National Bureau of Statistics
Nigerian inflation rate declines to 13-month low
Nigeria’s inflation rate fell for a fifth consecutive in June even as food-price growth surged.
Open market price of petrol now N148.16 per litre
The country lost about N126.4 million daily to import differentials between June 30 to July 6, 2017, according to latest oil and gas data from the National Bureau of Statistics (NBS).
NECA tasks government on improved FX policy, job creation
Reacting to the latest NBS report that showed unemployment increase by 351,015 in Q4 Director General of NECA, Olusegun Oshinowo, said the data was disturbing but not surprising in the light of the economic recession of the last three-quarters.
Nigeria’s inflation drops to 16.25 % in May
Nigeria’s inflation rate fell for a fourth straight month in May, dropping to the lowest in a year as growth in prices of most goods except food eased.
‘Government’s 1.5million jobs target by 2020 unrealistic’
The Nigeria Labour Congress (NLC) has said Federal Government’s target of creating 1.5 million jobs by the year 2020 was unrealistic and ambitious considering the rising rate of unemployment in the country.
ILO wants 600m jobs to check unemployment
The International Labour Organisation (ILO) has said that the world would need 600 million jobs by 2030 to effectively resolve global unemployment just as it disclosed that no fewer than 210 million people were unemployed globally.
AFBTE attributes job losses to economic recession
Meanwhile, the National Bureau of Statistics (NBS), in its unemployment report for the fourth quarter (Q4) of 2016 has said 3.67 million Nigerians became jobless in one year.
High food prices contradict latest declining inflation rate
According to the National Bureau of Statistics (NBS), the latest inflation rate, for the third consecutive month marginally declined by 0.02 per cent to 17.24 per cent, from the 17.26 per cent recorded earlier in March.