Nigeria’s inflation drops by 0.06 % in March – NBS
The National Bureau of Statistics (NBS) said the country’s inflation measured by Consumer Price Index (CPI) in March was 0.06 per cent points lower than the rate recorded in February.
JAMB records 4.01 % drop in applications received in 2018 – NBS
The National Bureau of Statistics (NBS) says the Joint Admissions and Matriculation Board (JAMB) recorded a 4.01 per cent drop in the applications received in 2018.
‘South Western states control 30.3% of Nigeria’s voice subscriptions’
Out of the total mobile subscriptions connected for voice services in Nigeria as at the end of 2018, states in the south west region including Ekiti, Lagos, Ogun, Ondo, Osun and Oyo had 51.7 million subscribers, amounting to 30.3 per cent. Statistics from the National Bureau of Statistics (NBS) put Nigeria’s active voice subscriptions as…
Nigeria’s active mobile subscribers hit 162m in Q4 2018 — NBS
The National Bureau of Statistics (NBS) said Nigeria’s active mobile subscribers dropped to 162,032,481 million in the fourth quarter, 2018 from 172,824,239 million...
1, 538 Nigerians died in road accidents in Q4, 2018 – NBS
The National Bureau of Statistics (NBS), said no fewer than 1,538 Nigerians died in road accidents in the fourth quarter of 2018.
Raw materials importation maintain steady rise in Q4 2018
Importation of raw materials continued on a steady rise in the fourth quarter (Q4) of 2018, as plant and machinery importation drop according to the latest data from the National Bureau of Statistics (NBS). Although availability of foreign exchange to local producers has aided importation of raw materials, the Manufacturers Association of Nigeria (MAN), has…
‘At 0.29% of total trade, solid minerals sector still at level of potential’
With trade in solid minerals hovering at N25.3billion in fourth quarter (Q4), 2018 representing 0.29% of total trade, stakeholders in the sector have asked for the implementation of policies that will encourage investors as well as value-addition. According to them sector has been static for some time, as government and operators in the industry do…
The rate of unemployment is high but women are the worst hit
The Labour Force Statistics released by the National Bureau of Statistics in December 2018 was trailed by mixed reactions, sparking heated debates on social media with many dismissing the reports as ‘fictitious’, ‘buffed up’ and ‘tainted’. The Labour Statistics Report, which reveals Nigeria’s unemployment and underemployment figures between 2017 (Q4) and 2018 (Q 1 -…
‘Hot money’ dominates Nigeria’s $17 billion inflow
The record of foreign inflow into the country in 2018 at $16.81 billion, has shown that investors targeted portfolio investments, also known as “hot money”, rather than establishment of institutions and taking equity stake in already existing ones. Hot money, as it is called, is frequently transferred among financial institutions in an attempt to maximise…
Don urges CBN to sustain monetary policy to further curb inflation
A Don, Dr Austine Nwaeze, has urged the apex bank to sustain its current monetary policy to curb the nation’s inflation rate.