Featured

Jubilation and Despair as South Korea President Removed from Office.

South Korea was gripped by a wave of mixed...

Nigeria, UNIDO Sign $174.6m Industrial Development Partnership.

The Federal Government of Nigeria has signed a landmark...

CBN Refutes New N5,000, N10,000 Banknotes Report.

The Central Bank of Nigeria (CBN) has officially denied...

Six Nigerians Named in Forbes’ 2025 World’s Black Billionaires List.

Forbes has released its 2025 list of the world’s...

Umahi Reopens Independence Bridge in Lagos, Promises Lasting Repairs.

Minister of Works, Dave Umahi, has officially reopened the...

Music

Reekado Banks hints at exposing ‘demonic’ industry players frustrating artistes

In the glitzy, high-energy world of Nigeria's music industry,...

Headies reschedules upcoming 17th edition due to unforeseen circumstances

The Headies Academy has announced a change in the...

Tems, J Cole, and Lil Wayne to Light Up Final Dreamville Festival in 2025

The 2025 Dreamville Festival is set to be an...

Timi Dakolo Reacts Amid Pastor Lazarus’ Comment on Gospel Singers

The intersection of faith and finance has always been...

How Nigerian Artists Earned ₦58 Billion on Spotify in 2024

Nigerian music has firmly established itself on the global...

Politics

Jubilation and Despair as South Korea President Removed from Office.

South Korea was gripped by a wave of mixed...

Umahi Reopens Independence Bridge in Lagos, Promises Lasting Repairs.

Minister of Works, Dave Umahi, has officially reopened the...

Nigerian President Sacks Board of State Oil Company

In a bold decision that has sent ripples through...

Reps Indict Hajj Commission Over N90bn Subsidy Mismanagement.

The House of Representatives has accused the National Hajj...

Tinubu Sacks NNPCL Boss Kyari, Appoints Ojulari as Replacement.

President Bola Tinubu has made sweeping changes to the...

Lifestyle

Enugu Declares Malaria Treatment Free in State Hospitals.

The government of Enugu State has announced that malaria...

Hidden Tricks That Every PC Does But Nobody Tells You [VIDEO]

Discover the secret tricks every PC possesses but few...

Secret Filming Reveals Brazen Tactics of UK Immigration Scammers.

Recent undercover investigations have exposed the alarming tactics used...

Davido covers Rolling Stone Africa magazine

Davido, the Afrobeats sensation, continues to break boundaries in...

Nigerian boxer Olanrewaju dies after collapsing in Ghana fight

Segun 'Success' Olanrewaju, a celebrated figure in Nigerian and...

Business

Nigeria, UNIDO Sign $174.6m Industrial Development Partnership.

The Federal Government of Nigeria has signed a landmark...

CBN Refutes New N5,000, N10,000 Banknotes Report.

The Central Bank of Nigeria (CBN) has officially denied...

Six Nigerians Named in Forbes’ 2025 World’s Black Billionaires List.

Forbes has released its 2025 list of the world’s...

EU Vows Retaliation Against Potential Trump Tariffs.

The European Union has declared it will take swift...

Trump slams 14% tariff on Nigerian exports

The recent announcement by U.S. President Donald Trump regarding...

Health

Enugu Declares Malaria Treatment Free in State Hospitals.

The government of Enugu State has announced that malaria...

Nigerian boxer Olanrewaju dies after collapsing in Ghana fight

Segun 'Success' Olanrewaju, a celebrated figure in Nigerian and...

First Lady Urges Nigerians to Take TB Seriously.

Nigeria’s First Lady, Senator Oluremi Tinubu, marked World Tuberculosis...

Abuja Tanker Explosion: Death Toll Rises to 10.

The death toll from the tanker explosion in Abuja...

Death Toll Rises to 56 as Meningitis Hits Kebbi.

An outbreak of meningitis in Kebbi State has claimed...

Popular

Police Swarm Hong Kong As Lawmakers Prepare To Debate Insult Ban

Hong Kong police ramped up security around the city’s...

Police Training Is Colonial, Completely Primitive – Falana

Human rights lawyer Femi Falana, SAN, on Wednesday carried...

Schwarzenegger, Maria Shriver Finalise Divorce After 10-Year Separation.

Hollywood action star, Arnold Schwarzenegger and estranged wife Maria...

Christmas: COVID-19 alters lifestyle of Nigerians in U.S. – Official

The Nigerian Diaspora Movement (NDM) said the COVID-19 pandemic...

CRIMEREVEALED! How Inspector Ola Escaped The Kogi Bank Robbery That Left 8 Other Officers Dead

Remember on Thursday last week, there was a heavy...

