Just another News Updates
A survey by the National Bureau of Statistics (NBS) has revealed that Nigerians paid ₦721 billion in cash bribes to public officials in 2023. The survey report, titled “Corruption in Nigeria: Patterns and Trends” and released yesterday, indicated that over 95% of all bribes paid by Nigerians in 2023 were in monetary form. The report […]
Recent data released by the National Bureau of Statistics (NBS) as gathered by The Spectacles has revealed a concerning trend in foreign investment across several states in Nigeria. Between 2019 and 2023, eight states failed to attract any foreign capital, raising questions about their economic competitiveness and investment climate. The eight states included Bayelsa, Ebonyi, […]
According to the National Bureau of Statistics (NBS) 2023 report, poverty rates in Nigeria vary significantly by region. The poverty rate in the South East is 49.5%, while the South West is 50.1%, both below the national average of 73.9%. The South South has a poverty rate of 75.8%, while the North East has a […]
The National Bureau of Statistics (NBS) has announced that Nigeria achieved a trade surplus of N2.22 trillion during the first half of 2023, as revealed in its recent foreign trade report for Q2 2023. For the first six months of the year, Nigeria’s exports amounted to N13.5 trillion, while total imports reached N11.3 trillion, resulting […]
The cost of air travel for Nigerians continues to surge, with average ticket prices witnessing a significant 34.06% increase over the past year. According to the latest report from the National Bureau of Statistics, airfare rose from N55,906.86 in May 2022 to N74,948.78 in May 2023. Meanwhile, commuter bus fares also experienced an 11.66% uptick […]
Lagos, Kano, and Kaduna lead NIN registrations in Nigeria between 2019 and 2021, according to the NBS report.Kano takes the lead in NIN registrations in 2021, with Lagos and Kaduna following closely behind. The North-west region had the highest overall registrations, while the South-east recorded the least registrations during the period. A new report by […]
The World Bank says Nigeria’s constant fiscal deficit has worsened the nation’s public debt stock, with 96.3 per cent of government revenue spent on servicing debt in 2022. This was according to the Macro Poverty Outlook for Nigeria: April 2023 brief released by the bank. The report read in part, “The fiscal position deteriorated. In […]
Nigeria’s consumer price index (CPI), which measures inflation rose to 22.04 percent in March 2023, up from 21.91 percent in February This is according to the latest CPI report released on Saturday by the National Bureau of Statistics (NBS). The March increase comes across as the third consecutive surge in the country’s inflation figure since […]
Foreign investors ignored 27 states as the value of capital importation into Nigeria fell by 20.5 percent to $5.33 billion in 2022 from $6.70 billion in 2021. The National Bureau of Statistics (NBS) disclosed this in its latest Nigerian Capital Importation report for the four quarters of 2022. The publication looks into the value of […]
A recent report released by the National Bureau of Statistics (NBS) highlights the alarming state of poverty in Nigeria. This report reveals that a staggering 133 million Nigerians, equivalent to 64% of the population, live in poverty, surpassing the World Bank’s projections for 2022. Despite monthly federal allocations, poverty is particularly concentrated in the northern […]