Tag Archives: NBS

The Federal Government on Thursday inaugurated two schemes to support Micro, Small and Medium Enterprises (MSMEs), to cushion the effects of COVID-19 and save over 100,000 small businesses. The two schemes, Survival Fund and the Guaranteed Off-take Stimulus Schemes, were under the Nigeria Economic Sustainability Plan (NESP) of President Muhammadu …

A mixed debilitating factors dragged Nigeria’s Gross Domestic Product down by 6.10 per cent in the second quarter of 2020. The National Bureau of Statistics, in its GDP report for Q2 2020, said on Monday that the decline was largely attributable to significantly lower levels of both domestic and international …

Nigeria’s consumer price index (CPI) which measues inflation rate rose further to 12.82 per cent in July, representing 0.26 per cent increase from (12.56) percent recorded in June, 2020. According to the National Bureau of Statistics (NBS) on Monday, the latest CPI data is the highest in 27 months, as food prices …

The Nigeria’s National Bureau of Statistics (NBS) Friday released ‘Labor Force Statistics: Unemployment and Underemployment Report,’ showing increase in the unemployment rate to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018. According to the data which covers a period of …

The Nigeria’s National Bureau of Statistics (NBS) Friday reported that the country’s consumer price index, (CPI) which measures inflation increased to 12.56 percent (year-on-year) in June 2020, representing 0.16 percent points higher than the rate recorded in May 2020 (12.40) percent. According to NBS, the increases were recorded in all …