National Bureau of Statistics
Nigeria's GDP declines by -2.06% in Q2
The National Bureau of Statistics (NBS), says the nation’s Gross Domestic Product (GDP) declines by -2.06 per cent (year-on-year) in the second quarter of 2016.
FG projects better economic outlook for H2
After more than six months marked plunging revenue caused by attacks on oil pipelines in the Niger Delta and ballooning inflation, the Federal Government said on Wednesday said it was expecting a better second half of the year. The government's optimism is in spite of a forecast by the International Monetary Fund that the country's…
Nigerian market in cautious mode as ‘week of data’ begins
Nigeria’s financial market is set begin activities today with cautious decisions as the week, expectedly, will off-load a flurry of “wanted” economic reports that will affirm the country’s health status.
Oil marketers want payment of $800m forex differentials
As banks and other lenders have begun a recovery programme to recoup loans and debt from the downstream sector of the oil industry, the Major Oil Marketers Association of Nigeria ...
‘Mining industry’s growth stunted by lower oil prices’
Despite a marginal rise in combined production of mining and utilities by one per cent, there are indications that global production growth from mining activities may have continued to decline ...
Kale bows out August 16
Statistician-General of the Federation, Dr. Yemi Kale, is to officially bow out from the National Bureau of Statistics (NBS) on the 16th of August.
Kale, NBS Boss completes tenure, bows this month
The Federal Government may have begun search for the replacement of the Statistician-General of the Federation, Dr Yemi Kale, following the completion of his tenure as Chief Executive Officer of the National Bureau of Statistics (NBS).
Cost of funds to rise as benchmark rate hits 14 %
To mitigate inflationary trends and price volatility, the Central Bank of Nigeria (CBN) has increased interest rate benchmark from 12 to 14 per cent.