Nigeria is currently facing severe economic challenges characterized by persistently high inflation rates, causing immense hardship for the citizens during President Bola Ahmed Tinubu’s reign over the last six months. The nation is grappling with issues such as Naira depreciation, rising insecurity, and an overall decline in the standard of living.NYSC Portal The latest figures … Read more
The situation regarding food affordability in Nigeria has become increasingly challenging, as the country faces a significant rise in food inflation. According to the latest data from the National Bureau of Statistics’ “Consumer Price Index: November 2023” report, food inflation in Nigeria escalated to 32.84% in November. This increase reflects a troubling trend for many … Read more
According to BUSINESS HALLMARK, KPMG has projected Nigeria’s unemployment rate to rise further to 40.6 percent in 2023.Information Guide Nigeria In a report titled ‘Global Economic Outlook’, KPMG said the figure is based on its estimates. The National Bureau of Statistics (NBS) in the fourth quarter (Q4) of 2020 said that Nigeria‘s unemployment rate stood … Read more
The price of 12.5kg of cooking gas increased by 61% between September 2021 and September 2022, from N6,165 to N9,906.Informaion Guide Nigeria The National Bureau of Statistics published this information in its report on Liquefied Petroleum Gas (cooking gas) Price Watch for September 2022. Cross River had the highest average retail price for refilling a … Read more
The National Bureau of Statistics reports that air travel increased by 96.87 percent during the course of one year. In its report titled “transportation fare watch” (September 2022), the Bureau observed that the average fare paid by air passengers for a single travel on specified routes grew by 96.87% year-over-year from N36,922.97 in September 2021. … Read more
According to the National Bureau of Statistics, Nigeria’s inflation rate reached a new high of 20.77 percent in September as food supplies, the foreign exchange crisis, and rises in import expenses deteriorated. In August, the country’s inflation rate reached a 17-year high of 20.52 percent, which has already been surpassed by September’s figure.Infomation Guide Nigeria … Read more
In the first quarter of 2019, all the three tiers of government in the country have received about N1.92 trillion from the Federation Account Allocation Committee FAAC, as reported by the National Bureau of Statistics NBS. The NBS said this in FACC monthly allocation for January, February and March 2019 Disbursement statistics published on its … Read more