Browsing: NBS

‘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

Analysts Task FG on Private Sector Funding for Capital Projects. Analysts at Cowry Asset Management Limited have advised the Federal Government to use private sector funding for its capital projects.

FAAC Shares N651.18 Billion to FG, States, LGs in June. The Federation Accounts Allocation Committee (FAAC) has shared N651.18 billion Federation Account Revenue to the federal, states and local government councils and relevant agencies for the month of June.

Tough Tasks for MPC as Inflation Rate Outpaces MPR. Tough job for the Central Bank of Nigeria’s Monetary Policy Committee as headline inflation which settled at 12.56% in June outpaced the benchmark interest rate of 12.50%, thus further widened negative return in the fixed income market.

Nigeria’s Inflation Rate for June Spikes to 12.56%. Nigeria’s inflation rate for June rises to 12.56%, the National Bureau of Statistics, NBS, has revealed in its June report.

Nigeria’s Headline Inflation Rate Rises to 12.40%. The Nigerian Bureau of Statistics (NBS) recent data shows that the consumer price index (CPI) which measures inflation increased by 12.40 % year-on-year in May 2020.

Capital importation: $5.8 billion flows into Nigeria’s economy in first quarter. Nigeria benefited from foreign investment flow amounted to $5.8 billion in the first quarter of 2020 amidst global disruptions.

Analysts predicts 12.35% inflation rate for April on account of panic buy