The Nigeria’s National Bureau of Statistics on Friday released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.05 per cent in July to 16.01 per cent in August. The bureau, in the report, which was made available to correspondent, said August was the seventh consecutive month that the index […]
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Nigeria’s exit from recession continues to elicit mixed reactions. Statistician General, Dr. Yemi Kale, has given more insight into the report, noting that the impact of recovery on the streets is a gradual process. Kale, who is the Chief Executive Officer of National Bureau of Statistics, NBS, which reported that the nation’s GDP grew by […]
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Nigeria’s Statistician-General of the Federation and Chief Executive, National Bureau of Statistics, Dr. Yemi Kale, on Wednesday explained why Nigerians were not feeling the real impact of the positive economic growth rate on their lives. According to correspondence, Kale attributed the non-impact of the exit from recession on the citizens to the structure of the […]
Read More The news that the nation exited its worst recession in 25 years was received with cautious optimism by a cross section of Nigerians on Tuesday, with many economists and analysts saying the 0.55 per cent growth in the Gross Domestic Product in the second quarter was slower than expected. They also warned that the growth, […]
Read More National Bureau of Statistics and the Petroleum Equalisation Fund on Friday commenced investigations to ascertain the actual volume of Premium Motor Spirit being consumed in the country daily. According to both agencies, the 35 million litres or 40 million litres daily petrol consumption figures often brandished by some government establishments were mere estimates, as they […]
Read More The National Bureau of Statistics, today released the Consumer Price Index which measures inflation with the index dropping from 16.25 per cent in May to 16.1 per cent as at the end of June. The bureau in the report made available to our correspondent in Abuja said this is the fifth consecutive decline in inflation […]
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Value Added Tax (VAT) generated the sum of ₦204.77 billion into the coffers of government in the first quarter of 2017, according to a report released by National Bureau of Statistics (NBS), yesterday. According to NBS, the sectoral distribution of Value Added Tax (VAT) data for Q1 2017 reflected that the sum of ₦204.77 billion […]
Read More The National Bureau of Statistics (NBS) said that the FCT and Lagos State reported a total of 58,566 crime cases in 2016. The NBS stated this in a Crime Statistics: Reported by Type and State in 2016 and posted on the bureau’s website on Tuesday in Abuja. According to the bureau, the FCT and Lagos […]
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Nigeria’s rate of unemployment in surge up to 14.2 percent in the fourth quarter of 2016, from 13.9 percent in Q3, with the number of unemployed in the labour force increasing by 351,015 persons. This was revealed in the Unemployment/Under-employment Report released by the National Bureau of Statistics (NBS), yesterday. The report noted that the national unemployment […]
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The six-week closure of the Nnamdi Azikiwe International Airport, Abuja has resulted into the decline in the number of air travellers by 983,705 or 28.2 per cent, according to figures released by the National Bureau of Statistics. The Abuja airport was closed by the Federal Government on March 8 in order to carry out repairs […]
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Recent developments in the Nigerian economy where the contraction in the GDP slowed considerably in Q1, 2017 is an indication that the country will likely exit the current recession between Q2 and Q3, 2017, analysts at FSDH Merchant Bank, have said. This, according to them, in a weekly review of the economy tagged, ‘Nigerian Economy […]
Read More The revenue generation potential of 28 states in Nigeria is highly dependent on the Pay As You Earn taxes even with the inability of some state governments to pay salaries regularly. Data from the National Bureau of Statistics showed that PAYE taxes deducted from workers’ salaries had the highest contribution to the states’ internally generated […]
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