Nigeria’s Capital Importation Declines To $875.62m In Q2, 2021     The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in the first quarter of 2021. The National Bureau of Statistics disclosed this in its report titled, ‘Nigerian...

Beans, Tomatoes, Rice Record 253%, 123%, 51% Price Hike       The cost of food items in Nigeria has been recording significant increases in the past one year. A survey carried out by our correspondents in markets across Lagos, Ogun and Federal Capital Territory showed that staple food...

Nigeria Going through Its Worst Unemployment Crisis - W/Bank   Nigeria is currently going through one of its worst unemployment crises in recent times, a new report by the World Bank has stated. The multilateral institution also noted that the socio-economic challenges facing Nigerians in the last...

Food Prices Soar As Inflation Drops To 17.75%       Prices of food continued to rise as the Consumer Price Index (CPI) which measures inflation (rate of change in the increase in prices) increased by 17.75 percent in June 2021, signifying a 0.18% drop compared to the...

All Commodity Terms Of Trade Drops By 51% In 3 Months — NBS       The National Bureau of Statistics, NBS, said the All commodity Terms of Trade Index fell by 0.51 percent from January to March, 2021. In its latest Commodity Price Indices and Terms of Trade,first...

Insurance Sector Contracted By 2.08% In Q1, 2021       The insurance sector contracted by 2.08 per cent in the first quarter of 2021, according to the latest figures obtained from the National Bureau of Statistics. The NBS, in its report on Gross Domestic Product for the first...