BUSINESS

Cost of Living Increases at Slower Pace as Inflation Drops 20.12%

Daily Dispatch September 15, 2025

The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s inflation rate, which fell to 20.12% in August 2025, marking a 1.76 percentage point drop from the 21.88% recorded in July. According to a report released on Monday, food inflation also declined significantly, dropping

BUSINESS

31 States Cannot Attract Foreign Capital Inflow, But Spend Funds Recklessly – NBS Report

Daily Dispatch August 9, 2025

The National Bureau of Statistics (NBS), in its Capital Importation report for Q1, 2025 has revealed that 31 states of Nigeria failed to attract any form of foreign capital Inflow during the period under review.This was despite collectively spending billions of naira in public funds on local and foreign trips purportedly aimed at driving investment.The […]

BUSINESS

Nigeria records N710bn VAT in Q1 2023 –NBS

Daily Dispatch June 14, 2023

The National Bureau of Statistics, NBS, has said the aggregate Value Added Tax, VAT, stood at N709.59 billion in Q1 2023. This is according to the VAT Q1 2023 Report released in Abuja on Tuesday. The report shows a growth rate of 1.75 per cent on a quarter-on-quarter basis from N697.38 billion in Q4 2022. […]

Uncategorized

Telecom sector contributes N2.508 trillion to Nigeria’s GDP -NBS

Daily Dispatch June 9, 2023

The telecommunications and information services sector in Nigeria has, in the first quarter of 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product, GDP, representing 14.13 per cent. Figures released by the National Bureau of Statistics, NBS, showed that the sector recorded a 4.3 per cent