Business

Inflation rises to 12.13% in January – NBS

Ihesiulo Grace 18 February 2020 0

The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI) which measures inflation increased by 12.13 per cent year-on-year in January 2020. The NBS made this known in its report on Inflation released on Tuesday. NERC orders DisCos to hike tariff by 50% It stated that this

Business Featured

Inflation rises to 11.98% in December–NBS

Ihesiulo Grace 17 January 2020 0

The National Bureau of Statistics (NBS) says Consumer Price Index, (CPI) which measures inflation, increased by 11.98 per cent year-on-year in December 2019. The NBS made this known in its CPI and Inflation Report of December 2019 released on Friday. Just In: VAT implementation takes effect Feb. 1– Finance minister NBS said the CPI report […]

Business

N275bn generated from VAT in third quarter of 2019–NBS

Ihesiulo Grace 2 December 2019 0

The National Bureau of Statistics (NBS) said the sum of N275.12 billion was generated as Value Added Tax (VAT) in the third quarter of 2019. The NBS made this known in its Sector Distribution of VAT for 2019 third quarter report in Abuja on Monday. It explained that what was realised in the third quarter was […]

Analysis Business Economy

Nigeria’s inflation slows further to 11.02% in August- NBS

Ihesiulo Grace 18 September 2019 0

Motolani Oseni The National Bureau of Statistics (NBS) said the nation’s inflation rate slowed to 11.02 per cent (year-on-year) in August 2019, a 0.06 per cent points lower than 11.08 per cent it recorded in July 2019. The latest NBS data, also, revealed that the inflation rate for August represents the lowest this year. The […]

Business Tech

Sustained focus on non-oil sector growing ICT sector -Pantami

Ihesiulo Grace 11 September 2019 0

Ladesope Ladelokun Minister of Communications, Dr Isa Pantami has hailed the manner of implementation of Economic Recovery and Growth Plan (ERGP) by the Buhari government, saying it has led to a sustained focus on growing the non-oil sector of the economy, especially the Information and Communications Technology(ICT) sector. The minister in a statement expressed the […]

Analysis Business News

Bail-out Fund: FG deducts N122bn from 35 states’ FAAC share in 7-months -NBS

Ihesiulo Grace 4 September 2019 0

Motolani Oseni The Federal Government (FG) deducted an accumulated sum of N122.4 billion from the monthly allocation due to thirty-five (35) states in Nigeria between January and July 2019, the monthly Federal Account Allocation Committee’s (FAAC) report released (year-to-date) by the National Bureau of Statistics (NBS) has shown. While providing details on the item, the

Analysis News

450,000 Nigerians have benefitted from vocational training programmes in 3 years – ITF

Ihesiulo Grace 27 August 2019 0

The Industrial Training Fund (ITF), has said that about 450,000 Nigerians have been trained under various vocational training programmes in the last three years. At a presentation of the Fund’s 2019 skills intervention programme in Abuja, the Director-General, Joseph Ari, insisted that skills acquisition remains the most viable and sustainable solution to the rising

Banking Business

We gave out N70bn credit to MSMEs in 2 years – DBN Chairman

Ihesiulo Grace 30 July 2019 0

Motolani Oseni The Development Bank of Nigeria (DBN) Monday disclosed that it has given out N70 billion as loans to over 50,000 Micro, Small and Medium Enterprises (MSMEs) within two years. The Chairman of the bank, Dr. Shehu Yahaya said this at the maiden series of the bank with the theme: Surviving To Thriving: “MSMEs […]

Business Capital Market

Inflation rate slows to 11.22% in June

Ihesiulo Grace 16 July 2019 0

Motolani Oseni The Consumer Price Index (CPI), which measures inflation, has slowed down to 11.22 per cent year on year from 11.40 per cent stood in May 2019, data released by the National Bureau of Statistics (NBS) on Monday showed. The latest data showed that the headline index fell to 1.07 per cent on a […]

Business Capital Market

Nigeria’s capital importation grew by 216% to $8.4bn in Q1 2019 – NBS

Ihesiulo Grace 3 July 2019 0

Motolani Oseni The total value of capital importation into Nigeria in the first quarter of 2019 was estimated at $8.48 billion, representing an increase of 216.03per cent compared to Q4 2018 and 34.61 per cent increase compared to the first quarter of 2018, the latest data by the National Bureau of Statistics (NBS) has revealed. […]

Education News News In Brief

Focus on education, youth employment, group task Bauchi gov

Ihesiulo Grace 14 June 2019

Samuel Luka – Bauchi Governor Bala Mohammed of Bauchi state has been advised to give priority to youth employment and education for the socio-economic development of the state. A group known as Forum of Executive Directors of Civil Society Organizations which gave the advice at a press conference lamented that 80 per cent of youth […]

Business

Analysts commend CBN policies to contain Nigeria’s inflation

Ihesiulo Grace 19 March 2019

Motolani Oseni Analysts at Financial Derivates Company Limited (FDC) has said that continuous slowdown in Nigeria’s inflation means that some of the Central Bank of Nigeria (CBN) policies to contain inflation can be considered to be successful. The National Bureau of Statistics (NBS) for the third time since December 2018 has reported a drop in […]

Business Headlines News

Manufacturing sector still deep in recession, says NECA

Ihesiulo Grace 18 September 2017 0

Although reports by the National Bureau of Statistics (NBS) that Nigeria, which had been reeling under the heavy weight of recession since late 2015, may have exited the challenge, experts have however warned that there are still long, dark tunnel to be traversed, owing to some macro-economic issues still threatening the economy from growing. This […]

Headlines News

NBS rating of judges as second highest bribe receivers unfounded – NJC

Ihesiulo Grace 21 August 2017 0

The National Judicial Council (NJC) has said that rating of judges by the Report of the United Nations Office on Drugs and Crimes and the National Bureau of Statistics (NBS) as the second highest receiver of bribes in the country is untrue, baseless and unfounded. It said the report and the allegation should be disregarded […]