Insecurity, Others Push Up Inflation To 14.9%         There are indications that the rising insecurity, border closure, increases in Value Added Tax (VAT), pump price of fuel, electricity tariffs and exchange rates have combined to further pressure headline inflation rate to 14.9 percent in November, 2020. This...

Nigeria's Inflation Rate Hits 14.89%         The Consumer Price Index (CPI), which measures inflation, increased by 14.89 per cent (year-on-year) in November compared to 14.23 per cent in the preceding month, according to the National Bureau of Statistics (NBS). The NBS attributed the 0.66 percentage increase in...

2021 Economy Outlook And CBN’s Solutions         The year 2021 is literally here. Suddenly it has become the year for a magic which was initially expected for 2020, but which disappointed due, obviously, to the public health crises of COVID-19 that practically pressured all economies, including...

Rising Youth Unemployment is a Waiting Time Bomb By Joy Nguri Current youth unemployment figure in Nigeria is estimated at about 17.1 percent of the over 200 million population. This data are estimates from the International Labour Organization, ILO, an agency of the United Nations saddled...

Oil Contributes 81% To N2.99trn Q3 Exports - NBS       Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99 trillion Q3 2020 export earnings, data released by the National Bureau of Statistics (NBS) yesterday showed. With the figure, crude’s share of...

Half Year Real GDP Stands At 12.18% - NBS         The National Bureau of Statistics (NBS) yesterday said the real Gross Domestic Product (GDP) growth rate for the first half of this year was -2.18 per cent year-on-year. It said in the first quarter (Q1) of this...