NIGERIAN Investment Promotion Commission (NIPC) officials are optimistic that a total of $8.41bn was invested into the economy during the first quarter of the year in a move that will eventually create jobs and reduce unemployment.
Reeling from the effects of the global coronavirus pandemic, Nigeria currently has about...
NIGERIA'S federal government has commenced plans to educate over 10m out-of-school children in different parts of the country under the Alternate School Programme (ASP) aimed at eradicating illiteracy.
At the moment, Nigeria has the highest number of out-of-school children in the world, which has spiralled a crime wave...
NIGERIA now has a total of 23.23m people out of work giving the country the second highest unemployment rate in the world according to recent data just published by the National Bureau of Statistics (NBS).
According to the NBS, the jobless rate in Nigeria rose to 33.3% in the three months of this year, up from 27.1% in the...
NIGERIA'S minister for humanitarian affairs and social development Sadiya Farouq has warned that the coronavirus pandemic could drag another 10m people into extreme poverty by the end of 2021.
Currently, Nigeria is the poverty capital of the world as she has about 83m people living on less than the World Bank's global...
OVER two thirds of Nigeria's 36 states did not attract one dollar in foreign direct investment (FDI) during the course of 2020 as a new National Bureau of Statistics (NBS) survey shows that 26 of them were investment-free zones during the year.
A mono-economy wholly dependent on the sale of crude oil for her survival,...
NIGERIA suffered from a 50% drop in foreign direct investment (FDI) during the course of 2020 as capital inflows plummeted to a meagre $9.68bn representing a four year low according to figures just published by the National Bureau of Statistics (NBS).
Due to the debilitating effects of the coronavirus pandemic, global...
NIGERIA has entered into her worst recession in four decades as the economic fallout from the coronavirus pandemic looks set to decimate the economy in a devastating manner last witnessed in the 1980s when oil prices collapsed.
Being a mono-economy, over 90% of Nigerian government revenue comes from the sale of crude oil and...
NIGERIA is facing the prospect of unprecedented inflation in 2020 as the combination of devastating floods and reduced farm output as a result of the Covid-19 pandemic which has limited economic activity looks set to make food prices spiral out of control.
With global economic output down as a result of the coronavirus...
NIGERIA'S inflation rate rose to 13.7% during the course of September bringing it up to its highest level since March 2018 when rates reached a record high of 13.34% mainly as a result of reduced productivity brought about by the Covid-19 pandemic.
According to figures just released by the National Bureau of Statistics...
NIGERIA'S gross domestic product (GDP) fell by 6.1% during the second quarter of 2020 as a result of the lockdown brought about by the coronavirus pandemic according to statistics just released by the National Bureau of Statistics (NBS).
Although Nigeria did not suffered the worst of the pandemic medically, the country's...
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