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NBS: Nigeria’s Inflation Rate Rises To 34.6%

NBS: Nigeria’s Inflation Rate Rises To 34.6%

The National Bureau of Statistics (NBS) has said Nigeria’s inflation rate rose to 34.6 per cent in November from 33.8 per cent in October. The NBS report was contained in its Consumer Price Index (CPI) report…

NBS: Inflation Rate Drops To 32.15% In August 2024

NBS: Inflation Rate Drops To 32.15% In August 2024

Nigeria’s inflation rate saw a slight reduction in August 2024, marking a rare easing amidst the ongoing economic challenges. The National Bureau of Statistics (NBS) disclosed this on its latest report which showed that the…

Minimum Wage: TUC Threatens Strike Over FG Nonchallant Attitude

Minimum Wage: TUC Threatens Strike Over FG Nonchallant Attitude

The national leadership of the Trade Union Congress (TUC) on Wednesday, threatened to embark on a strike following what it described as the Federal Government’s nonchalant attitude about a new minimum wage if the issue…

China’s Population Drops For Second Consecutive Year

China’s Population Drops For Second Consecutive Year

China’s population fell for a second consecutive year in 2023, as a record low birth rate and a wave of COVID-19 deaths, when strict lockdowns ended, accelerated a downturn that will have profound long-term effects…

Nigeria’s Inflation Hits 28.92% In December

Nigeria’s Inflation Hits 28.92% In December

Nigeria’s annual inflation rate rose to 28.92 per cent in December 2023 from 28.20 per cent in November, the National Bureau of Statistics (NBS) said Monday. The statistics office said the December 2023 headline inflation…

Nigeria’s Unemployment Rise To 4.2% In Q2 2023

Nigeria’s Unemployment Rise To 4.2% In Q2 2023

The Nigeria Labour Force Survey for Q2 2023 report released on Thursday by the National Bureau of Statistics (NBS) revealed that the country’s unemployment rate rose to 4.2% in Q2 2023 from 4.1% in Q1…

NBS: Oil Exports Rises By 82.50% In Q3

NBS: Oil Exports Rises By 82.50% In Q3

The National Bureau of Statistics (NBS) in its recent report disclosed that crude oil exports contributed up to 82.50% of Nigeria’s foreign trade in the third quarter of 2023. According to the Foreign Trade Statistics…

NBS: Commuters paid higher transport fare in February

NBS: Commuters paid higher transport fare in February

An average fare paid by commuters for bus journey within the city increased by 2.60 per cent monthon- month and by 78.08 per cent year-on-year to N361.31 in February 2021 from N352.15 in January 2021,…

MAN: NBS’ report to reflect recession in Q2 ’20

MAN: NBS’ report to reflect recession in Q2 ’20

Downturn blamed on four-month lockdown Following the four-month coronavirus outbreak-induced lockdown, the Manufacturers Association of Nigeria (MAN) has disclosed that the country’s economy will show some contraction in the second quarter of this year when…