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    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    FG’s gas-powered vehicle scheme runs into major hitch nationwide

    FG’s gas-powered vehicle scheme runs into major hitch nationwide

    Nigeria’s money supply rises 4% to N119.1trn

    Nigeria’s money supply rises 4% to N119.1trn

    We are ending era of wasteful, opaque tax waivers, says Tinubu

    We are ending era of wasteful, opaque tax waivers, says Tinubu

    CBN policies may lower inflation to 22.1% – W’Bank

    CBN introduces financial instruments to deepen non-interest banking sector

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      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      FG’s gas-powered vehicle scheme runs into major hitch nationwide

      FG’s gas-powered vehicle scheme runs into major hitch nationwide

      Nigeria’s money supply rises 4% to N119.1trn

      Nigeria’s money supply rises 4% to N119.1trn

      We are ending era of wasteful, opaque tax waivers, says Tinubu

      We are ending era of wasteful, opaque tax waivers, says Tinubu

      CBN policies may lower inflation to 22.1% – W’Bank

      CBN introduces financial instruments to deepen non-interest banking sector

      Trending Tags

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        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        FG’s gas-powered vehicle scheme runs into major hitch nationwide

        FG’s gas-powered vehicle scheme runs into major hitch nationwide

        Nigeria’s money supply rises 4% to N119.1trn

        Nigeria’s money supply rises 4% to N119.1trn

        We are ending era of wasteful, opaque tax waivers, says Tinubu

        We are ending era of wasteful, opaque tax waivers, says Tinubu

        CBN policies may lower inflation to 22.1% – W’Bank

        CBN introduces financial instruments to deepen non-interest banking sector

        Trending Tags

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          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          FG’s gas-powered vehicle scheme runs into major hitch nationwide

          FG’s gas-powered vehicle scheme runs into major hitch nationwide

          Nigeria’s money supply rises 4% to N119.1trn

          Nigeria’s money supply rises 4% to N119.1trn

          We are ending era of wasteful, opaque tax waivers, says Tinubu

          We are ending era of wasteful, opaque tax waivers, says Tinubu

          CBN policies may lower inflation to 22.1% – W’Bank

          CBN introduces financial instruments to deepen non-interest banking sector

          Trending Tags

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            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            FG’s gas-powered vehicle scheme runs into major hitch nationwide

            FG’s gas-powered vehicle scheme runs into major hitch nationwide

            Nigeria’s money supply rises 4% to N119.1trn

            Nigeria’s money supply rises 4% to N119.1trn

            We are ending era of wasteful, opaque tax waivers, says Tinubu

            We are ending era of wasteful, opaque tax waivers, says Tinubu

            CBN policies may lower inflation to 22.1% – W’Bank

            CBN introduces financial instruments to deepen non-interest banking sector

            Trending Tags

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              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              FG’s gas-powered vehicle scheme runs into major hitch nationwide

              FG’s gas-powered vehicle scheme runs into major hitch nationwide

              Nigeria’s money supply rises 4% to N119.1trn

              Nigeria’s money supply rises 4% to N119.1trn

              We are ending era of wasteful, opaque tax waivers, says Tinubu

              We are ending era of wasteful, opaque tax waivers, says Tinubu

              CBN policies may lower inflation to 22.1% – W’Bank

              CBN introduces financial instruments to deepen non-interest banking sector

              Trending Tags

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                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                FG’s gas-powered vehicle scheme runs into major hitch nationwide

                FG’s gas-powered vehicle scheme runs into major hitch nationwide

                Nigeria’s money supply rises 4% to N119.1trn

                Nigeria’s money supply rises 4% to N119.1trn

                We are ending era of wasteful, opaque tax waivers, says Tinubu

                We are ending era of wasteful, opaque tax waivers, says Tinubu

                CBN policies may lower inflation to 22.1% – W’Bank

                CBN introduces financial instruments to deepen non-interest banking sector

                Trending Tags

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                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  FG’s gas-powered vehicle scheme runs into major hitch nationwide

                  FG’s gas-powered vehicle scheme runs into major hitch nationwide

                  Nigeria’s money supply rises 4% to N119.1trn

                  Nigeria’s money supply rises 4% to N119.1trn

                  We are ending era of wasteful, opaque tax waivers, says Tinubu

                  We are ending era of wasteful, opaque tax waivers, says Tinubu

                  CBN policies may lower inflation to 22.1% – W’Bank

                  CBN introduces financial instruments to deepen non-interest banking sector

                  Trending Tags

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                  Nigerian households spent N2tn on fuel, electricity in 2019 –NBS

                  Punch | May 11, 2020
                  Banking sector attracted $1.89bn investment in Q2 – NBS
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                  Households in Nigeria spent a total of N2.02tn on fuel and electricity in 2019, the National Bureau of Statistics has said.

                   

                  The NBS said in a new report on consumption expenditure pattern that household expenditure on fuel/light accounted for 11.57 per cent of the total non-food consumption expenditure in 2019.

                  Households spent N2.59tn on transport; N2.46tn on health; N2.43tn on education; N2.22tn on services including telecoms and N2.12tn on rent.

                  Clothing, household goods, entertainment and water gulped N1.82tn, N1.14tn, N428.22bn and N192.60bn respectively, the report showed.

                   

                  It said the total household expenditure on food and non-food for 2019 was N40.21tn, compared to N21.62tn in 2009/2010.

                  “Of this total, 56.65 per cent (60.2 percent in 2009/10) of total household expenditure in 2019 was spent on food with the balance of about 43.35 per cent (39.8 per cent in 2009/10) spent on non-food items,” the bureau said.

                  According to the NBS, foods consumed outside the home, followed by transportation costs and starchy roots, tubers and plantains were responsible for the largest proportion of household expenditure, representing a combined 24.16 per cent of total household expenditure in 2019.

                   

                  It said various foods consumed outside the home, starchy roots, tubers and plantains, rice, vegetables, fish and sea food, grains and flours were the top food items households spent on in 2019.

                  They accounted for a combined 59.19 per cent of food expenditure and 33.53 per cent of total household expenditure on food and 24.8 per cent of total household expenditure, according to the NBS.

                  It said expenditure on non-food items was mostly on transport, health, education and services (which includes information technology and communication equipment, insurance and financial services), rent and fuel and light, which accounted for 79.40 per cent of the non-food expenditure.

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