Tag: NBS

Food Prices Surge As Nigerian Inflation Jumps to 15.92% in March

Efe Wellington

Price of diesel, which is used to power generators by most businesses in Nigeria, has skyrocketed, hitting more than double of its value in the past month   Nigeria’s double-digit inflation quickened to 15.92% in March, rising for a second straight month as prices for food and non-food items rose in Africa’s biggest economy, the statistics office said on Friday. Inflation, which has been in double digits since 2016, rose from 15.70% in February, it said. READ ALSO: Eni Lifts Force Majeure, Ends 50m scuf Gas Loss on Nigeria’s Okaka…

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Nigeria Suffers 9.2m Barrels Crude Oil Production Deficit in 3 Months

ADESUPO OSOSANYA

Country’s Q3 oil output dipped to 1.57 milli9n barrels   Nigeria, Africa’s biggest crude exporter, has suffered a production deficit of 9.2 million barrels in the third quarter of 2021. The country recorded an avarage daily crude oil Production of 1.57 million in the three months of July, August and September compared to 1.67 million barrels daily production in the previous quarter. Checks by Platforms Africa show that this daily deficit of 100,000 barrels amounts to 9.2 million barrels in the 92 days that made up the three months. “The…

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Nigeria’s sachet water, food prices skyrocket 100% as citizens fortunes dip

Damilola Olonade

  Here, in this Platforms Africa Special report, is state-by-state food inflation rate in Nigeria + how inflation in  Africa’s biggest economy reached 18.12 per cent in April   The prices of food and water, including the sachet water, are going far beyond the reach of the poor, indicating the dwindling inflation state of the Africa’s biggest economy. Data compiled by Platforms Africa showed that the prices of bottled water and sachet water popularly called pure water by Nigerians have skyrocketed by 100 per cent. While the bottled water, which…

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23.18m Nigerians Jobless, Unemployment Rate Hits 33.3%

Aliyu Aliyu

  23.18 million Nigerians are jobless as the unemployment rate rose from 27.1 per cent in the second quarter of 2020 to 33.3 per cent in the fourth quarter of 2020. The latest figures from the National Bureau of Statistics, whiich revealed this, added that underemployment rate decreased from 28.6 per cent to 22.8 per cent. The NBS report on ‘Labour force Statistics: Unemployment and underemployment report- Abridged labour force survey under COVID-19 (Q4, 2020) was released on Monday. The 33 per cent, the report showed, translates to 23.19 million…

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