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15% Businesses Expanded Using Tech Despite COVID-19
A report released by the National Bureau of Statistics (NBS) has revealed that 15 percent of businesses expanded their operations during the COVID-19 pandemic while incorporating technology to conduct business. The report titled: “The Impact of COVID-19 on Business Enterprises in Nigeria,” was launched by NBS in partnership with the United Nations Development Programme (UNDP).…
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Nigeria Records N817.35b Trade In Agric products
The Federal Government has recorded N817.35 billion trade in agricultural goods in the second quarter 2021. A document, which was obtained from the National Bureau of Statistics Foreign Trade Statistics — Q2 2021, said there was N165.27 billion from export of agricultural goods while the import component of the trade N652.08 billion. On its agricultural…
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62% Of Enterprises Use Mobile Banking
The National Bureau of Statistics has said, in its report titled ‘The impact of COVID-19 on business enterprises in Nigeria’, that 62 percent of enterprises use mobile banking for their business operations. The report said, “While 90 percent of enterprises use phones in their daily operations, the level of adoption of other forms of technology…
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Twentyten Daily Weekly Round Up
Hello Twentyten Daily Readers Below is a roundup of last week’s stories, we reported how between March and August, Nigeria received a total of 9,916,320 doses of Covid-19 vaccines. Within this period, Nigeria received four types of vaccine; Oxford-AstraZeneca, Mordena Vaccine, Johnson and Johnson and Covishield COVID-19 Vaccine. A total of 5,338,640 doses of Oxford-AstraZeneca…
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Insurance Sector Records 16.41% Growth In Q2
The National Bureau of Statistics has said the insurance sector grew by 16.41 percent in the second quarter of the 2021. According to the second quarter performance for the finance and insurance sector, the figures, the insurance sector which contracted by 2.08 percent in Q1, 2021; 12.05 per cent in Q4, 2020; 16.54 percent in…
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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…
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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…
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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…
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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…
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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…