Opportunity for young people, as Jobberman unveils improved job search platform
Recent data published by the Nigeria’s National Bureau of Statistics (NBS) pegs the unemployment rate at 14.2 per cent in the last quarter of 2016, up from 13.9 per cent...
NBS to spend $3.5m on poverty statistics survey
The National Coordinator, Nigeria Living Standard Survey (NLSS), Tunde Adebisi, has said the National Bureau of Statistics (NBS) will spend $3.5 million in carrying out the living standard survey.
The plague of unemployment
Unemployment is one of the major issues affecting Nigeria’s economy and its society. The rate of unemployment has increased during the last few years due to the fallout from the economic challenges.
‘Why non-oil export sector may remain at level of potential’
The expectations of an end to the rhetorics of “potential” in the non-oil sector may remain unrealised, with assessed myriads of challenges and declining fortunes presently assailing the sector. According to the non-oil exporters, challenges revolving around products, pricing, paperwork, payment, promotion and policies need to be addressed for the non-oil export sector to contribute…
Unending search for growth, justice in oil/gas sector
Among other reasons, the Petroleum Industry Bill (PIB) introduced about 17 years ago was intended to create a legal and regulatory framework, institutions and regulatory authorities for the petroleum industry and set guidelines for the operation of the country’s petroleum sector, which has remained the country’s highest revenue source, accounting for over 80 per cent…
4059 vehicles involved in road crashes in second quarter
Latest report from the National Bureau of Statistics (NBS), has revealed that 4,059 vehicles were involved in road crashes in second quarter (Q2), of the year. In the road transport data released on Tuesday, commercial vehicles represented the highest number of crashes with 2,447 representing 60.29 per cent, followed by private with 1568 (38.63 per…
‘Capital importation may fall further in telecoms sector’
Capital importation of telecommunications companies, which fell by 94 per cent in second quarter, may fall further, if the economy continues its steep fall. Capital importation is divided into three main investment types: Foreign Direct Investment (FDI), Portfolio Investment, and Other Investments, each comprising various sub-categories. The National Bureau of Statistics (NBS) report for…
Nigeria’s GDP grows by 1.5% in Q2- NBS
The National Bureau of Statistics (NBS), said Nigeria’s Gross Domestic Product (GDP) grew by 1.50 per cent year-on-year in real terms to N16.58 trillion in the second quarter.
Agric entrepreneurs call for intensified mechanisation, commercialisation
Agricultural sector in Nigeria has been falling short in its traditional role of feeding the nation, meeting raw material needs of industries and export demand, and creating wealth for its agricultural entrepreneurs.
States owe FIRS N41bn tax – NEC
The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS) N41 billion in Value Added Tax (VAT). Gov. Badaru Abubakar of Jigawa State, disclosed this while briefing State House Correspondents shortly after NEC meeting presided over by the Acting President, Prof. Yemi Osinbajo, on Thursday in Abuja. He said that…