Tag: NBS

How Airfares Rose By 96.87% In One Year – NBS
Finance, News, Nigeria, Transportation

How Airfares Rose By 96.87% In One Year – NBS

The National Bureau of Statistics, NBS, has said that the price of air transportation rose by 96.87 per cent in one year. In its report titled ‘transport fare watch’ (September 2022), the Bureau stated that the average ticket for specified routes single journey rose by 96.87% from N36,922.97 in September 2021 on a year-on-year basis.   NBS said that on a month-on-month basis, it rose by 11.76% from N65,041.89 in August 2022 to N72,690.54 in September 2022. The statistics body also revealed that the average fare paid by commuters for bus journeys within the city per drop rose by 2.19% monthly to N615.69 in September 2022 compared to N602.48 in September August 2022.   See Also: DisCos Generates N398.16bn in Six months – NBS Reveals Also, the average Okada transportation ...
DisCos Generates N398.16bn in Six months – NBS Reveals
Economy, Infrastructure, Nigeria

DisCos Generates N398.16bn in Six months – NBS Reveals

According to the National Bureau of Statistics (NBS), electricity Distribution Companies (DisCos) have generated N398.16 billion in both the first and second quarters of the year. See Also: Naira Devalues to N700/$1 as Dollar Demand Rises Comparing results from the previous year, NBS noted that revenue collection declined by 7.97% quarterly and 11.42% yearly. A document by NBS reads "Electricity Report Q1-Q2 2022.” “Revenue generation by the DISCOs stood at 204.74 billion in Q1 2022 and 188.41 billion in Q2 2022. This shows a fall on a quarter-on-quarter basis by 7.97 per cent." “On a year-on-year basis, revenue collected rose by 11.42 per cent and 1.71 per cent from 183.74 billion Q1 2021 and 185.24 billion in Q2 2022.” It revealed that in the first quarter of 2022, es...