NBS
Latest news and analysis about NBS from FoodPrices.ng.
Food Prices Fall 1.55% in September: NBS
Average food prices in Nigeria fell between August and September, official data shows, as headline inflation eased to 14.63%. Lagos still recorded the highest annual …
Food Prices Fall 1.55% as Inflation Eases
Average food prices in Nigeria fell 1.55% between August and September 2026, pulling headline inflation down to 14.63%, the National Bureau of Statistics said. Lagos …
Food Import Bill Hits ₦3.3tn
Nigeria spent ₦3.30 trillion importing food and beverages in the first half of 2026, NBS data shows. The bill jumped from ₦1.39 trillion in the …
Fish Import Bill Falls 14.8%
Nigeria spent ₦167.91 billion on fish imports in the second quarter of 2026, down 14.8% from ₦197.17 billion a year earlier, NBS data shows. Herring …
Food Inflation More Than Doubled in 2026
Nigeria's food inflation stood at 8.89% in January, its lowest since August 2011. By June it had reached 17.52%, and by July 20.31%, more than …
Agric Trade Flips to ₦56bn Deficit
Nigeria's agricultural trade swung from a ₦740.27 billion surplus in the first half of 2025 to a ₦56.13 billion deficit in the first half of …
Food Inflation Falls to 19.57%
Nigeria's food inflation fell to 19.57% in August from 20.31% in July, its first decline in six months, the NBS said. FoodPrices Lagos data backs …
Nigeria's Farm Exports Tumble 36% in Q2
Nigeria's agricultural export earnings fell 36% year-on-year to ₦803 billion in the second quarter of 2026 as cocoa butter shipments collapsed and prices softened. Cashew …
Nigeria's Food Import Bill Tops ₦3.3 Trillion
Nigeria spent ₦3.30 trillion on food and beverage imports in the first half of 2026, new trade data show. The bill dipped slightly from a …
Nigeria's Food Prices Rose 907% in Naira Since 2015 but Fell in Dollars
World Food Programme data for 2015 to 2026 shows yam up 907% in naira but just 45% in dollars, and for eight of thirteen staples …