Nigeria has recorded its worst rating on Transparency International’s (TI) Corruption Perception Index, CPI, since 2015. In the 2020 index released on Thursday, the country scored 25 out of 100 points, dropping to 149 out of the 180 countries surveyed, taking the nation three steps down from the 146 scored in 2019. According to Transparency ...

The inflation rate in Nigeria closed 2020 on a high hitting 15.75 percent in December, its highest level in three years. This is according to statistics released on Friday by the National Bureau of Statistics, NBS. This is an increase by 0.86 percent from the 14.89 percent recorded in November last year. “The consumer price ...

Nigeria’s headline inflation has increased for the 15th consecutive month to 14.89% in November 2020, from 14.23% in October. The report which was released on Tuesday by the National Bureau of Statistics (NBS) also shows a spike in food inflation which jumped to 18.30% in November from 17.38% the previous month, while core inflation declined ...

The total value of Nigeria’s merchandise trade from January to date is to N23.2 trillion, while trade in the third quarter of 2020 (Q3 2020) stood at N8.37 trillion. The National Bureau of Statistics (NBS) said this in its “Foreign Trade in Goods Statistics Q3, 2020” published on its website on Monday. According to the ...

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, ...

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 ...

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 ...

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 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. ...

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 ...