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National Bureau of Statistics Inflation rate rose by 12.40 percent in May 2020, up by 0.06 percent points higher than the 12.34 percent recorded in April 2020. The consumer price index, (CPI) which measures inflation, released Wednesday by the National Bureau of Statistics (NBS), showed that price increases were recorded in all divisions that yielded […]

Former Vice President, Alhaji Atiku Abubakar, has again flayed President Muhammadu Buhari’s government for the nation’s debt stock, saying the future looks bleak for the country and its citizens. In a statement entitled “Nigeria in Financial Crisis: Robbing our children to pay for our greed,” Atiku, yesterday, decried the nation’s debt-to-revenue ratio, adding that unless […]

The Nigeria Employers’ Consultative Association (NECA) and the two central labour organisations, Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) have signed a Memorandum of Understanding aimed at protecting jobs, boost productivity and enhance workers’ occupational health and safety. At the brief signing ceremony in Abuja, NLC President, Ayuba Wabba, said the […]

The Lagos Chamber of Commerce and Industry says the worsening poverty in the country posed a great deal of risk to Nigeria’s democratic process and security. Nigeria’s Gross Domestic Product, Foreign Direct Investment, foreign exchange rate, and lending rate, among others, were all weak between 2015 and 2019, the chamber said on Sunday in its […]

Despite price recovery recorded last week in the international oil market, the Federal Government’s revised 2020 budget revenue stream would suffer significant pressures. This is because Nigeria will have to bear OPEC cut penalty of over 500,000 barrels per day (bpd), while production cost cutbacks has failed to materialize. Consequently, the Finance Ministry and the […]

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