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NBS Launches Small Firms Diaries Research Survey, Lists Benefits To Economy

The National Bureau of Statistics (NBS) on Friday, in collaboration with key partners, including Bill and Melinda Gates Foundation, Financial Access Initiative (FAI) of the New York University, Low Income Financial Transformation (L-IFT), Lagos Business School (LBS) amongst others, launched the Small Firms Diaries (SFD) Initiative in Nigeria. The SFD research initiative which is being […]

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Buhari Links Nigeria’s Recovery To Farming, Seeks Netherlands’ Support

President Muhammadu Buhari has linked Nigeria’s gradual economic growth trajectory to improved agricultural activities, claiming that “people went back to farm.” Buhari , who made the claim during a bilateral meeting of the United Nations General Assembly in New York, United States, also solicited financial assistance from foreign leaders to sustain the nation’s economic growth […]

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Nigeria Records 0.35% Slide In Products’ Terms Of Trade In Q2

The National Bureau of Statistics (NBS) on Wednesday reported that  Nigeria’s All- products terms of trade (TOT) index decreased by 0.35 per in the second quarter (Q2) of the year. The official statistics producing agency attributed the marginally decline to drops in the prices of live animals, animal products, wood and articles of wood; wood […]

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UK Manufacturing Orders Highest Ever In September

UK manufacturing industry order books in September rose to the highest level ever, while export order books also improved to their strongest since March 2019. The country’s latest monthly CBI industrial trends survey indicated that total order books, in the survey  conducted across 273 manufacturing firms improved further over the preceding month’s strong results. Despite […]

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Nigeria Lost 20% Full-Time Workers To COVID-19 Pandemic In 2020 – Report

A new report by the United Nations Development Programme (UNDP) Nigeria and the National Bureau of Statistics (NBS), released this Tuesday indicated that 20 percent of Nigeria’s full-time workforce lost employment during the COVID-19 pandemic in 2020. The report, which assesses the impact of COVID-19 on business enterprises in Nigeria, is based on in-depth interviews […]

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Nigeria’s Leaders Lack Capacity To Transform Economy – Moghalu

A former deputy governor of the Central Bank of Nigeria (CBN), Dr. Kingsley Moghalu, on Monday lamented that the Nigerian government’s excessive involvement in economic issues remained the biggest challenge to re-positioning the nation’s economy on the path of sustainable growth. Moghalu, who expressed his views on the state of the economy during an interview […]

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Ghana Records 3.9% GDP Growth In Q2, 2021

The Ghanaian economy recorded 3.9% year-on-year (YoY) growth in the second quarter of this year, up from 3.1% growth in the preceding quarter. According to data by the Ghana Statistical Service (GSS), the Q2,2021 performance, however, showed that when compared with the 5.7% (yoY) growth recorded in the corresponding quarter of last year (Q2,2020) the […]

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FG Launches Youth Employment Plan, Targets 3.7Mn Jobs Yearly

The Federal Government has launched the Nigerian Youth Employment Action Plan (NIYEAP 2021-2024) as part of its sustained efforts to create more jobs, boost economic activities and reduce the incidence of banditry and other crimes in the country. Specifically, the Plan aims at mobilizing the energies and capacities of the youth to reduce the risks […]

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RBDAs Are Catalyst For Food Security, Job Creation – Minister

The Minister of Water Resources, Engr. Suleiman Adamu, has said that ongoing partial commercialisation of the nation’s 12 River Basin Development Authorities (RBDAs) is aimed at attracting private sector investments for their revitalization and ensuring efficient service delivery by them. Adamu described the RBDAs asstrategic to the actualization of national food security, jobs and wealth […]

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CSEA Tasks Buhari On Food Insecurity, As Banditry Heightens

The Centre for the Study of the Economies of Africa (CSEA), a leading think-tank organization with special focus on economic development trends in Africa, has charged the President Muhammadu Buhari-led government to frontally tackle the increasingly worrisome insecurity rate in the country in order to guarantee food security for Nigerians. The research firm, in its […]