The National Bureau of Statistics revealed that the Consumer Price Index which measures inflation rate fell to 17.01 percent in August. According to the latest CPI report, this rate is 0.37 percent points lower than the 17.38 percent recorded in July this year. This, according to the report, is the fifth consecutive month that the […]Read More
Though South Africa’s economic growth margin is still considered stuck in its longest downward cycle since World War II at below 3%, recent reports show the economy has quickened in the second quarter of 2021 as restrictions to contain the coronavirus pandemic were eased. According to Statistics South Africa, gross domestic product expanded 1.2% in the […]Read More
The Nigerian government in a recent statement revealed it had disbursed N56 billion within a year to over 1,079,323 persons and small business owners to protect them from the potential vulnerabilities brought about by the COVID-19 pandemic. According to the minister of state, industry, trade and investment, Maryam Katagum, exactly N56,842,780,000.00 have been disbursed to business […]Read More
The Socio-Economic Rights and Accountability Project has said that 27.4 million Nigerians earn below N100,000 per annum. It said the figure represented 48.9 percent of persons living in poverty in the country. It made the declarations at the launch of a report entitled: “The Ignored Pandemic: How Corruption in the Health, Education and Water Sectors […]Read More
South Africa’s nuclear energy industry dates back to the mid-1940s when the predecessor organisation to the Atomic Energy Corporation (AEC) was formed. Years passed and the commitment to nuclear energy slowed, as the world championed renewable energy. Now 31 years later, the Department of Mineral Resources and Energy has announced its plans to revive its […]Read More
According to the National Bureau of Statistics, the manufacturing sector recorded a total output of N12.2tn in the first half of the year. Data obtained from the Gross Domestic Product report show that aggregate manufacturing output in the first and second quarters stood at N6.1tn each. The total output of N12.2tn for H1 2021 represents […]Read More
Bloomberg reports that the unemployment rate in South Africa has surged to the highest on a global list with 82 countries. According to Statistics South Africa, the unemployment rate rose from 34.4% to 44.4% in the second quarter of the year. In the first three months through March, the unemployment rate was 32.6%. Due to […]Read More
According to a recent report published by Bloomberg, Nigeria has the third highest unemployment rate at 33.3 percent among a list of 82 countries. Nigeria comes behind South Africa which has the highest rate and Namibia. According to the report, South Africa’s unemployment rate rose to 34.4 percent in the second quarter from 32.6 percent. […]Read More
The Central bank of Nigeria has recorded a shortfall of N378.5 billion in loan repayment by beneficiaries under the Anchor Borrower’s programme in six years. The data obtained from the findings of the apex bank have shown that between November 2015– when the ABP scheme was introduced and November 2020, the CBN executed a total […]Read More
According to the latest data from the National Bureau of Statistics, the average price of refilling a cooking gas and prices paid per liter by consumers of kerosene has increased in the month of July. NBS stated this in its “Liquefied Petroleum Gas (cooking gas) and National Household Kerosene Price Watch (July 2021). The average […]Read More
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