On Tuesday, the National Bureau of Statistics gave a lot of Nigerians the news they desperately wished to hear – Nigeria is out of recession. After five consecutive quarters of negative GDP growth that started in Q1 2016, Nigeria’s economy Read more
Nigeria officially out of a recession for the first time since 2016, as GDP grows 0.55% in Quarter 2 of 2017, for the first time in 5 quarters. The worst recession to ever hit the country. This information was released Read more
The National Bureau of Statistics (NBS) has said government officials received an estimated N400bn in bribes within a year. The bureau made this known in its National Corruption Report released on Wednesday. A survey carried out in collaboration with the UN office Read more
While latest indicators have shown that the nation’s inflation rate is easing, there are divided sentiments on the reality of the claims as food and other household items remain steadily high, despite various interventions by the government. According to the Read more
The National Bureau of Statistics (NBS) said Nigeria’s power stations generated 3, 687 Megawatts of electricity in first quarter of 2017. The NBS stated this in “Daily Energy Generated and Sent Out for 1st quarter 2017’’ report posted on its Read more
After a few quarters of negative growth that saw the death of businesses, the Nigerian economy is out of recession, but “conditions remain difficult for businesses,” World Economics said Tuesday. World Economics is a London-based organisation dedicated to producing financial Read more
The National Bureau of Statistics (NBS) on Thursday stated that the inflation rate dropped by 0.52 percent in March to close at 17.26 percent, the second decline recorded in two months. The first decline was recorded in February when inflation Read more