Tag: NBS
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Nigeria will exit recession by Q1 of 2021 – Finance Minister
Nigeria’s Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Monday, said the country will exit recession by the first quarter of 2021. Ahmed spoke about the current recession in the country at the ongoing 26th Nigerian Economic Summit organised by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, ... -
Nigeria slips into worst recession, the second under Buhari – NBS report
The National Bureau of Statistics, NBS, has reported a second recession in five years for the Nigerian economy, this time far worse than that of 2016. The figures by NBS revealed that the economy shrank again in the third quarter of this year. The Muhammadu Buhari government has faltered on the economic front since 2015 ... -
China is Nigeria’s highest import partner, total trade at N6.2bn in Q2 – NBS
The demand for goods and services from China is still on the high as the Asian country tops the list of import trading partners by 31.41% in the second quarter of 2020, the latest data from Nigeria’s National Statistical Agency shows. This is despite the sharp fall in the value of the country’s total trade ... -
NBS says Imo State records highest rate of unemployment in the country
Imo State has the highest rate of unemployment in the country, according to the National Bureau of Statistics (NBS). The NBS disclosed this in its ‘Labor Force Statistics: Unemployment and Underemployment Report’, Abridged Labour Force Survey Under Covid-19, released on Friday. The report states that the State accounts for 48.7 per cent of unemployment cases ... -
Nigeria’s unemployment rate rises by 27.1% in Q2 2020 – NBS
Nigeria’s unemployment rate has gone up by 27 per cent in the second quarter of 2020, from 23.1 per cent it reported in Q3 2018, according to the National Bureau of Statistics (NBS). The NBS disclosed this in its ‘Labor Force Statistics: Unemployment and Underemployment Report’, Abridged Labour Force Survey Under Covid-19, released on Friday. ... -
FG spent over N500m on SFP during lockdown – Minister
The Federal Government expended about N523.3 million on School Feeding Programme (SFP) during the lockdown against the coronavirus pandemic. The Minister of Humanitarian Affairs, Disaster Management and Social Development (MHADMSD), Sadiya Farouq, announced this at the Presidential Taskforce briefing on COVID-19 on Monday in Abuja. Farouk made the revelation against the rumours and speculations going ... -
NBS says 40.1% of Nigerians are considered poor, live on less than N11,500 monthly income
The National Bureau of Statistics (NBS) says Nigeria 40.1 percent of total population were classified as poor. The NBS made this known in its report on Poverty and Inequality in Nigeria 2019, released on Monday, titled: Poverty and Inequality in Nigeria 2019 According to the NBS on average 4 out of 10 individuals in Nigeria ... -
Nigeria records highest quarterly GDP growth since 2016 recession, grows by 2.27% -NBS
The nation’s Gross Domestic Product (GDP) has recorded a growth of 2.55 per cent (year-on-year) in real terms in the fourth quarter of 2019, the highest since the recession in 2016. This was revealed in the latest report released by the National Bureau of Statistics (NBS). The figure shows an increase of 0.17 per cent ... -
Food prices cause inflation to hit near two-year high in January
Annual inflation in Nigeria rose in January to its highest level in nearly two years, data released on Tuesday by the country’s National Bureau of Statistics, NBS, showed, as prices increased across all categories measured. The report shows that increase in food prices has forced Nigeria’s inflation for the month of January 2020 to hit ... -
Unemployment: PDP accuses APC of engaging in “under-the-table system of selective employment of a few”
The Peoples Democratic Party (PDP) has condemned the rate of unemployment in the country, saying the All Progressives Congress (APC) has overstretched the limits of Nigerians. It also accused the ruling party of trivialising and politicising the frightening level under it and warned the APC to get ready to face the consequences. The main opposition ...
