National Bureau of Statistics
Nigeria’s inflation rate hits 17.6 % in August
The National Bureau of Statistics (NBS) says Consumer Price Index (CPI) has increased to 17.6 per cent (year-on-year) in August from 17.1 per cent recorded in July.
Recession and Nigeria’s hope on agriculture for survival
To cushion the effects of recession and boost household income, many Nigerians, according to second quarter figures from the National Bureau of Statistics (NBS), are exploring opportunities in primary agriculture...
Recession cuts telecoms operators’ earnings by N31b in Q2
The harsh economic climate in the country is having its toll on the telecommunications sector. The earnings of telecommunications operators dipped significantly as over 60 million telephone lines became inactive at the end of the second quarter.
Beneficial economic decisions were lost to political considerations, says Ndukauba
Since the official acceptance of Nigeria’s economic recession, economic analysts and others have been making postulations of what is, what was and what should be. The Deputy Managing Director Afrinvest, Victor Ndukauba, shared with CLARA NWACHUKWU, Business Editor, how the current crisis could have been avoided. Excerpts: Were you surprised by the National Bureau of…
Telecommunication sector increases contribution to GDP by 1.0 per cent
A new report by National Bureau of Statistics (NBS), has revealed that the telecommunications sector contributed N 1. 58 billion, or 9.8 per cent to the Gross ...
The grim statistics
The Minister of Finance, Kemi Adeosun, put the situation quite grimly but frankly: “It’s the worst possible time for us. Are we confused? Absolutely not. How are we going to get ourselves out of this recession?
The squeeze on consumers’ pockets
The lingering macro challenges in Nigeria have taken their toll on consumer discretionary spending. Nigeria is an import dependent country and as such has been bruised by the fx sourcing challenges.
Why recession may persist
From muted speculations to official confirmation, the message is the same: Nigeria is fully in economic recession.
More Nigerians switch from white-collar jobs to agric, informal sectors
In an apparent move to cushion the effects of recession and boost household income, more Nigerians have begun to leave white-collar jobs for the informal sectors, latest unemployment report from the National Bureau of Statistics has shown.