The National Bureau of Statistics (NBS) had said Nigeria’s unemployment rate rose to 33.3 per cent in the final quarter of last year, indicating that 23.2 million or one in three working age Nigerians have no jobs or trade This is the highest unemployment rate in Nigeria in at least 13 years and the second-highest … Read more
The Nigerian Stock Exchange (NSE) on Friday moved 250.92 million shares valued at N2.79 billion in 3,746 deals in a negative trading. The volume of shares traded improved by 9.37 per cent when compared with 229.42 million shares worth N3.78 billion transacted in 4,016 on Thursday. An analysis of the activity chart shows that Union … Read more
In February 2021, prices for road transportation within and between states in Nigeria increased. According to the National Bureau of Statistics’ (NBS) transportation fare watch for February 2021, the average fare paid by commuters for bus trips within the city increased to N361.31 in February from N352.15 in January. This is a difference of 2.60 … Read more
kerosene price increases in February- NBS The National Bureau of Statistics (NBS) says the average price per litre paid by consumers for National Household Kerosene increased to N355.8 in February from N350.55 in January. The bureau said this in its “National Household Kerosene Price Watch (February 2021)’’ obtained from its website on Saturday in Abuja. … Read more
The National Bureau of Statistics (NBS) on Saturday said the average price for refilling five kilogrammes (5kg cylinder of Cooking Gas) increased to N2,018.91 in February from N1,949.02 in January. The bureau said this in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for February 2021 obtained from its website in Abuja. The NBS said … Read more
Vice President Yemi Osinbajo says the integration of artisanal and modular refinery operators into mainstream oil and gas sector will boost local content in the industry. Osinbajo’s spokesman, Laolu Akande, in a statement on Tuesday in Abuja, said the vice president spoke virtually at the National Summit on the Integration of Artisanal and Modular Refinery … Read more
A breakdown of the report shows that the total number of people with employment stood at 46.48 million while the underemployment rate was down by 20.6 percent at 15.91 million. Nigeria’s unemployment rate has increased from 27.1% to 33.3% in the fourth quarter of 2020. According to the Labour Statistics Report released by the National … Read more
The Kano State Government has donated an office building to the Kano/Jigawa branch of the Manufacturers Association of Nigeria (MAN). The Chief Press Secretary to the Governor, Mr Abba Anwar, disclosed this on Tuesday in a statement issued in Kano. Anwar said that Gov. Abdullahi Ganduje, while inaugurating the building on Zaria Road, restated his … Read more
Otunba Adeniyi Adebayo, the Minister of Industry, Trade and Investment, on Tuesday assured investors from the Netherlands that the Federal Government was addressing the issue of insecurity in the country. Adebayo gave this assurance during a visit to him by the Netherlands Ambassador to Nigeria, Amb. Harry Djik in Abuja. According to a statement by … Read more
The Federal Government said on Sunday that the African Continental Free Trade Area (AfCFTA) initiative would help to stem illegalities in the mining sector. The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, made the assertion while featuring at the News Agency of Nigeria (NAN) Forum in Abuja, Eko hot blog gathered. Speaking on … Read more
The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, has urged Bank CEOs and other stakeholders to work together to reset the Nigerian economy to achieve massive growth. Emefiele gave the advice at a one-day Special Summit on the Economy, organised by the Vanguard Newspaper in collaboration with CBN and Chief Executives … Read more
The NigerianRegulatory Commission (NERC) said it had deployed a total of 611,231 meters as of Jan. 31, 2021. The commission said that the deployment of the meters was done under the Meter Asset Provider (MAP) initiative in spite of the COVID-19 pandemic and other extraneous factors. NERC stated this in a “Consultation Paper on the … Read more
FAAC You May Also Like President Buhari Shares Good News To Nigerians The Federation Accounts Allocation Committee (FAAC) has shared N640.310 billion to the three tiers of government for January. Mr Hassan Dodo, the Director of Information, Ministry of Finance, Budget and National Planning, said this was made known in a communique issued at the … Read more
Investors Investors lose over N15.19 billion at the close of trading on the floor of the Nigeria Stock Exchange (NSE) on Wednesday. The equity capitalisation closed at N21.16 trillion, lower than the N21.18 trillion the market closed with on Tuesday. The All Share Index (ASI) dipped by 29.03 basis points to end trade at 40,465.32 … Read more
![NBS, Nigeria’s inflation rate, [JUST IN] Again, Nigeria’s Inflation Rate Rises To 17.33%](https://ekohotblog2.com/wp-content/uploads/2020/01/Inflation.jpg)
Experts Caution FG You May Also Like Nigeria’s Inflation Level Rises To 15.75 Percent – NBS As Nigeria’s headline inflation jumps to 16.47 per cent from 15.75 per cent, economic experts have implored the federal government and the Central Bank of Nigeria (CBN) to take drastic measures to check the rise. The experts who were … Read more
Okonjo-Iweala tasks Africa on e-commerce Dr Ngozi Okonjo-Iweala, the newly appointed Director-General, World Trade Organisation (WTO) has charged the African continent on the use of e-commerce and value addition processes to engender global competitiveness in world trading. Okonjo-Iweala gave the charge on Tuesday during a virtual interview session anchored by Lagos State Governor, Mr Babajide … Read more
AfDB The African Development Bank (AfDB) says Africa accounted for only six per cent of global energy demand, a little more than three per cent of electricity demand. Mr Kevin Kariuki, Vice President, Power, Energy and Green Growth of AfDB made the assertions at the second webinar series of the Africa Investment Roundtable (AIR) entitled: … Read more
Shares Similarly, the All-Share Index dipped 814.15 points or 1.96 per cent to close at 40,696.01 from 41,510.16 recorded on Tuesday. The bears continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N426 billion in about six hours of trading. Consequently, the market capitalisation which opened at N21.715 trillion … Read more
Debt management strategy The Federal Executive Council (FEC) has, at its meeting on Wednesday, approved a new Medium Term Debt Management Strategy (MTDS) for Nigeria, for the period 2020-2023, according to the official website of the Debt Management Office (DMO). DMO explained that the MTDS was a policy document that provided a guide to the … Read more
Brent has risen by more than 17 per cent since December 31, 2020, when it closed at $51.22 per barrel. The international oil benchmark, Brent crude, extended its rebound on Monday, hitting the $60 per barrel mark for the first since the extent of the COVID-19 pandemic became clear. The further rise in oil prices … Read more