Insurance Sector Shrank By 28.15% In Q2 - NBS     The insurance sector of the Nigerian economy contracted by 28.15 per cent in the second quarter of the year. This was contained in the National Bureau of Statistics’ Gross Domestic Product report for the second quarter of...

Nigeria’s GDP Declines By 6% In Q2 — NBS     The country’s Gross Domestic Product (GDP) decreased (year-on-year, YoY) to- 6.10 per cent in real terms in the second quarter of the year (Q2’20) as non-oil GDP records first fall by 6.05 per cent since Q3’17. In...

RMAFC Raises Concern over States’ IGR … Rivers, Kaduna, Enugu, Kwara, Zamfara with impressive IGR in 2019 Against the over-dependence in the monthly Federation Account Allocation, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called for concerted efforts by state governments in boosting their internally...

Food Prices Rose In July – NBS     There was a general rise in selected food prices in July. The National Bureau of Statistics disclosed on Thursday in its report on ‘Selected food prices watch’ for the month of July. Part of the report stated that, “Selected food...

Salami Panel: Magu Boys Caught on Tape Demanding N75mn Bribe A businessman has played a tape recording before the Justice Ayo Salami-led Presidential Probe Panel on how some operatives of Economic and Financial Crimes Commission (EFCC), popularly known as 'Magu boys' used a lawyer to...

Nigeria Records 27.1% Unemployment Rate - NBS     National Bureau of Statistics, NBS, Friday said that Nigeria’s unemployment rate rose to 27.1% in the second quarter of 2020. “The unemployment rate during the reference period, Q2, 2020 was 27.1%, up from the 23.1% recorded in Q3, 2018....