Naira records highest depreciation against US dollar
The Nigerian Naira continued its downward slide on Wednesday, marking its sharpest depreciation of the week against the United States dollar. According to official figures from the Central Bank of Nigeria (CBN), the Naira fell to ₦1,473.29 per dollar, compared to ₦1,463.23 on Tuesday — a daily loss of ₦10.06. This decline represents the largest […]
Nigeria now has second-highest number of poor people globally – Former statistician-general of the National Bureau of Statistics Yemi Kale
Former Statistician-General of the National Bureau of Statistics (NBS), Yemi Kale, has expressed concern over Nigeria’s worsening poverty rate. He revealed that the country now ranks as the second-highest in the world with the largest number of poor people. Kale said this reflects the urgent need for stronger policies that address unemployment, inflation, and slow […]
Nigeria’s inflation drops massively to 24.48% after CPI rebase
Nigeria’s inflation rate has dropped significantly to 24.48% in January 2024, down from 34.80% in December 2024. This sharp decline follows the rebased Consumer Price Index (CPI) introduced by the National Bureau of Statistics (NBS). The rebased CPI now uses 2024 as the base year and 2023 as the weight reference period, leading to a […]
NBS Allocates N35m For Cybersecurity Amid Post-Hack Recovery
The National Bureau of Statistics (NBS) has proposed ₦35 million in its 2025 budget to enhance cybersecurity. This step follows a cyberattack on its website on December 18, 2024. The attack happened shortly after the bureau released a report on crime and security in Nigeria. In the report, the NBS disclosed that Nigerians paid ₦2.23 […]
Nigeria Beat Benin 2 – 0 To Qualify For Final Of WAFU Zone B Girls Cup
Former Vice President Atiku Abubakar has criticized the administration of President Bola Tinubu over the alleged hack of the National Bureau of Statistics (NBS) website. Atiku stated that this latest incident adds to the list of troubling developments under Tinubu’s leadership. The NBS recently released a report revealing concerning security statistics, including the murder of […]
Atiku Tackles FG Over ‘Hack’ Of NBS Website
Former Vice President Atiku Abubakar has criticized the administration of President Bola Tinubu over the alleged hack of the National Bureau of Statistics (NBS) website. Atiku stated that this latest incident adds to the list of troubling developments under Tinubu’s leadership. The NBS recently released a report revealing concerning security statistics, including the murder of […]
58% of Nigerian Households Connected to the National Grid, Says NBS
A recent report from the National Bureau of Statistics (NBS) reveals that 58% of households in Nigeria are connected to the national power grid. This information comes from the “Nigeria Residential Energy Demand Side Survey (NREDSS) 2024,” which was unveiled in Abuja. The survey involved 8,100 households from both urban and rural areas in nine […]