Economic Activity
Nigeria to begin business sample census October 12
File Photo The National Bureau of Statistics, NBS, is to commence National Business Survey after 22 years. The statistician General of the Federation, Dr. Yemi Kale, announced this on Monday while delivering a keynote address at the Training of Trainers for the National Business Sample Census (NBSC) 2020 in Abuja. Kale said the information emanating from the census activity would be primarily useful in understanding the nature and structure of the economy, as well as providing a sound business frame for the conduct of economic surveys in the country. The Business Census also known as an Economic Census is a statistical exercise that involves the enumeration of formal and informal business establishments across the country. During this process, commercial and industrial business operations ...
Governor Sanwo-Olu: Pre-primary classes remain closed in Lagos
The Lagos State governor, Babajide Sanwo-Olu, has said that pre-primary classes in public and private schools across the state are to remain closed until further announcements are made. Sanwo-Olu said this during a press briefing on Saturday, where he gave an update on COVID-19 in the state and gradual resumption of activities. Newsmen earlier reported the announced reopening of schools in the state in which private secondary schools are allowed to open from September 21, while public schools will adopt a “phased reopening” on the date. Speaking on school resumption, the governor said it is necessary to provide clarifications regarding the resumption of schools, “to clear any confusion that may have arisen since the original announcement was made.” Mr Sanwo-Olu said while students in JS 3 ...
OECD: South Africa economy could contract 8.2% if second coronavirus wave hits
South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and its main trading partners, the OECD said on Friday. If a second wave of infections is avoided, the economy will contract 7.5% in 2020 before rebounding 2.5% next year, the OECD said in a report on Africa’s most industrialised economy. South Africa was in recession before the pandemic struck, with recurring power cuts by struggling state utility Eskom and weak business confidence dampening economic activity. President Cyril Ramaphosa’s government has promised to fast-track reforms to raise economic growth potential, but some investors are becoming restless about the pace of change. “South Africa cannot afford to delay reforms. It is essential to undertake...
