Nigeria Economy Exits Recession But Inflation Continue To Soar

LAGOS FEBRUARY 19TH (NEWSRANGERS)-Nigeria’s economy exited recession in the fourth quarter of 2020, recording its first growth in three quarters as coronavirus-linked lockdown was lifted across the country, the National Bureau of Statistics said in a report Thursday. The report said Gross Domestic Product (GDP) grew 0.11 per cent in the three months between October…

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Nigeria Inflation Rate Rose To 17-Month High As Food Prices Surge-NBS

LAGOS NVEMBER 19TH (NEWSRANGERS)-Nigeria’s Inflation Rate Rose To  17-month high in October as food prices surged. Consumer prices rose 11.6% from a year earlier compared with 11.2% in September, the Abuja-based National Bureau of Statistics said in a report published on its Twitter account Monday. That is the highest rate since May 2018 and exceeded…

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Buhari Instructs NBS To Amend Statistics On Unemployment Rate-Aide

LAGOS DECEMBER 18TH (NEWRANGERS)-President Muhammadu Buhari has ordered the Statistician-General of the National Bureau of Statistics, Dr. Yemi Kale, to change the high unemployment statistics and reflect the rising rate of employment in the agriculture sector. The Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, said this on Sunrise Daily,…

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