Pension Industry Grows By 18% In Five Years – PenOp   Nigeria’s pension industry grew by 18 per cent in the last five years, the Pension Funds Operators Association of Nigeria has said. PenOp said this in a statement titled ‘Pension funds and private equity in Nigeria:...

Nigeria Records N8.9trn Trade Deficit In Nine Months     Nigeria recorded a negative trade balance of N8.9tn, between January and September, 2021, data from the National Bureau of Statistics have shown. Within this period, total foreign trade stood at N35.09tn, comprising N22tn imports and N13.1tn exports, leading...

In One Year, Intra-city Transport Fares Jumped By 36.58% – NBS   The average fares paid by commuters within Nigerian cities have climbed by 36.58 per cent year-on-year, according to a new report by the National Bureau of Statistics. The NBS, in its Transport Fare Watch report...

Nigeria Records N18.54trn Real GDP In Q3, 2021   The National Bureau of Statistics (NBS) has said in third quarter (Q3) of 2021, Nigeria recorded N18.54 trillion real Gross Domestic Product (GDP). Besides, the bureau said in the period under review, the country recorded N45.11 trillion nominal...

62% Of Enterprises Use Mobile Banking - NBS             The National Bureau of Statistics has said that 62 per cent of enterprises use mobile banking for their business operations. The NBS said this in its report titled ‘The impact of COVID-19 on business enterprises in Nigeria’. The report...

Import Index Rose By 1.07% In Q2 – NBS           The All- commodity group import index on average grew marginally by 1.07 per cent, driven mainly by products of the chemical and allied industries, wood and articles of wood, wood charcoal and articles, paper making material;...