic access to healthy diets. This is a lower bound (or floor) of t…
Commodity Price Indices and Terms of Trade (Q1 2024)
International Trade
Highlights Between January and March 2024 (Jan 2018=100): • The All-Commodity Group Import Index for Q1, 2024 on average increased by 0.51 per cent. The increase can be attributed to the changes in import prices of "Vehicles, aircraft and parts thereof; vessels etc.", "Miner…
Nigerian Domestic & Foreign Debt Q1 2024
Sector Statistics
Executive Summary Nigeria's public debt stock which includes external and domestic debt stood at N121.67 trillion (US$91.46 billion) in Q1 2024 from N97.34 trillion (US$ 108.23 billion) in Q4 2023, indicating a growth rate of 24.99% on a quarter-on-quarter basis. o Total external…
Nigeria Electricity Report Q1 2024: Energy Billed, Revenue Generated And Customers By DISCOS
Sector Statistics
Executive Summary Total customer numbers in Q1 2024 stood at 12.33 million from 12.12 million in Q4 2023, showing an increase of 1.78%. On a year-on-year basis, customer numbers in Q1 2024 rose by 9.47% from 11.27 million reported in Q1 2023. Similarly, metered customers stood at…
Transport Fare Watch (May 2024)
Sector Statistics
Executive Summary Transport Fare Watch for May 2024 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 motor cycle (Okada) per…
Selected Food Prices Watch (May 2024)
Sector Statistics
Executive Summary Selected Food Price Watch for May 2024 shows that the average price of 1kg Rice local sold loose stood at N1,608.89. This indicates a rise of 189.79% in price on a year-on-year basis from N555.18 recorded in May 2023 and a 14.98% rise in price on a month-on-mont…
Liquefied Petroleum Gas (Cooking Gas) Price Watch (May 2024)
Sector Statistics
Executive Summary The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 13.75% on a month-on-month basis from N6,521.58 recorded in April 2024 to N7,418.45 in May 2024. On a year-on-year basis, this increased by 70.12% from N4…
National Household Kerosene Price Watch (May 2024)
Sector Statistics
Executive Summary The average retail price per litre of Household Kerosene (HHK) paid by consumers in May 2024 was N1,450.35, show ing an increase of 0.74% compared to N1,439.64 recorded in April 2024. On a year-on-year basis, the average retail price per litre of the product ros…
Automotive Gas Oil (Diesel) Price Watch (May 2024)
Sector Statistics
Executive Summary The average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 66.29% on a year-on-year basis from a lower cost of N844.28 per liter recorded in the corresponding month of last year (i.e., May 2023) to a higher cost of N1403.96 per liter…
CPI and Inflation Report May 2024
CPI and Inflation
Executive Summary In May 2024, the headline inflation rate increased to 33.95% relative to the April 2024 head line inflation rate which was 33.69%. Looking at the movement, the May 2024 headline infla tion rate showed an increase of 0.26% points when compared to the April 2024 h…
Company Income Tax Q1 2024
Sector Statistics
Executive Summary On the aggregate, Company Income Tax (CIT) for Q1 2024 was reported at N984.61 billion, indicating a growth rate of -12.87% on a quarter-on-quarter basis from N1.13 trillion in Q4 2023. Local payments received were N386.49 billion, while Foreign CIT Payment cont…
Value Added Tax (VAT) Q1 2024
Sector Statistics
Executive Summary On the aggregate, Value Added Tax (VAT) for Q1 2024 was reported at N1.43 trillion, show ing a growth rate of 19.21% on a quarter-on-quarter basis from N1.20 trillion in Q4 2023. Local payments recorded were N663.18 billion, Foreign VAT Payments were N435.73 bil…
Foreign Trade in Goods Statistics (Q1 2024)
International Trade
Overview Nigeria's total merchandise trade stood at N31,810.59 billion in Q1, 2024. This represents an increase of 46.27% over the value recorded in the preceding quarter and rose by 145.58% compared to the value recorded in the corresponding period of 2023. Data revealed that ex…
Federation Account Allocation Committee (FAAC) (April 2024 Disbursement)
Business and Finance
Highlights 1. The Federation Account Allocation Committee (FAAC) disbursed the sum of ₦1.87 trillion to the three tiers of government in April 2024 from the total revenue generated in March 2024. 2. The amount disbursed comprised: • ₦1.02 trillion recorded from the Statu…
Federation Account Allocation Committee (FAAC) (March 2024 Disbursement)
Business and Finance
Highlights 1. The Federation Account Allocation Committee (FAAC) disbursed the sum of ₦2.33 trillion to the three tiers of government in March 2024 from the total revenue generated in February 2024. 2. The amount disbursed comprised: • ₦1.19 trillion recorded from the St…
Transport Fare Watch (April 2024)
Sector Statistics
Executive Summary Transport Fare Watch for April 2024 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 motor cycle (Okada) p…
Cost of Healthy Diet April 2024
Sector Statistics
Highlights The Cost of a Healthy Diet (CoHD) is the least expensive combination of locally available items that meets globally con sistent food-based dietary guidelines. It is used as a measure of physical and economic access to healthy diets. This is a lower bound (or floor) of…
National Gross Domestic Product Q1 2024
Gross Domestic Product
Overview Nigeria's Gross Domestic Product (GDP) grew by 2.98% (year-on-year) in real terms in the first quarter of 2024. This growth rate is higher than the 2.31% recorded in the first quarter of 2023 and lower than the fourth quarter of 2023 growth of 3.46%. The performance of t…
Selected Food Prices Watch (April 2024)
Sector Statistics
Executive Summary Selected Food Price Watch for April 2024 shows that the average price of 1kg Rice local sold loose stood at N1,399.34. This indicates a rise of 155.93% in price on a year-on-year basis from 546.76 recorded in April 2023 and 3.47% rise in price on a month-on-mont…
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