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Ghana Inflation Rate Hits 50.3% In November

The Ghana Statistical Service (GSS) reported on Wednesday, December 14, that the country’s annual consumer inflation rose to 50.3% in November, up from 40.4% the previous month. The Service indicated that costs rose the most in the category of housing, water, gas and electricity, with prices up 79.1 percent. The Furnishings and Household equipment followed […]

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Nigeria’s Exports Trade Value Declines To N11.598Trn In Q3 2022

The National Bureau of Statistics (NBS) on Monday reported that Nigeria’s total foreign trade value totaled N11,597.93 billion in the third quarter of 2022, representing a 9.7% decline compared to the N12,841.54 billion recorded in the preceding quarter. However, the Bureau noted that the Q3 trade value was 10.7% higher than the N10,472.42 billion recorded […]

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African Workers’ Real Wage Growth Declines To -0.5% In H1 2022 – ILO

The International Labour Organisation (ILO) reported on Thursday that available data suggested that Africa’s real wage growth of workers dipped to minus 1.4 percent in 2021 and to minus 0.5 percent in the first half of 2022. The global labour organization made this disclosure in its latest ‘Global Wage Report 2022-2023: The Impact of Inflation […]

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Food Prices Sustain Spiking Trend In October, Vegetable Oil Up 33.99% – NBS

The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, on Wednesday reported that prices of selected food items increased in October as the average price of 1kg onion bulb, increased on a year-on-year basis by 32.56 percent from N306.07 recorded in October 2021 to N405.72 in the month under review. The […]

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NBS Flags Off Enhanced Nigeria Labour Force, Living Standards Surveys

The National Bureau of Statistics (NBS) at the weekend disclosed that it had commenced the Nigeria Labour Force Survey (NLFS) and Nigeria Living Standards Survey (NLSS) exercise nationwide and solicited the public support for the surveys. The Statistician-General of the Federation/NBS’ CEO, Prince Adeyemi Adeniran, who disclosed this during the National Sensitisation workshop for the […]

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Nigeria Misses Out In Africa’s Top Industrial Nations’ Ranking Chart – Report

A new report by the African Development Bank (AfDB), the African Union (AU) and the United Nations Industrial Development Organization (UNIDO) has revealed that Nigeria, commonly rated as the ‘Giant of Africa’, did not rank among the fast-growing industrial countries in Africa. The just published Africa Industrialization Index (AII) report indicated that 37 out of […]

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World Bank Rates Nigeria’s Public Expenditure Among Lowest Globally, Proffers Solutions

The World Bank Group has rated Nigeria’s fiscal system, in terms of revenue generation and inefficient use of resources, among the lowest globally and canvassed the need for the Nigerian governments to embark on macroeconomic and fiscal reforms to lift Nigeria’s development outcomes. The Washington D. C-based development finance institution’s latest position on the nation’s […]

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CBN Launches Countdown Clock On Old Naira Notes’ Expiration

The Central Bank of Nigeria (CBN) has launched a countdown clock on its website indicating when the old Naira notes will cease to be a legal tender. The countdown clock shows that January 31, 2023, remained the deadline for the N200, N500, and N1,000 notes to “remain legal tenders.” It would be recalled that the apex bank […]

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NBS Flags-Off National Agricultural Sample Census In 8 Pilot States

The National Bureau of Statistics (NBS), Nigeria’s statistical system coordinating agency, at the weekend hinted that it would commence the National Agricultural Sample Census (NASC) this week in eight pilot states after series of training of enumerators and other personnel that would be involved in the exercise nationwide. The pilot states are Ekiti, Jigawa, Delta, […]

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FG To Prioritize Poverty Alleviation Programmes In Yearly Budgets

President Muhammadu Buhari has said that the Federal Government will continue to pursue its dream of lifting 100 million Nigerians out of poverty by 2030 agenda by prioritizing poverty-reduction projects, programmes and initiatives in yearly budgets’ funding. Buhari made the promise on Thursday while launching the ‘2022 Multidimensional Poverty Index (MPI) Survey Report’ published by […]