Average price per litre of kerosene increases in November – NBS

The average price per litre paid by consumers for National Household Kerosene increased to N353.38 in November from N352.93 in October, the National Bureau of Statistics (NBS) says. The Bureau made this known in its “National Household Kerosene Price Watch (November 2020)’’ obtained from its website on Thursday in Abuja. According to NBS, the increase... Continue Reading →

Nigeria: Another Lockdown Is Not Welcome

WE are on the same page with President Muhammadu Buhari who, in a recent tweet, warned that the Nigerian economy is too fragile to contemplate another lockdown due to the coronavirus pandemic. The president had sent the tweet on October 29, 2020. The Presidential Task Force on COVID-19 led by the Secretary to the Government... Continue Reading →

Nigeria enters worst recession in decades

Nigeria has entered recession again, the worst economic decline in almost four decades. In June, the World Bank warned that the collapse in oil prices and the COVID-19 pandemic could dip the Nigerian economy into the worst situation since the 1980s. The Gross Domestic Product (GDP) of Africa’s most populous country has now contracted by -2.48%. The... Continue Reading →

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