Business Headlines

20% of Nigeria’s full-time workers lost jobs in 2020 – NBS

Ihesiulo Grace 22 September 2021 0

The National Bureau of Statistics (NBS) says that 20 percent of the full-time workforce in Nigeria lost their jobs due to the COVID-19 pandemic in 2020. The NBS disclosed this in a study jointly conducted with the United Nations Development Programme (UNDP) and released on Tuesday. The report,

Business

Nigeria’s GDP grows by 5.01% in Q2 2021 – NBS

Ihesiulo Grace 27 August 2021 0

Philip Clement, Abuja The National Bureau of Statistics (NBS) has disclosed that Nigeria’s Gross Domestic Product grew by 5.01 per cent, year-on-year, in the second quarter of 2021. The body disclosed this in its GDP Report for Q2 released on Thursday. According to the report, the 5.01 per cent marks three consecutive quarters of growth […]

Business Headlines

Nigeria spends N73.7bn importing arms, ammunition in three months

Ihesiulo Grace 7 June 2021 0

Nigeria’s government is spending more on importing arms and ammunition.This is according to data from the National Bureau of Statistics (NBS) 2021 first-quarter foreign trade report, published at the weekend. The reported noted that between January and March of this year, N73.7 billion ammunition was imported, representing a 27.3 per cent increase over the total […]

Business

Nigeria’s inflation rate 13.7%, highest in 30 months

Ihesiulo Grace 15 October 2020 0

Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics disclosed this in its Consumer Price Index report for September on Thursday. Part of the report read, “The consumer price index which measures inflation increased by 13.71 per […]

News

COVID-19: Nigeria’s economy better than US, others in 2nd quarters-FG

Ihesiulo Grace 27 August 2020 0

The Special Adviser to the President on Media and Publicity, Femi Adesina has said that despite the COVID-19 pandemic, Nigeria’s economy performed better than that of the United States, United Kingdom, France, Germany and others in the second quarter of 2020. Adesina said this on Wednesday, August 26 while reacting to the National Bureau of […]

Featured Headlines News

COVID-19: 42% of 1,950 households suffered job losses – NBS

Ihesiulo Grace 8 June 2020 0

…It’s time to channel energy towards economic recovery – Uwaleke Due to the harsh effects of COVID-19 pandemic on virtually all sectors of the economy, about 42 per cent of Nigerians have suffered one form of job loss or the other, the National Bureau of Statistics has revealed. NBS made the revelation in a survey […]

Business

How COVID-19, border closure pushed Nigeria inflation to two-year high

Ihesiulo Grace 22 May 2020 0

.As expert calls for stimulus package for farmers to increase local production .Says rising inflation rate poses challenge to monetary policy In view of the border closure and increased demand for food on the back of COVID-19 lockdowns, Nigeria’s inflation rose in April to its highest in two years, latest data released by the National […]

Business Featured Headlines

Nigeria’s trade export increases by 374% in Q3 2019 – NBS

Ihesiulo Grace 16 December 2019 0

Nigeria’s trade has recorded a significant increase in the third quarter of 2019, the latest National Bureau of Statistics (NBS) data has revealed. The volume of non-oil exports in the country increased by 374 per cent in the third quarter of the year, data released by the National Bureau of Statistics (NBS) has revealed. The […]

MONDAY X-RAY

Institutionalising Good Corporate Governance

Ihesiulo Grace 9 December 2019 0

Never before has the issue of good governance within the polity and indeed, corporate governance in the private sector become imperative and compelling. Over the weekend, the media published a damning report released by the National Bureau of Statistics on the Second Corruption Survey Report in Nigeria. The report indicted many agencies of the Federal […]

Featured Headlines News

$30bn loan: Power, transport, Works ministries to takes lion share

Ihesiulo Grace 9 December 2019 0

The ministries of Power, Works and Housing and Water Resources will take the largest share if eventually Nigeria secures the $30bn loan it intends to get from different multilateral organisations. According to a statement by Ajuri Ngelale, President Muhammadu Buhari’s special assistant on Public Affairs, shows that the planned projects spreads across different

