Browsing: NBS

Nigerian government records 9.17% increase in value added tax (VAT) in the first quarter

Nigeria’s reported a further increase in headline inflation rate to 13.71% in September, 2020

Due to policies-induced rise in cost, the Asset and Resources Management Securities Limited

The consumer price index, (CPI) which measures inflation increased by 13.22 percent (year-on-year) in August 2020, the National Bureau of Statistics data has revealed.

Trade Deficit Reflects Depth of Nigeria’s FX Issues – Cardinalstone. Cardinalstone Partner, a leading investment banking firm headquartered in Lagos has said that trade deficits recorded in the second quarter of 2020 underscores depth of Nigeria’s foreign exchange (FX) issues.

6.1% GDP Contraction: Dust Yet to Settle – Analysts. Amidst a 6.1% contraction in gross domestic products, analysts said they expect second round effects of the economic disruption in the form of massive layoffs in the formal sector, corporate defaults, tightening of financial conditions and weaker

Officially, Nigeria’s economy sinks 6.1% amid COVID-19 outbreak. Nigeria’s economic shrinks 6.1% amid covid-19 outbreak, the nation’s GDP

‘Unemployment Rate Data Downplays Labour Market Condition’ Afrinvest, a leading investment firm headquartered in Lagos has said it discovered that…

Nigeria’s Unemployment Rate Swells to 27.1 Percent. Overall employment declined by 11.1 million in Q2 20 compared to Q3 18. Unemployment rate increased 398 bps to 27.1% in Q2 20. Female unemployment surged 1.4 million compared to decline in Male unemployment of 559,061

Inflation Rate to Tick Up by 0.08% in July – Meristem. Analysts at Meristem Securities Limited have projected an uptick in July inflation rate by 0.08% to 12.64%. The nation’s headline inflation has been on ascendancy for 11-months straight before it peaked 12.56% in June, according to NBS