Nonye Ayeni, incumbent Chief Executive Officer at the Nigerian Export Promotion Council (NEPC) was upbeat on Thursday January 18, 2024 as she reeled out figures and statistics at her first major press briefing since taking over the reins at the…
Means of production price decline in China
Most of the capital goods monitored by China’s statistical authorities registered lower prices in early June compared with late May, official data showed on Wednesday. Of the 50 major goods classified in nine categories, including seamless steel tubes, gasoline, coal,…
Inflation in Nigeria rises further to 21.91%
In February 2023, the headline inflation rate rose to 21.91% compared to January 2023 headline inflation rate which was 21.82%, according to figures that were released by the National Bureau of Statistics (NBS) on Wednesday. Looking at the trend, the…
Stakeholders raise concerns over high food import pricing
The spike in the market prices of major commodities globally has been a concern for many nations around the world. Nigeria, like others, also faces severe threats to its already wobbly food security position. Stakeholders believe that Nigeria, a country…
Nigeria needs to move from consumption to production-based economy — Obi
The Vice Presidential Candidate of the Peoples Democratic Party (PDP) during the 2019 general elections, Mr Peter Obi, has explained that Nigeria’s economy, which, he said, was largely consumption-based, needed to become production-driven for a sustainable growth and development to…
Food prices, transport fare soar
The prices of food rose Year-on-Year, YoY, amidst rising transport fare in September. Analysis of the National Bureau of Statistics, NBS, selected food price watch data for September 2021 showed that the prices of rice, egg, garri, and tomatoes rose…
*Court sentences trader to 25 years imprisonment for raping tailor (Nation)*Police arraign dispatch rider for allegedly bolting with $10,000 (Guardian)
Court sentences trader to 25 years imprisonment for raping tailor (Nation) An Ikeja Sexual Offences and Domestic Violence Court on Friday sentenced a 43-year-old trader, Adelaja Oloyede, to 25-years imprisonment for raping a tailor. Justice Abiola Soladoye found Oloyede guilty…
Konga, e-commerce and 23m unemployed Nigerians – Dr Hassan Kuja
Nigeria is currently mired in the throes of a worsening unemployment tide. As you read this, the situation is so bad that out of every three Nigerians you encounter, one of them is unemployed. Numbers wise, Nigeria’s unemployment profile currently…
Nigeria inflation hits 14.89% – a 31-month high
Nigeria’s inflation rate has climbed to a 31-month high, as it rose further to 14.89 per cent in November, the latest figures by the National Bureau of Statistics (NBS) has shown. The report published on the website of the bureau…