Nigerian Bureau of Statistics

Nigeria Forex Crisis and Unfinished Naira-Yuan Swap Deal

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Barely five months after a currency swap deal between Nigeria and China was enmeshed in controversy, the country’s import profile from the Far-East Asian nation has remained high and intermediated by the dollar. While government denied striking such deal, the earlier move was widely celebrated as a panacea to unending huge dollar demand and pressure … Read more

Economy Downturn: Resign

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The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari to resign for “destroying” Nigeria’s economy. Deji Adeyanju, PDP new media director, said this in a statement. Reacting to the figures of unemployed Nigerians and that of the rate of inflation in the country released by the Nigeria Bureau of Statistics (NBS) on Wednesday, Adeyanju … Read more