National Bureau of Statistics

China’s Growth Falters As New US Trade Rift Deepens

October 21, 2025 5:23 am

China’s economic engine cooled more sharply than expected in the third quarter, as a rekindled trade rift with the United States clouded one of the few bright spots in the global economy.

According to data released on Monday, the world’s second-largest economy expanded by 4.8% in the three months ending September, compared with the same period in 2024 — its slowest pace in a year. The decline comes just as Beijing tightened controls on exports of rare earth minerals, materials vital to global electronics manufacturing, drawing a swift and pointed response from Washington.

President Donald Trump threatened a 100% tariff …

Nigeria Must End The Payment Of Crazy Pensions To Ex-Govs

May 22, 2023 3:27 am

In a manner reminiscent of a bazaar, virtually all the Governors in Nigeria who are set to leave office are currently ransacking their state coffers to empty them. Beyond the ongoing looting, they have conclusively put up systems that will ensure that they live off their poor states for the rest of their lives. It is sad and regrettably painful that Nigerian Governors through their state houses of assembly are hell-bent on impoverishing their states through the payment of mindboggling, obnoxious, and outrageous sums of money to themselves for life!

What is perplexing and deeply confusing is how these Governors …

Retail Price For Petrol Jumps To ₦172.61 In April – NBS

May 18, 2022 1:32 pm

Reports by the National Bureau of Statistics (NBS) have forcasted that the average retail price which is being remitted by consumers for Premium Motor Spirit (Petrol) has jumped to N172.61 as of April 2022.

This information was contained in the NBS Premium Motor Spirit (Petrol) Price Watch for April 2022 and made available in Abuja on Tuesday.

Read Also: How Nigeria’s GDP Grew By 3.98% In 2021 Q4 – NBS

It said that the increase indicates a 3.74 percent increase when compared to the value recorded in April 2021 at ₦166.38.

“Likewise, on a month-on-month basis, the average retail price

…

COVID-19 Pandemic Spikes Nigeria’s Unemployment Rate

August 14, 2020 7:54 am

The COVID-19 pandemic worsened Nigeria’s unemployment situation, according to new figures by the National Bureau of Statistics.

According to NBS, the unemployment rate during second quarter, when Nigeria was in shutdown, rose from 23.1 percent in 2018 to 27.1% this year.

The underemployment rate increased from 20.1% in Q3, 2018 to 28.6%.

Read Also: FG Unveils Fresh Plans To Wipe Out Unemployment

For the period under review, Q2, 2020, the unemployment rate among young people (15-34years) was 34.9%, up from 29.7%, while the rate of underemployment for the same age group rose to 28.2% from 25.7% in Q3, 2018.…

Over 82 Million Nigerians Are Poor – NBS Reports

May 4, 2020 1:14 pm

The National Bureau of Statistics (NBS) has said that more than 82.9 million Nigerians are poor by national standards.

NBS made this known in its report on Poverty and Inequality in Nigeria 2019, released on Monday.

It explained that the figure showed that 40.1 percent of total population were classified as poor, adding that in other words, an average four out of 10 individuals in Nigeria had real per capita expenditures below ₦137,430.00 per year.

This means monthly income of an individual in this category is less than ₦11,500 while income per day is ₦38.00