News

Imo emerges the least corrupt state in Nigeria – Survey

Ihesiulo Grace 8 December 2019 0

Imo State has emerged as the State with the least corrupt public officials in Nigeria, according to the latest report released by the National Bureau of Statistics. The report titled, ‘The 2nd Corruption Survey Report in Nigeria’, was released at the State House Conference Center in Abuja, on Friday. The National Bureau of Statistics conducted […]

Business News

Prices of eggs, rice, tomato, yam slump in July -NBS

Ihesiulo Grace 23 August 2019 0

Philip S. Clement – Abuja The prices of eggs, tomato, rice and yam have slumped in July, the National Bureau of Statistics has said. In a selected food price watch data for July 2019 released on its website, the Bureau stated that “Average price of 1 dozen of Agric eggs medium size decreased year-on-year by […]

Business Headlines

States, FCT IGR hit N579.490bn in 6 months

Ihesiulo Grace 28 November 2018 0

…Grow revenue by 27.7% in H1 2018 …As Lagos, Rivers, Ogun, FCT top IGR table …Get N1.23trn allocation from FAAC in first 6 months The 36 States of the federation and FCT have recorded an Internally Generated Revenue (IGR) of N579.490 billion in the first half of 2018, as against N453.833 billion posted in the […]

Money

Nigeria’s February inflation rate may slow to 14.31% -FSDH

Ihesiulo Grace 5 March 2018 0

Analysts at FSDH Research have predicted 14.31 per cent in inflation rate in February 2018 from 15.13 per cent announced earlier this year by the National Bureau of Statistics (NBS). They explained that the expected decrease in the inflation rate is largely attributable to the base effect of previous year. “In addition, we note the […]

Business Headlines News

Nigeria’s economy grew by 0.83 per cent in 2017- NBS

Ihesiulo Grace 28 February 2018 0

Full year report by the National Bureau of Statistics (NBS) has showed that the Nigeria’s Gross Domestic Product (GDP) grew by 1.92 while the economy grew by 0.82 per cent in 2017. The 0.82 per cent growth in GDP is an improvement over the contraction of -1.58 per cent which the economy recorded in 2016 […]

Money

FDC predicts January inflation rate at 14.90%

Ihesiulo Grace 12 February 2018 0

Analysts at Financial Derivates Company Limited (FDC) have predicted that inflation rate will plunge to 14.90 per cent in January 2018. According to FDC report, “We forecast that year-on-year headline inflation will plunge to 14.9per cent in January 2018. This is a 0.47per cent decline from 15.37 per cent in December 2017. “If our estimates […]

Money

Naira loses at parallel market as capital inflows hit $4.2bn in Q3

Ihesiulo Grace 28 November 2017 0

The Naira, on the second trading day of the week suffered a significant setback at the parallel market segment of the foreign exchange market, with closing rates of Pound sterling and the Euro at 480 against 475 traded on Monday and 430 to the Euro, compared to 425 exchanged the same period. This is just […]

Business

VAT: Revenue increases 1.73 % in q3, higher than 2016 — NBS

Ihesiulo Grace 24 November 2017 0

… Says N246.30bn VAT raked between April, June 2017 The National Bureau of Statistics (NBS) said revenue generated from Value Added Tax (VAT), increased by 1.73 per cent in the third quarter of 2017. Currently, the Federal Government, through its agency, Federal Inland Revenue Service, FIRS, collects 5% on any chargeable item. The NBS announced […]

Headlines

Nigeria’s consumer inflation drops 15.91% in October- Bureau of Statistics

Ihesiulo Grace 15 November 2017 0

The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.91 percent in October from 15.98 recorded in September. The NBS disclosed this in its “CPI Oct. 2017 Report’’ released on Wednesday in Abuja. The CPI, which measured inflation, increased by 15.91 percent (year on […]

Agriculture Business

‘Despite exiting recession, food prices remain high’

Ihesiulo Grace 19 October 2017 0

Few months after the National Bureau of Statistics (NBS) announced to the delight of Nigerians, prices of food items have continued to hit the rooftops. Consequently, Nigeria’s annual inflation rate marginally slowed for an eighth- month record in September, easing to 15.98 per cent, the National Bureau of Statistics (NBS) said on Tuesday, in its […]