Bauchi, Ondo, Anambra Top States With Highest Inflation Rates   The National Bureau of Statistics (NBS) has said inflation rate was highest in Bauchi State with 24.79 per cent. According to a document obtained at the weekend, the review of inflation rate between January, last year and...

We Now Spend Above N400bn Monthly on Subsidy - NNPCL The Nigerian National Petroleum Company Limited, on Friday, revealed that the amount spent as subsidy on Premium Motor Spirit, popularly called petrol, had crossed N400bn monthly. NNPCL’s Group Chief Executive Officer, Mele Kyari, disclosed this at...

Inflation Soars To 21.82% Amid Naira Redesign   Nigeria’s inflation soared to 21.82 per cent in January 2023, according to the National Bureau of Statistics. This is amid a redesign of the naira by the Central Bank of Nigeria. January’s inflation rate is a 0.48 per cent...

ILO Says Global Unemployment To Hit 208 Million The International Labour Organisation (ILO) has projected that global unemployment would rise slightly by around 3 million to 208 million in 2023. The United Nations agency also said this would mark a reversal of the decline in global...

Household Food Imports Rise By 71% In Four Years   Food and beverage imports for households rose by 71.12 per cent between the third quarter of 2018 and the corresponding quarter of 2022 despite the foreign exchange crisis in the country. This was based on data from...

Fitch Predicts Slow Economic Growth For Nigeria In 2023   The Nigerian economy will continue to slump in 2023 due to activities leading to the general elections next year, but would likely pick in 2024, with growth rising to 3.3 per cent, a Fitch Solutions Country...