National Bureau of Statistics

China’s major chip manufacturers reported a 2,579.5% profit surge in the first half of 2026 due to soaring demand for AI and computing power, according to the National Bureau of Statistics. The NBS linked the growth to AI integration across industries driving massive computing needs.

China's State Council introduced new guidelines to provide basic services based on actual residence rather than hukou registration, aiming to address issues caused by the hukou system that separates migrant workers from their families. Journalist Peng Yuanwen argues the central government should fund reforms to improve education for migrant and left-behind children, criticizing past policies like the one-child policy and highlighting demographic challenges.

Nigeria’s headline inflation decreased to 15.91% in June, but food prices continued to rise, maintaining pressure on household spending. The National Bureau of Statistics (NBS) reported the decline in overall inflation while noting persistent increases in food costs.

New home prices in four Chinese first-tier cities rose by an average of 0.1 per cent last month, continuing a four-month rebound as housing stabilisation measures take effect. Shanghai, Shenzhen, and Guangzhou saw price increases of 0.3 per cent, 0.3 per cent, and 0.2 per cent respectively, while Beijing experienced a 0.3 per cent decline.

New home prices in four Chinese first-tier cities rose by an average of 0.1% last month, extending a four-month rebound. Prices increased in Shanghai, Shenzhen, and Guangzhou but decreased in Beijing, according to data from the National Bureau of Statistics.

In May, Nigerians paid an average of N1,431 for city bus trips, with transport fares continuing to rise across Nigeria. Motorcycle transport recorded the sharpest annual increase among major transport categories.

Asian shares rose following Wall Street gains, with rebounds in South Korean, Japanese, and Taiwanese markets after earlier tech sell-offs. The Japanese yen hit a 39-year low against the dollar, sparking speculation about potential intervention by Japanese authorities.

Nigeria’s petrol price increased to ₦1,596 per litre in May, according to the National Bureau of Statistics (NBS). Consumers in Edo, Bauchi, and Benue states paid the highest average prices during this period.

Nigeria's inflation rate increased to 15.9% in May, up from 15.7% in April, but the rise was less than expected. The National Bureau of Statistics reported this data, noting that falling global energy prices could lead to interest-rate cuts later this year.

New home prices in China’s first-tier cities rose 0.2% in May, marking a third consecutive monthly increase after nine months of declines. Shanghai and Guangzhou saw 0.2% gains, Shenzhen rose 0.4%, while Beijing fell 0.2%, according to data from the National Bureau of Statistics. Analysts attribute the rebound to stabilization measures boosting market confidence.

Nigeria's inflation rate rose to 15.93% driven by consecutive three-month increases in consumer prices, primarily due to higher food costs across several states. The data was reported by the National Bureau of Statistics (NBS).

Nigeria’s merchandise trade reached N34.8 trillion in Q1 2026, with exports exceeding imports, resulting in a N7.5 trillion trade surplus driven by robust crude oil sales.

In Q1 2026, the oil and gas sector in Nigeria attracted the smallest share of capital inflows, according to the National Bureau of Statistics (NBS). The inflow was higher than the $120,000 recorded in Q1 2025 but remained among the lowest sectors tracked.

Secondary home prices in China's major cities rose in April, with Shanghai leading at 0.7% monthly growth, followed by Beijing at 0.4% and Shenzhen at 0.3%. The price increases suggest the struggling Chinese property sector may be stabilizing and bottoming out, according to analyst assessments.