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PRESS STATEMENT: ECONOMY OUT OF RECESSION (NBS)

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The National Bureau of Statistics (NBS) in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is conducting a National Survey on Micro, Small and Medium Enterprises NSMSMEs covering the year 2017.

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ESRI recognizes NBS amongst other international organisations with Special Achievement in GIS Award 2018

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Remarks by the Statistician General of the Federation, Dr Yemi Kale at the Signing Ceremony of a MoU between the National Bureau of Statistics and the National Social Safety Net Coordinating Office for the Conduct of the National Living Standard Survey.

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Good news, Fake news and Statistics: Speech by Dr Yemi Kale, Statistician General of the Federation/CEO, NBS at the DUBAWA Launch, Yar Adua Center Abuja.

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Key Statistics
Latest Reports
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CPI and Inflation Report September 2018
(CPI and Inflation Reports)

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Liquefied Petroleum Gas (Cooking Gas) Price Watch (September 2018)
(Petroleum )

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National Household Kerosene Price Watch (September 2018)
(Power Sector)

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Automotive Gas Oil (Diesel) Price Watch (September 2018)
(Petroleum )

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Premium Motor Spirit (Petrol) Price Watch (September 2018)
(Petroleum )

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Computation of Human Development Indices for the UNDP Nigeria Human Development Report (2016)
(Social Statistics)

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Rail Transportation Data (Q2 2018)
(Transport)

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Commodity Price Indices and Terms of Trade (Q2 2018)
(Terms of Trade Report)

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Federation Account Allocation Committee (FAAC) (AUGUST 2018 Disbursement)
(Federal Account Allocation Committee)

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Nigerian Domestic and Foreign Debt (Q2 2018)
(Financial)

Do you know?

In the second quarter of 2018, the nominal year on year growth rate of Trade stood at –0.01%. This indicates
a drop by –4.82% points when compared to the second quarter of 2017 but 2.11% points higher than the
previous quarter.

GDP

In nominal terms, Other Services grew by 4.96% (year-on-year) in Q2 2018. This growth rate is less than the
9.02% growth rate recorded in the same quarter of the previous year and higher than the growth rate of 2.71
% in Q1 2018 by –4.06 % points and 2.25% points respectively.

GDP

Nominal GDP growth of the Manufacturing sector in the second quarter of 2018 was recorded as 19.52% (year-on-year), 3.55% points higher than figures recorded in the corresponding period of 2017 (15.97%) and 10.59% points higher than the preceding quarter figure of 8.93%. Quarter on Quarter growth of the sector is recorded at 10.45%.

GDP

In nominal terms, the Public Administration sector grew by –3.14% in Q2 2018, lower by –11.42% points from the corresponding quarter of 2017 and lower by –1.87% points relative to Q1 2018. Quarter-on-Quarter, the sector grew by 8.05%.

GDP

Nominal growth in the Education sector in the second quarter of 2018 was 4.52% (year-on-year), down by –3.98% points from the growth of 8.49% reported in the corresponding quarter of 2017, but up by 2.91% points when compared to Q1 2018 growth rate of 1.61%.

GDP

Crop Production, Livestock, Forestry and Fishing. sector grew by 10.64% year-on-year in nominal terms, showing a decline by –1.89% points from the same quarter of 2017.

GDP

The non-oil sector grew by 2.05% in real terms during the reference quarter. This represents 1.60% points increase compared to the rate recorded for the same quarter in 2017, and 1.29% points over the first quarter of 2018.

GDP

In the second quarter of 2018, average daily oil production was recorded at 1.84million barrels per day (mbpd), lower than the daily average production of 1.87mbpd recorded in the same quarter of 2017 by - 0.03mbpd and also lower than the production volume of 2.0mbpd seen in the first quarter of 2018 .

GDP

The total value of capital importation into Nigeria stood at $ 5,513.55 million in the second quarter of 2018. This was a decrease of 12.53% compared to Q1 2018, but a 207.62% increase compared to the second quarter of 2017. 

Capital Importation
FISCAL STATISTICS JAN - JULY 2017 Download
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