Unemployment is one of the major issues affecting Nigeria’s economy and its society. The rate of unemployment has increased over the last few years due to the fallout from the economic challenges. Out of a total active labour force of…
UBA grows gross earnings by 16%, delivers 17% return on average equity
United Bank for Africa Plc, Africa’s leading financial institution, has announced its audited 2018 half-year financial results, showing strong growth across key performance metrics as well as a significant contribution from its African subsidiaries. Despite declining yield environment in two core…
Nigeria’s economy out of recession, NBS insists (PremiumTimes)
The National Bureau of Statistics (NBS) on Monday restated that the country was out of recession. The Head of Public Affairs and International Relations Unit, Sunday Ichedi, said this in a statement in Abuja. Ichedi was reacting to claims that…
Nigeria’s inflation drops to 11.14% in July
Nigeria’s headline consumer price index extended deceleration (which started in 2017) to the eighteenth consecutive month. Headline inflation was 11.14 percent year on year ( y/y ) in July, according to National Bureau of Statistics (NBS) report released Wednesday. The…
Fuel prices, cooking gas, diesel decreased in July – NBS
The average price paid by consumers for premium motor spirit (petrol) decreased by -0.09 year-on-year and -0.9% month-on-month to N146.80 in July 2018 from N148.10 in June 2018, according to the National Bureau of Statistics report released Tuesday. In the report,…
Lagos Maintains Lead as States’ IGR Climbs to N931bn in 2017 (ThisDay)
Lagos State led the pack with N333.96 billion as the 36 states of the federation posted a total of N931.23billion internally generated revenue (IGR) in the 2017 fiscal year, the National Bureau of Statistics (NBS) has revealed in its just-released…
