Recession

Nigeria Economic Recession may have bottomed out – NBS Data

The recently released data from the National Bureau of Statistics reflect the slow-down in the economy for most of 2016 but also show that the recession may have bottomed out…

 
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Recession

Recession deepens, oil output falls worsen dollar shortage – NBS

Nigeria’s recession deepened in the third quarter and oil production fell, the National Bureau of Statistics (NBS) said on Monday, as a dollar shortage kept Africa’s biggest economy in a…

 
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Yemi Kalew,Statistician-General of the Federation

NBS needs N1.2bn for Multiple Indicator Cluster Survey 5

The National Bureau of Statistics (NBS) says it needs N1.2 billion to conduct Multiple Indicator Cluster Survey (MICS 5) scheduled to start on Wednesday nationwide. The Statistician-General, Dr Yemi Kale,…

 
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Nigeria Exports increased 63 percent to 1.9 trillion Naira after Devaluation

Nigeria’s trade deficit narrowed in the second quarter as the value of exports from Africa’s most populous nation surged after a devaluation of the naira. The trade deficit narrowed by…

 
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