Adeniran: New 4.1% Unemployment Rate Based On New Methodology, Not Economic Phenomenon
The NBS CEO stated said persons above the age of 64 will now be considered in the labour force.
The NBS CEO stated said persons above the age of 64 will now be considered in the labour force.
Tinubu affirmed the importance of gas not just as a transition fuel but also as the fuel for the future and sai gas sector would get priority attention in his administration.
Subair noted that the use of technology helped the agency in optimising its operations while also enhancing revenue generation for the state.
Analysts faulting the methodology, argued that it could mislead the governments, policymakers and other users of the NBS figures.
They said leveraging digital connectivity, providing high-quality tech education and fostering a supportive community will open up job market opportunities.
They argued that they are not supported by the increasing unemployment in Nigeria since the last report in 2020 which reported 33.3% rate.
Also, the highest spot rate of the day was pegged at N799.9/$1 while its lowest exchange was N738/$1.
“We also read the JP Morgan numbers in-house and we didn’t panic over that. That’s not the first time we are seeing people, institutions reeling out numbers; they must have their intentions to do that.”
He urged Aviation Minister Festus Keyamo to rid the sector of “speculators”.
He asked for policies to be put in place to stop the dollar from being used as a legal tender.
This is a N59 billion increase from the N907 billion that was distributed in June.
“When you’re consuming and you’re devaluing, you’re only digging your own grave.”
The Chief Judge of the Federal High Court, Justice John Tsoho, has reversed the decision to transfer the suit filed by the Airline Operators of Nigeria (AON) against Nigeria Air
“Thus, in our view, continuing on the reform path would be imperative to allay concerns on the external side.”
The move towards the unification of the bank started in 2020 as part of a peace progress attempt.
It is expected to herald a weekly occurrence of 600 tons of tiles to Onitsha and 600 tons of clay back to Ajaokuta.
“A whooping debt service-to-revenue ratio of over 100 percent may spell doom for the new administration.”
A former president, Carpet Manufacturers Association of Nigeria, said over 30 textile companies in Nigeria have closed shop, and 60, 000 have lost their jobs.
The CBN called for enhanced collaboration to stem the tide, and also released fresh guidelines for forex sale by BDCs.
This will be through enhanced trans-border trade with neighbouring countries of Cameroon, Chad and Niger Republic.
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