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...

Insurance Sector Records 28% Growth In Q3, 2022   Insurance sector recorded 28.26 per cent growth in the third quarter of 2022, according to figures obtained from the National Bureau of Statistics. The NBS stated in its ‘Nigerian Gross Domestic Product report Q3, 2022’, that the finance...

NBS Report Says 133 million Nigerians are Poor The National Bureau of Statistics latest data has indicated that 133 million Nigerians are multidimensionally poor. In its latest National Multidimensional Poverty Index Report launched on Thursday, the NBS said that 63 per cent of Nigerians are poor...