The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 31.70 per cent in February 2024.

Nigeria's economy grew 3.46 per cent in the fourth quarter of 2023, sustaining the third consecutive expansion since President Bola Tinubu assumed office as president.

National Bureau of Statistics (NBS) has said Nigeria’s unemployment rate increased significantly by five per cent in the third quarter (Q3) of 2023, as against 4.2 per cent in previous quarter.

From a level of 21.34 per cent as of end-December 2022, Nigeria’s headline inflation maintained a consistent upwards trajectory, closing year 2023 at 28.92 per cent—a rate widely considered to be the highest in about three decades.

The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N4,828.18 recorded in November 2023 to N4,962.87 in December 2023.

2023 was a truly unpleasant year, dominated by the removal of fuel subsidies, higher inflation that affected real disposable incomes and devaluation of the naira, among others.

The growth of the Internet and mobile phone services in Nigeria is gradually killing postal services as most people resort to the digital exchange of important documents. The effect of this could be seen in the latest report by the National Bureau of Statistics (NBS), which shows that the total revenue generated from postal activities…

The National Bureau of Statistics (NBS) of Nigeria underwent a revision of its unemployment rate calculation methodology in 2023. The new approach aligns with the International Labour Organisation's (ILO) guidelines, recognised as the international standard for unemployment measurement. This substantially decreased the reported unemployment rate, dropping from 33% in Q4 2020 to the current 4.1%.…

• Methodology defies reality • Experts describe drop in rate an undercount • 92% Nigerians informally employed – NBS • Group calls for accessibility, employment opportunities for PWDs Nigeria’s unemployment rate has recorded a dramatic drop from 33.1 per cent reported in March 2021 to 4.1 per cent for the first quarter of 2023, the National Bureau…

With the steady rise in the price of cooking gas and kerosene, which has escalated the cost of making a meal in Nigeria in recent times, the multidimensional challenges facing average Nigerians under the outgoing administration have worsened.

In a few days, President Muhammadu Buhari, who is eager to retire peacefully, will leave Nigerians and Nigeria in fragile pieces, as well as an economy that is struggling to survive.

As Nigerians await the release of labour market data by the National Bureau of Statistics (NBS) in May, experts have predicted that the unemployment figures are expected to worsen, following the protracted poor performance of the economy in the past few years.