Tag Archives: Rate

Nigeria’s Inflation Sees Biggest Monthly Jump In 2020 As Rate Hits 13.22%

The National Bureau of Statistics (NBS) has revealed that the country’s inflation rate recorded its highest increase so far this year with 13.22 per cent in August and making it the highest since April 2018. The statistics office’s data in its latest consumer price index report shared on Tuesday, noted that, “the consumer price index, which measures inflation increased…

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National Bureau Of Statistics Says Nigeria’s Jobless Rate Has Increased To 27.1%

After a 20-month interval, the National Bureau of Statistics has finally released data on the nation’s jobless rate, stating the figure rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018. In a ‘Labor Force Statistics: Unemployment and Underemployment Report’ released by NBS on Friday, the governmental agency said underemployment rate…

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The North Holds 87% Of Nigeria’s Poverty Rate — World Bank

The World Bank has estimated that 87% of all the poor people in Nigeria are in the north, the Cable reports. In a report titled, ‘Advancing social protection in a dynamic Nigeria’, the Bretton Wood institution said the south-south zone recorded the most significant drop in poverty between 2011 and 2016. Comparing Nigeria to the…

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