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Tag: NATIONAL BUREAU OF STATISTICS

Business / economics

Inflation’s Impact on Nigeria’s Housing Market in 2024

March 31, 2025March 31, 2025 - by Sofia Nawab - Leave a Comment

Inflation significantly impacted Nigeria’s housing market in 2024, creating affordability challenges and altering demand. The report emphasizes the importance of prioritizing affordable housing and innovative construction methods to mitigate these …

Inflation’s Impact on Nigeria’s Housing Market in 2024 Read More
economics

Nigeria’s Expenditure on Food Importation Reaches N21 Trillion

March 30, 2025March 30, 2025 - by Marcus Chen - Leave a Comment

Nigerians spent N21.51 trillion on imports over the past four years, with significant expenditures on foodstuffs, live animals, plastics, textiles, and more. Despite efforts to enhance local production, reliance on …

Nigeria’s Expenditure on Food Importation Reaches N21 Trillion Read More
Companies

World Bank Raises Concerns Over Nigeria’s Statistical Quality and Investment Needs

March 27, 2025March 27, 2025 - by Carmen Mendez - Leave a Comment

The World Bank has highlighted Nigeria’s inadequate statistical performance compared to peers like Mexico and South Africa. A World Bank delegation, led by Country Director Ndiame Diop, suggested an annual …

World Bank Raises Concerns Over Nigeria’s Statistical Quality and Investment Needs Read More
Climate change

Concerns Rise Over China’s Missed Emissions Target and Global Climate Impacts

March 25, 2025March 25, 2025 - by Sofia Nawab - Leave a Comment

China’s failure to meet its 2024 carbon intensity target has raised alarms over its commitment to carbon neutrality and global climate efforts. The nation’s emissions fell short of planned reductions …

Concerns Rise Over China’s Missed Emissions Target and Global Climate Impacts Read More
Climate change

China’s Missed Emissions Target Challenges Global Climate Initiatives

March 25, 2025March 25, 2025 - by Carmen Mendez - Leave a Comment

China has missed its 2024 carbon emissions target, with a 3.4% reduction in carbon intensity instead of the planned 3.9%. The failure raises concerns about achieving carbon neutrality by 2060 …

China’s Missed Emissions Target Challenges Global Climate Initiatives Read More
Business / Companies / economics

Nigeria’s Economic Rebase: Unlocking New Opportunities for Businesses and Consumers in 2025

March 19, 2025March 19, 2025 - by Marcus Chen - Leave a Comment

Nigeria is at a pivotal moment in 2025 as economic reforms reshape its financial landscape, highlighted by the recent rebase of the GDP and changes in the inflation rate. The …

Nigeria’s Economic Rebase: Unlocking New Opportunities for Businesses and Consumers in 2025 Read More
economics

Stable Naira and Lower Fuel Prices Ease Nigeria’s Inflation

March 19, 2025March 19, 2025 - by Allegra Nguyen - Leave a Comment

Nigeria’s inflation decreased to 23.18% in February 2025 due to stable naira and lower fuel prices, with diesel prices dropping by 33%. Food inflation also eased to 23.51%. However, experts …

Stable Naira and Lower Fuel Prices Ease Nigeria’s Inflation Read More
Business / economics

Widening Skills Gap Leaves Millions of Nigerians Jobless Despite Opportunities

March 19, 2025March 19, 2025 - by Marcus Chen - Leave a Comment

The skills gap in Nigeria is contributing to high unemployment rates, with many graduates lacking requisite skills for available jobs. Recent reports reveal that substantial numbers of job seekers are …

Widening Skills Gap Leaves Millions of Nigerians Jobless Despite Opportunities Read More
economics

Nigeria’s Inflation Rate Declines to 23.18% as Economic Adjustments Impact CPI

March 18, 2025March 18, 2025 - by Allegra Nguyen - Leave a Comment

Nigeria’s inflation rate fell to 23.18% in February 2025, a significant decline influenced by the recent rebasing of the Consumer Price Index. Food inflation dropped to 23.51%, and both urban …

Nigeria’s Inflation Rate Declines to 23.18% as Economic Adjustments Impact CPI Read More
economics

Nigeria’s Inflation Rate Declines in February 2025 Amid Food Security Challenges

March 18, 2025March 18, 2025 - by Liam Nguyen - Leave a Comment

In February 2025, Nigeria’s inflation rate dropped to 23.18% from 24.48% in January. The food inflation rate also decreased to 23.51%, significantly lower than the previous year’s rate. Despite government …

Nigeria’s Inflation Rate Declines in February 2025 Amid Food Security Challenges Read More

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