Latest News

Jubilation and Despair as South Korea President Removed from Office.

South Korea was gripped by a wave of mixed...

Nigeria, UNIDO Sign $174.6m Industrial Development Partnership.

The Federal Government of Nigeria has signed a landmark...

CBN Refutes New N5,000, N10,000 Banknotes Report.

The Central Bank of Nigeria (CBN) has officially denied...

Six Nigerians Named in Forbes’ 2025 World’s Black Billionaires List.

Forbes has released its 2025 list of the world’s...

Umahi Reopens Independence Bridge in Lagos, Promises Lasting Repairs.

Minister of Works, Dave Umahi, has officially reopened the...

Tech

Hidden Tricks That Every PC Does But Nobody Tells You [VIDEO]

Discover the secret tricks every PC possesses but few...

UNILAG Launches Lagos Spring School For Young Professionals

In the ever-evolving world we live in, resilience is...

Elon Musk to Sue Former U.S. Rep. Jamaal Bowman Over ‘Nazi’ Remark.

Elon Musk has announced his intention to sue former...

NAFDAC Launches Technology to Combat Counterfeit Drugs in Nigeria.

NAFDAC (National Agency for Food and Drug Administration and...

UNILAG Student Develops Text-To-Speech AI with Nigerian Accent.

A final-year Mechanical Engineering student at the University of...

Quick Info

Featured

Jubilation and Despair as South Korea President Removed from Office.

South Korea was gripped by a wave of mixed...

Nigeria, UNIDO Sign $174.6m Industrial Development Partnership.

The Federal Government of Nigeria has signed a landmark...

CBN Refutes New N5,000, N10,000 Banknotes Report.

The Central Bank of Nigeria (CBN) has officially denied...

Six Nigerians Named in Forbes’ 2025 World’s Black Billionaires List.

Forbes has released its 2025 list of the world’s...

Umahi Reopens Independence Bridge in Lagos, Promises Lasting Repairs.

Minister of Works, Dave Umahi, has officially reopened the...

Music

Reekado Banks hints at exposing ‘demonic’ industry players frustrating artistes

In the glitzy, high-energy world of Nigeria's music industry,...

Headies reschedules upcoming 17th edition due to unforeseen circumstances

The Headies Academy has announced a change in the...

Tems, J Cole, and Lil Wayne to Light Up Final Dreamville Festival in 2025

The 2025 Dreamville Festival is set to be an...

Timi Dakolo Reacts Amid Pastor Lazarus’ Comment on Gospel Singers

The intersection of faith and finance has always been...

How Nigerian Artists Earned ₦58 Billion on Spotify in 2024

Nigerian music has firmly established itself on the global...

Politics

Jubilation and Despair as South Korea President Removed from Office.

South Korea was gripped by a wave of mixed...

Umahi Reopens Independence Bridge in Lagos, Promises Lasting Repairs.

Minister of Works, Dave Umahi, has officially reopened the...

Nigerian President Sacks Board of State Oil Company

In a bold decision that has sent ripples through...

Reps Indict Hajj Commission Over N90bn Subsidy Mismanagement.

The House of Representatives has accused the National Hajj...

Tinubu Sacks NNPCL Boss Kyari, Appoints Ojulari as Replacement.

President Bola Tinubu has made sweeping changes to the...

Lifestyle

Enugu Declares Malaria Treatment Free in State Hospitals.

The government of Enugu State has announced that malaria...

Hidden Tricks That Every PC Does But Nobody Tells You [VIDEO]

Discover the secret tricks every PC possesses but few...

Secret Filming Reveals Brazen Tactics of UK Immigration Scammers.

Recent undercover investigations have exposed the alarming tactics used...

Davido covers Rolling Stone Africa magazine

Davido, the Afrobeats sensation, continues to break boundaries in...

Nigerian boxer Olanrewaju dies after collapsing in Ghana fight

Segun 'Success' Olanrewaju, a celebrated figure in Nigerian and...

Business

Nigeria, UNIDO Sign $174.6m Industrial Development Partnership.

The Federal Government of Nigeria has signed a landmark...

CBN Refutes New N5,000, N10,000 Banknotes Report.

The Central Bank of Nigeria (CBN) has officially denied...

Six Nigerians Named in Forbes’ 2025 World’s Black Billionaires List.

Forbes has released its 2025 list of the world’s...

EU Vows Retaliation Against Potential Trump Tariffs.

The European Union has declared it will take swift...

