NBS Says Nigeria’s Unemployment Rate Rises To 27.1%

The National Bureau of Statistics has finally released data on the nation’s unemployment rate after an 20-month interval, saying the unemployment rate rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018. The NBS, in its ‘Labor Force Statistics: Unemployment and Underemployment Report’ released early Friday, said underemployment rate increased from 20.1 per cent in Q3 2018 to 28.6 per cent in Q2 2020. It said, “For the period under review, Q2 2020, the unemployment rate among young people (15-34…

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Nigeria Government To Auction N150bn Bonds At 12% In 7 Days

As part of capital raise to finance the 2020 budget, the Debt Management Office (DMO), will within in seven days’ time, offer a 10, 15, 25 and 30 year bond at 12.50 percent, 12.50 percent and 9.80 percent and 12.98 percent interest rates respectively.   This was contained in a document published on the Debt Management Office (DMO) website. It showed a breakdown of N150 billion bond that includes 10 year reopening N25bn bond which would mature in January 2026. The 15 year N40bn bond that would mature in March…

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FCTA RELEASES GUIDELINES ON EASING OF LOCKDOWN IN THE FCT

FCTA RELEASES GUIDELINES ON EASING OF LOCKDOWN IN THE FCT …TO VIGOROUSLY ENFORCE PARTIAL LOCKDOWN REGULATIONS …TELLS ALL WORKERS RESIDENT OUTSIDE THE FCT TO REMAIN WHERE THEY ARE FOR NOW The FCTA will enforce rigorously the guidelines regulating the easing of the lockdown in the FCT as part of measures to contain the spread of COVID-19 in the Territory. In his message to the residents of the FCT, announcing the new guidelines, the Honourable Minister, Malam Muhammad Musa Bello said that security agencies have been mandated to arrest and prosecute,…

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Crash In Global Oil Price: FG Slashes Fuel Pump Price To N125 Per Liter.

The Federal Government has ordered the NNPC to adjust the price of fuel to reflect global market realities. According to a briefing from the Federal Executive Council (FEC), the new pump price of petrol is now 125 naira. the minister of state for petroleum, Mr Timipre Sylva who briefed newsmen at the presidential villa noted that compliance by petroleum marketers is to be enforced by the NNPC and the PPPRA. ITV statehouse correspondent Ikharo Attah completes the reports the minister as saying The President ordered the price adjustment takes effect…

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Senate Investigates Deposit Banks Over Remittance Of Tax Revenues, Wants Police, VIO To Clamp Down On Rickety Trucks

The Senate has mandated its Committees on Banking, Insurance and Financial Institutions, and Finance to investigate withholding tax revenues on both bank deposits and dividends. This was part of resolutions reached at Tuesday’s Plenary session after consideration of a motion sponsored by Anambra Central Senator Uche Ekwunife. National assembly correspondent Osaruonamen Ibizugbe reports… Spread the love

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FG Seeks End To Social Vices Through Skills Acquisition Programme

The federal government has identified youths skills acquisition programmes as viable means of reducing the menace of drug abuse, kidnapping and banditry. The secretary to the government of the federation, Boss Mustapha said this at the closing ceremony Of the 2019 National industrial skills development programme in Abuja. John Terna reports the director general of ITF as seeking collaboration of private sector, non-governmental organisation, religious organisations and politicians in reducing unemployment through skills impartation on youths. Spread the love

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Be Conscious Of Your Data Privacy…Pantami

Nigerians have been advised to make a conscious effort in guarding their data to avoid online hackers. This was the take-home from the opening ceremony of the national data privacy week in Abuja Tuesday. Communication correspondent Oluwatoyin Yusuf reports the minister of communications and digital economy as saying organization who abuse data privacy will be punished under the law.   Spread the love

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FG Destroys Pirated, Uncensored CDs Worth N50m,Tasks Stakeholders To Follow Due Process

The National Film and Video Censors Board has destroyed pirated, pornographic and other unapproved films and video works valued at not less than N50million both in Kaduna and kano states. The executive director of the board, Adedayo Thomas disclosed the estimated value at the burning exercise in Kaduna. Correspondent Oluwatoyin Yusuf who was at the exercise reports the Executive Director as saying the exercise is to serve as deterrent to others. Spread the love

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Goods Worth Millions Of Naira Destroyed As Fire Razes Popular Ekiosa In Benin

Osa market popularly known as Ekiosa between Second and Third East Circular Road by Sokponba axis, Benin City has been razed by fire. ITV Benin Correspondent Ikponmwosa Ugiagbe who was at the scene of the fire incident reports that goods worth over millions of naira were lost to the fire. www.itvabuja.tv www.youtube.com/itvabujang www.facebook.com/itvabujang Twitter:@itv_abuja Instagram:@itv_abuja Spread the love

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