OPINION/EDITORIAL

Unemployment Rate Flatters Due to New LFS Methodology

August 25, 2023/FBNQuest Research The National Bureau of Statistics (NBS) finally released the much-awaited Nigeria Labour Force Survey (NLS) report for Q4 ’22 and Q1 ’23. The new survey methodology aligns with international best practices as recommended by the International Labour Organisation (ILO). According to the report, the national unemployment […]

Another Marginal Decline in Mobile Subscriptions in June

August 25, 2023/CSL Research Based on new industry data from the Nigerian Communications Commission (NCC), Nigeria’s active mobile subscriptions declined marginally by 0.5% to 219.7 million in June 2023, compared to 220.9 million, recorded in May 2023. This indicates that the country’s mobile subscriptions database was down by 1.2 million […]

Total Crude Oil Production Comes in at 40.12mn Barrels in July 2023

August 24, 2023/CSL Research Despite significant increase in the oil rig count to 14 in Q1 2023 from 8 rigs in Q1 2022 based on the August 2023 monthly oil market report by the Organization of the Petroleum Exporting Countries and allies (OPEC+), the total crude oil production (crude oil […]