Tag: National bureau of statistics

Nigeria’s Economy Contracts by 6.10% in Q2

The country’s Gross Domestic Product (GDP) growth rate contracted by –6.10 per cent (year-on-year) in real terms in the second quarter of the year (Q2 2020), according to the National…

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Nigeria food Inflation Accelerates to 15.5% from 15.2%,consumer price rose 12.8% in July from a year earlier

Nigerian inflation accelerated for the 11th straight month in July as a weakened currency and continued border closures drove up food prices. Consumer prices climbed 12.8% from a year earlier, compared…

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Unemployment Rate Rises to 27.1%

Nigeria’s unemployment rate increased to 27.1 per cent in the second quarter of the year (Q2 2020), compared to 23.1 per cent recorded in Q3 2018, according to the National…

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Nigeria’s unemployment rate rises to 27.1%, says NBS

The National Bureau of Statistics has finally released data on the nation’s unemployment rate after a 20-month interval, saying the unemployment rate rose to 27.1 per cent in the second…

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Global digital population hits 4.5 billion

With Covid-19 confining within the fall walls of their rooms and home, the internet becomes and is becoming a ready resource or platform for commercial and noncommercial interactions.  The implication…

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Q1 petrol imports rise to 5.32 billion litres

  The volume of petrol imported into the country in the first three months of the year rose by 9.24 per cent, compared to the same period in 2019, the…

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Nigeria’s Capital Importation Increases Despite Economic Downturn

Despite the current health crisis bedevilling the world and its impact on several economies including Nigeria, the total value of capital importation into the country has been put at $5,854.38m…

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