Tags : NBS

20% Full-Time Workers Lost Their Jobs In 2020

  A report has revealed that twenty percent of the full-time workforce in Nigeria lost employment during the effect COVID-19 pandemic in 2020. This was revealed in a report titled: “The Impact of COVID-19 on Business Enterprises in Nigeria”, released on Tuesday by the United Nations Development Programme (UNDP) and the National Bureau of Statistics […]Read More

Seven Banks Paid N231.99bn As Salaries In 2020

After analyzing data banks 2020 annual reports, a total of eight Nigerian banks paid N231.99 billion in wages and salaries in 2020. This is N1.92 billion less than what they paid in 2019.  Of the banks under review Zenith Bank paid the highest in wages in 2020 (N52.49bn) while Wema bank paid the least in […]Read More

Petrol, Kerosene Prices Rose In August

Reports from the National Bureau of Statistics have revealed that the Premium Motor Spirit, Household Kerosene Price increased year-on-year in August. The Price Watch report for August 2021 by the NBS disclosed that the average price per litre paid by consumers for kerosene increased by 0.67 percent month-on-month and by 15.43 percent year-on-year to N400.01 […]Read More

Inflation Rate Drops For Fifth Consecutive Month

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

Nigeria Suffers N5.8tn Shortfall In Non-Oil Export

Data from the National Bureau of Statistics have shown that between December 2017 to December 2020, Nigeria has generated a total sum of N6.5 trillion from non-oil exports. This sum is N5.8 trillion lower than its N12.3tn ($30bn) target set by the Federal Government under its zero-oil plan. In 2016, the Nigerian Promotion Council conceived […]Read More

Nigeria Records N1.8 trn Trade Deficit In Q2’21

The National Bureau of Statistics has said that Nigeria recorded a trade deficit of N1.8 trillion in the second quarter of the year. This is coming despite the foreign trade rose by 23 percent to N12 trillion from N9.8 trillion in Q1’21. The bureau disclosed this in its Foreign Trade in Goods Statistics Report for […]Read More

Railway Services Generate N2.1bn Revenue In 6 Months

Between the first and second quarters of 2021, the Nigerian Railway Corporation has generated N2.1 billion as revenue from passengers and cargo. The National Bureau of Statistics stated this in its latest report, titled: “Rail Transportation Data Q2.” According to the report, NRC generated N1.08 billion from passengers in Q2 2021 against N892.47 million in […]Read More

Manufacturing Sector Records N12.2tn In 6 Months

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

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INFOGRAPHICS: How GDP Rose In Three Months

The National Bureau of Statistics in its GDP Report for the second quarter of 2021 published that Nigeria’s Gross Domestic Product grew by 5.01 percent in the three month. According to the report, the 5.01 percent marks three consecutive quarters of growth following the negative growth rates recorded in the second and third quarters of […]Read More

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INFOGRAPHICS: How Capital Importation Fell In Three Months

The National Bureau of Statistics reported that the total value of capital importation into Nigeria fell to $875.62 million in the second quarter of 2021. Between January to March of the same year, Nigeria had a capital importation of $1.91 billion. The bureau stated that this represented a decrease of 54.06 percent compared to Q1 […]Read More