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Business Nigeria: More Trouble As Economy Shrinks 2.24% in Q3
More headache for President Muhammadu Buhari-led federal government as Nigerian economy continued to languish in recession in the third quarter as its shrank 2.24 per cent compared to the same three months in 2015. This was a further deterioration on the 2.06 per cent contraction in the second...- ProfRem
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Business Nigeria: Oil Marketers Increase Price of Kerosene By 52%
Oil marketers across the country have refused to abide by the N150 per litre price for household kerosene as approved by the Nigerian National Petroleum Corporation. The NNPC had on several occasions stated that marketers should dispense kerosene at N150 per litre to their various customers but...- ProfRem
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Business National Bureau of Statistics Is Broke, GDP Data Delayed [Nairametrics]
As Nigerians and international communities are waiting for Nigeria’s second quarter GDP data, Nairametrics has gathered that the Bureau lacks cash to mobilize operatives to help collected the data required to conduct GDP data. According to Nairametrics, the Bureau has not been funded since...- ProfRem
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Business Nigeria: See February 2016 Inflation Rate in Infographics
Nigeria's annual consumer inflation rate in February rose to 11.4 percent, 176 basis points higher than in January, to near a three-and-a-half year high, data from the National Bureau of Statistics (NBS) revealed. Food prices, which account for the bulk of the inflation basket, climbed by 11.3...- ProfRem
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