President Muhammadu Buhari on Monday in Abuja received the report of the Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage (PTAC) with a pledge to review it expeditiously. The PTAC, which was inaugurated on Jan. 9, was mandated to advise the Federal Government on how best to fund, in a sustained […]
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National Bureau of Statistics
Ogun produced highest tonnes of solid minerals in 2018 – NBS
The National Bureau of Statistics (NBS) has disclosed Ogun produced the highest tonnes of solid minerals in the country in 2018. The NBS disclosed this in its State Disaggregated Mining and Quarrying Data for 2018 posted on its website. The bureau said the state produced 16.49 million tonnes of solid minerals, representing 30 per cent […] …
Nigeria generates N298bn from VAT in Q4, 2018
The National Bureau of Statistics ( NBS ), said Nigeria generated N298.01 billion from Value Added Tax (VAT) in fourth quarter, 2018. NBS said this in a Sectoral Distribution of VAT report for the fourth quarter, 2018 posted on its website. The News Agency of Nigeria reports that VAT is a consumption tax placed on […] …
Why NBS economic growth report is wrong, by experts
The report of the National Bureau of Statistics (NBS) yesterday that the economy recorded 2.4 per cent growth in the fourth quarter of 2018 drew criticism from economic experts.
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Unemployed Nigerians increase by 3.3m to 20.9m — NBS
Inflation notches up to 11.28% in November, says NBS
“The urban inflation rate increased by 11.61 percent (year-on-year) in November 2018 from 11.64 percent recorded in October 2018…” Isaac Anumihe, Abuja National Bureau of Statistics (NBS) has said that inflation rate in November has moved up to 11.28 percent, 0.02 percent points higher than the 11.26 percent rate recorded in October 2018. Capital importation […]
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Capital importation decreases to $2.85 billion in Q3 –NBS
The National Bureau of Statistics (NBS) says the total value of capital importation into Nigeria reduced to $2.855 billion in the third quarter. The NBS disclosed this in its “Nigeria Capital Importation (Q3 2018)’’ report released on Tuesday in Abuja. According to the bureau, the figure represents a 48.21 per cent decrease, compared to the second […]
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October inflation marginally drops to 11.26%
National Bureau of Statistics (NBS) yesterday said that inflation rate in October 2018, dropped to 11.26 per cent from the September’s figure of 11.28 per cent. According to Consumer Price Index (CPI) released by NBS, food prices had a negative inflation between September and October. “On month-on-month basis, the headline index increased by 0.74 per […]
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Osun government disburses N851m loan to farmers
The Osun Government says it has disbursed more than N851 million loan to farmers through its agriculture initiative, Quick Impact Intervention Programme (QIIP) since 2011 till date. Mr Ismaila Jayeoba-Alagbada, the Commissioner For Commerce, Industries and Co-operatives, disclosed this at a news conference on Monday in Osogbo. Jayeoba-Alagbada said that 496 farmers’ co-operatives groups with […] …
Nigeria population to hit 350 million in 2050
The population of Nigerians, currently over 190 million have been predicted to reach almost double figures in the next 32 years. Nigeria’s census last collected in 2012 by the Nigeria National Bureau of Statistics, the total population of citizens in Nigeria was around 166.2 million people. Director General, Institute for National Transformation (INT), Abuja, Prof. […] …