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...

Federation Account: How FG, States Shared N7.23tr in 2020 … FG Received N3.04 tr, States/LGCs Got N4.18tr …Highest Allocations: Lagos N299bn, Delta N247bn, Akwa-Ibom N212bn, Rivers N198bn, Kano N174bn …Lowest Allocations: Gombe, Ebonyi, Nasarawa, Ekiti and Kwara Received less than N80bn each A new report by Economic...

How Inflation Impoverishes Nigerians - NBS     The National Bureau of Statistics (NBS) has validated a World Bank’s report which stated that not less than seven million Nigerians were thrown into poverty in 2020 due to the adverse impact of rising inflation. Head, Public Affairs and International...