Tag "NBS"

    Why did NBS stop telling us how many Nigerians are jobless?

Why did NBS stop telling us how many Nigerians are jobless?

Did you know 20 million Americans lost their jobs in April 2020 alone? Have you read that 33 million Americans have now lost their jobs since the coronavirus pandemic hit the country with full force only about seven weeks ago? Did you hear that the US is currently recording the worst job losses since the great depression of 1930? Let us [...]

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    Nigerians spent N4.6 trillion eating out in 2019, says NBS

Nigerians spent N4.6 trillion eating out in 2019, says NBS

Nigerians spent N4.598 trillion on food consumed outside the home, the National Bureau of Statistics has revealed.  This is the highest share of expenditure on food and on general food and non-food expenditure in the country for the year 2019. Most of the nation's expenditure came in from Lagos, Oyo, Delta, Rivers, and Kano states -- making up 33.71 percent of total [...]

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    Did you know Nigeria’s poverty line is less than a dollar a day?

Did you know Nigeria’s poverty line is less than a dollar a day?

What is poverty?  Pause. Think really well about the question. Take a hard long look at Nigeria and repeat the question to yourself; what is poverty? Do you know poverty? Have you seen poverty? Does poverty mean the absence of food or the basic needs of life? Are you done thinking? Is there an answer? Did you say poverty is the [...]

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    Report: Corruption dropped nationwide in 2019

Report: Corruption dropped nationwide in 2019

A report by the National Bureau of Statistics (NBS) and the United Nations Office on Drugs and Crime (UNODC) says there was a drop in the prevalence of corruption nationwide in 2019. It also said police and public utility officers account for more than half of the bribes received in the country in the year. The report entitled, 'Corruption in Nigeria: Patterns [...]

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    Investment into Nigeria dropped by $460m in three months, says NBS

Investment into Nigeria dropped by $460m in three months, says NBS

Data made available by the National Bureau of Statistics (NBS) on Monday showed that foreign inflow into Nigeria decreased from $5.82 billion in Q2 2019 to $5.36 billion in Q3 2019, a difference of $460 million. In its report titled Nigerian Capital Importation (Q3 2019), the NBS said the figure represents a decrease of 7.78 percent compared to the previous quarter. The [...]

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    Senate confirms three ambassadorial  nominees

Senate confirms three ambassadorial nominees

The senate has confirmed three nominees as career ambassadors. President Muhammadu Buhari had sent their names to the upper legislative chamber for consideration in November 2018. The confirmed nominees are Christopher Chejina (Delta), Bukar Kolo (Yobe) and M. A. Mabdul (Benue). They were confirmed after a report was presented by Monsurat Sunmonu, chairperson of the senate committee on foreign affairs. Sunmonu said the nominees [...]

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    Four states record slow growth in food prices as inflation hits 11.31%

Four states record slow growth in food prices as inflation hits 11.31%

Benue, Delta, Kogi and Ondo states have recorded a slow growth in food prices just as consumer price index (CPI) slowed to 11.31% in February.   This is according to the February CPI and inflation report the National Bureau of Statistics (NBS) released on Friday. The report said year on year, CPI which measures inflation, was lower by 0.06 percent points than [...]

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    DisCos supplied 79,850 meters in 2018 — NOT enough for 4.6m households in need

DisCos supplied 79,850 meters in 2018 — NOT enough for 4.6m households in need

The 11 Nigerian electricity distribution companies (DisCos) supplied 79,850 prepaid meters in 2018, despite a 4.6 million metering gap in the country. This is contained in the recently released 2018 fourth quarter power sector report of the National Bureau of Statistics (NBS). According to the report, the total number of electricity consumers with prepaid meters supplied by the 11 DisCos in the [...]

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    FACT CHECK: Verifying Fashola’s claims on debts, unemployment and APC promises

FACT CHECK: Verifying Fashola’s claims on debts, unemployment and APC promises

Babatunde Fashola, minister of power, works, and housing, has made numerous claims on the performance of the Muhammadu Buhari-led All Progressives Congress (APC), its public debt and unemployment figures. Fashola, who said the promises made by the ruling APC were aspirational, also went on to make some controversial claims, which were greeted by public concern, and doubt. TheCable took some time to [...]

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    Ezekwesili: My administration will lift 80 million people out of poverty

Ezekwesili: My administration will lift 80 million people out of poverty

Oby Ezekwesili, presidential candidate of the Allied Congress Party of Nigeria (ACPN), has assured Nigerians that she would address the increasing unemployment rate in the country if she emerges in 2019.  Ezekwesili gave the assurance while reacting to the Q4 2017 to Q3 2018 job report released by the Nigerian Bureau of Statistics (NBS) on Wednesday. According to the report, 20.9 million [...]

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    2019: Buhari’s 12m jobs versus Yemi Kale’s 20.9m unemployed

2019: Buhari’s 12m jobs versus Yemi Kale’s 20.9m unemployed

In 2007, before the American presidential election of 2008, the poll numbers were in favour of Republican war veteran, John McCain. McCain had led numerous military strikes for the United States military. In 1967, during the Vietnamese war, he was almost killed by the enemies, who had shot down his military aircraft and captured him as a prisoner of war. His [...]

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    Buhari ‘covering up unemployment figures because of 2019 elections’

Buhari ‘covering up unemployment figures because of 2019 elections’

The Atiku Campaign Organisation has accused President Muhammadu Buhari of deliberately covering up unemployment figures to protect his re-election bid.  In a statement on Thursday, the organisation accused the Buhari-led administration of deliberately not providing funds for the National Bureau of Statistics (NBS) to release the report which is long overdue. Yemi Kale, the statistician-general of the federation, had said the federal [...]

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    Yemi Kale: FG has not released money for NBS to complete unemployment report

Yemi Kale: FG has not released money for NBS to complete unemployment report

Yemi Kale, the statistician-general of the federation, says the federal government has not released money for the National Bureau of Statistics to complete the unemployment report. Its been a year since the bureau released Nigeria's unemployment figures, which are usually released quarterly. The statistician-general and the NBS have been accused of hoarding the figures, in order not to damage the reputation of [...]

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    CBN: Rice importation reduced in 2018 despite ‘political demand’

CBN: Rice importation reduced in 2018 despite ‘political demand’

The Central Bank of Nigeria (CBN) says the volume of rice imported into the country has declined drastically in 2018, according to figures from official sources. NAN reports that Isaac Okorafor, director, corporate communications at CBN, made this known in a statement on Tuesday. Okorafor said by September, Nigeria had imported 5,161 metric tonnes of rice from Thailand and 426 metric tonnes [...]

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    Buhari replaces nominee for chairman of NDIC board

Buhari replaces nominee for chairman of NDIC board

President Muhammadu Buhari has withdrawn the nomination of Olabode Akin Mustapha as chairman of governing board of Nigeria Deposit Insurance Corporation (NDIC) and replaced it with Ronke Shokefun. Buhari's request was contained in a letter read by Senate President Bukola Saraki on the floor of the upper legislative chamber on Tuesday. "The distinguished senate is kindly invited to recall my earlier request for [...]

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    Femi Adesina: Only the blind won’t see the good things happening under Buhari

Femi Adesina: Only the blind won’t see the good things happening under Buhari

Femi Adesina, presidential spokesman, said that those who oppose the current administration have made it a point to harp on negative happenings in the country.   Listing what he considered as the achievements of President Muhammadu Buhari, Adesina said the positive growth cannot be denied even by “naysayers.” He quoted figures from the National Bureau of Statistics, saying since Nigeria recovered from recession, the [...]

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Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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