Sunday, October 20, 2019

Tag "NBS"

    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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    Lagos, Kano ‘dominate telecoms sector’ in Q4 2017

Lagos, Kano ‘dominate telecoms sector’ in Q4 2017

Telecoms data for the fourth quarter of 2017 indicates that Lagos and Kano states recorded the highest numbers of voice and internet subscriptions in the country.According to statistics from the National Bureau of Statistics (NBS) Lagos led with 19,417,181 total active voice subscriptions and 19,118,767 GSM users by the end of the fourth quarter, equaling 13.18% of the total nationwide [...]

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    HURRAY! Banks employ more staff — first time in 2017

HURRAY! Banks employ more staff — first time in 2017

The banking sector employed 6,924 more people in the third quarter, this is the first time in 2017 that it increased its workforce.According to the Q3 banking sector data released by the National Bureau of Statistics, the staff strength in the sector increased from 75,607 in the second quarter to 82,531 people in the third quarter.In the first quarter of [...]

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    NBS: VAT revenue increased by N41bn in Q2

NBS: VAT revenue increased by N41bn in Q2

The revenue generated from value added tax increased by N41.53 billion in the second quarter of 2017, says the National Bureau of Statistics (NBS) sectoral distribution report.According to the report, N246.30 billion was generated in Q2 2017, as against N204.77 billion generated in the first quarter.A sum of N187.03 billion was recorded in Q2 2016, amounting to a 20.28% increase [...]

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    Food prices rise but inflation drops for 8th consecutive time

Food prices rise but inflation drops for 8th consecutive time

Data released by the National Bureau of Statistics (NBS) on Tuesday shows that Nigeria's inflation rate dropped to 15.98% from 16.01% for the month of September.It is the eighth consecutive time the country's inflation rate is dropping in 2017.However, all major food sub-indexes increased by 20.32 percent year-on-year in September, an increase from the 20.25 percent recorded in August.The report also [...]

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    NBS: In 53 years, Nigeria realised N118trn from crude oil

NBS: In 53 years, Nigeria realised N118trn from crude oil

The National Bureau of Statistics (NBS) says Nigeria has realised more than N118tn from crude production and refining from 1961.The NBS report, which has additional data from the Nigerian National Petroleum Corporation, collated its statistics from 1961 till 2014.“The petroleum statistics on crude oil production and oil refining reflects that a total 32.70 billion barrels of crude oil valued at [...]

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Exchange Rates

October 14, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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