Nigeria’s unemployment rate drops to 4.1 per cent in 2023
By Onome Amuge. Nigeria’s unemployment rate reduced sharply in two consecutive quarters from 33.3 per cent in 2020 to 5.3 per cent in
Petrol rises 215% nationwide in one year, NBS reports
By Cynthia Ezekwe. Nigerian consumers paid higher for petrol and diesel in July 2023 as the average retail price of petrol rose
MAN seeks urgent govt. intervention to tame soaring inflation
By Onome Amuge. The Manufacturers Association of Nigeria (MAN) said the current inflationary trend is adversely affecting the
NEPC launches Youth Export Programme to drive non-oil export revenue
By Cynthia Ezekwe. The Nigerian Export Promotion Council (NEPC), has launched the Youth for Export Programme, an initiative targeted
Nigeria’s inflation rate soars for 7th consecutive month to 24.08% in July
By Onome Amuge. Nigeria’s inflation rate rose for the seventh straight month in the year to 24.08 per cent in July
Nigerians face hardship onslaught, soaring inflation in August, says PwC
By Onome Amuge. Petrol subsidy removal and the adoption of a managed float exchange rate system is likely to mount additional
Nigeria’s inflation rate soars for 6th consecutive month to 22.79% in June
By Onome Amuge. Nigeria’s inflation rate rose for the sixth straight month in the year to 22.79 per cent in June 2023,representing an
Nigeria’s GDP slows to 2.31% in Q1’23 amid cash scarcity, says NBS
By Luther Animashaun & Onome Amuge Nigeria’s economic growth rate slowed to 2.31 per cent in the first quarter of 2023 due
Petrol up 54.52% in January 2023, NBS reports
By Habeeb Adamu The average retail prices of petrol in the local markets recorded an annual increase of 54.52 per cent and a monthly
NBS inflation index extremely outdated, says IMF
By Business AM The index weights and basket presented by the National Bureau of Statistics (NBS) for the monthly consumer price index