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    Latest Posts

    New naira: Tinubu hails govs over Supreme Court ruling

    The presidential candidate of All Progressives Congress, Bola Tinubu, has hailed governors in the 36 states of the federation for defending the masses over...

    New naira: IMF advises CBN to extend February 10 deadline

    The International Monetary Fund, on Wednesday, counselled the Central Bank of Nigeria to extend the February 10 deadline for swapping old naira notes with...

    ‘Grammy nominee wey dey live for trenches’ – Peter Okoye blasts Seun Kuti for comments about Peter Obi

    More Nigerian celebrity drama as musicians Seun Kuti and Peter Okoye, a.k.a. Mr. P, slammed each other on social media. The issue started when Kuti...

    Supreme Court stops old naira notes deadline implementation

    The Supreme Court on Wednesday temporarily halted the move by the Federal Government through the Central Bank of Nigeria to ban the use of...

    23.2 million Nigerians are jobless as unemployment rate hits 33.3%

    A total of 23,187,389 million Nigerians are willing to work but cannot find work as of December 2020, according to the National Bureau of Statistics (NBS).

    The Labour Force Statistics report published by the agency on Monday, March 15, 2021 revealed that the unemployment rate jumped from 27.1% in Q2 2020 to 33.3% in Q4 2020.

    Of the 69.7 million people in the labour force, only 46.5 million people were employed at the time of the survey.

    Of the 46.5 million employed, 30.6 million were fully employed, meaning they worked more than 40 hours a week, while 15.9 million people were underemployed, meaning they worked between 20 and 29 hours a week.

    Unemployment rate rose highest among young people between the ages of 15 and 35 years from 34.9% in June 2020 to 42.5% in December 2020.

    Imo State recorded the highest rate of unemployment at 56.6%, while Osun recorded the lowest with 11.7%.

    Benue recorded the highest rate of underemployment with 43.5%, while Lagos recorded the lowest rate with 4.5%.
    Source: Pulse Nigeria

    Latest Posts

    New naira: Tinubu hails govs over Supreme Court ruling

    The presidential candidate of All Progressives Congress, Bola Tinubu, has hailed governors in the 36 states of the federation for defending the masses over...

    New naira: IMF advises CBN to extend February 10 deadline

    The International Monetary Fund, on Wednesday, counselled the Central Bank of Nigeria to extend the February 10 deadline for swapping old naira notes with...

    ‘Grammy nominee wey dey live for trenches’ – Peter Okoye blasts Seun Kuti for comments about Peter Obi

    More Nigerian celebrity drama as musicians Seun Kuti and Peter Okoye, a.k.a. Mr. P, slammed each other on social media. The issue started when Kuti...

    Supreme Court stops old naira notes deadline implementation

    The Supreme Court on Wednesday temporarily halted the move by the Federal Government through the Central Bank of Nigeria to ban the use of...

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