Trump slams 14% tariff on Nigerian exports

The recent announcement by U.S. President Donald Trump regarding...

Health

Enugu Declares Malaria Treatment Free in State Hospitals.

The government of Enugu State has announced that malaria...

Nigerian boxer Olanrewaju dies after collapsing in Ghana fight

Segun 'Success' Olanrewaju, a celebrated figure in Nigerian and...

First Lady Urges Nigerians to Take TB Seriously.

Nigeria’s First Lady, Senator Oluremi Tinubu, marked World Tuberculosis...

Abuja Tanker Explosion: Death Toll Rises to 10.

The death toll from the tanker explosion in Abuja...

Death Toll Rises to 56 as Meningitis Hits Kebbi.

An outbreak of meningitis in Kebbi State has claimed...

Popular

Yoruba Leaders Speak In Defense Of Their Own In The Military

Some Yoruba elders and Leaders condemn the court martial...

Super Eagles Fail To Score, Play Draw Again In Sierra Leone

Nigeria was unable to score as Sierra Leone held...

#EndSARS: Buhari Addresses Nigerians, Keeps Mum On Lekki Shootings

President Muhammadu Buhari has broken his silence on the...

BREAKING: Good news for Nigerians as fuel retail price drops nationwide

On February 10, 2025, MRS Oil Nigeria Plc announced...

Latest News

Jubilation and Despair as South Korea President Removed from Office.

South Korea was gripped by a wave of mixed...

Nigeria, UNIDO Sign $174.6m Industrial Development Partnership.

The Federal Government of Nigeria has signed a landmark...

CBN Refutes New N5,000, N10,000 Banknotes Report.

The Central Bank of Nigeria (CBN) has officially denied...

Six Nigerians Named in Forbes’ 2025 World’s Black Billionaires List.

Forbes has released its 2025 list of the world’s...

Umahi Reopens Independence Bridge in Lagos, Promises Lasting Repairs.

Minister of Works, Dave Umahi, has officially reopened the...

Tech

Hidden Tricks That Every PC Does But Nobody Tells You [VIDEO]

Discover the secret tricks every PC possesses but few...

UNILAG Launches Lagos Spring School For Young Professionals

In the ever-evolving world we live in, resilience is...

Elon Musk to Sue Former U.S. Rep. Jamaal Bowman Over ‘Nazi’ Remark.

Elon Musk has announced his intention to sue former...

NAFDAC Launches Technology to Combat Counterfeit Drugs in Nigeria.

NAFDAC (National Agency for Food and Drug Administration and...

UNILAG Student Develops Text-To-Speech AI with Nigerian Accent.

A final-year Mechanical Engineering student at the University of...

Quick Info

Subscribe to newsletter

Quick Links

Saturday, April 5, 2025

Top 5 This Week

Related Posts

NBS Reports Sharp Drop in Nigeria’s Unemployment Rate to 4.3%.

The National Bureau of Statistics (NBS) has reported that Nigeria’s unemployment rate dropped to 4.3% in the second quarter of 2024. This marks a significant decrease compared to earlier estimates and reflects a new approach to measuring employment and productivity in the country. The revised framework considers hours worked and informal sector contributions, offering a broader perspective on labor force participation.

In its latest labor force report, the NBS highlighted that the decline is partly attributed to improved economic activities in sectors such as agriculture, construction, and technology. Additionally, government initiatives aimed at boosting entrepreneurship and vocational training programs have contributed to increased job opportunities, particularly for youth and women.

However, labor unions and economic analysts have expressed skepticism about the new unemployment figures. Critics argue that the revised methodology underestimates the challenges of underemployment and job quality, particularly in informal sectors. They emphasize that a significant portion of Nigerians work in low-wage or precarious conditions, which may not reflect true economic stability.

The NBS defended its methodology, explaining that it aligns with global labor market standards set by the International Labour Organization (ILO). The bureau stated that the new system focuses on individuals engaged in at least one hour of work per week, broadening the definition of employment to encompass diverse forms of labor, including self-employment and part-time work.

Despite the positive outlook, experts warn that structural issues in Nigeria’s economy—such as high inflation, limited access to credit, and inadequate infrastructure—still pose significant barriers to sustained employment growth. Addressing these challenges is critical to ensuring that the recent gains are not reversed.

The government has reaffirmed its commitment to economic reforms aimed at creating more sustainable jobs. Key initiatives include expanding access to finance for small businesses, strengthening industrial policies, and increasing investment in critical sectors such as energy and transportation. Stakeholders believe that continuous collaboration between the public and private sectors will be essential in achieving long-term employment goals.

Popular Articles