Economy

Federal Government Transfers Zungeru Hydroelectric Power Plant Operations to Penstock Limited

The Federal Government has officially handed over the operations of the Zungeru Hydroelectric Power Plant to Penstock Limited, marking a significant development in Nigeria's...

Federal Government Plans Biometric Gates Installation at International Airports

February 20, 2024. Azonuchechi Chukwu. The Federal Government is set to implement biometric clearance gates at Nigeria's international airports, with the installation expected to be completed...

Nigeria’s Unemployment Rate Rises to 5.0% in Q3 2023

The National Bureau of Statistics (NBS) has reported a rise in Nigeria's unemployment rate during the third quarter (Q3) of 2023, reaching 5.0 percent....

4.1% Nigeria’s working-age population engaged in subsistence agriculture

4.1% of the working-age population was engaged in subsistence agriculture during Q3 2023. The informal employment rate was 92.3%, slightly down from 92.7% in...

Nigeria’s Current Account Records Significant Improvement, Surges to USD 3.3 Billion Surplus in Q3 2023

In the latest Quarterly Statistical Bulletin (QSB) released by the Central Bank of Nigeria (CBN), Nigeria's current account exhibited a notable improvement, achieving a...

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