By 
Data from the National Bureau of Statistics pegs Nigeria’s unemployment rate at 27.1 percent as of Q2 2020, indicating that an estimated 21.7 million Nigerians are unemployed. Unemployment and underemployment rate (28.6 percent) is a combined 55.7 percent.
The most affected demographic is the country’s youth with over 13.9 million currently unemployed, compared to about 13.1 million in Q3 2018, the last time the report was released. About 6.8 million youth between the ages of 15-24 are out of jobs and another 7.1 million are underemployed.
Below is the Ventures Africa Weekly Economic Index for the week ending 14th of August 2020. This economic index gives you a glimpse into other recent activities in Nigeria’s economy as well as changes and prices that could affect the economy:
As of August 14, 2020, showed that the NSE All-Share Index and Market Capitalization both appreciated by 0.63 percent to close the week at 25,199.84 and ₦13.146 trillion respectively. All other indices finished higher with the exception of NSE 30, NSE Premium, NSE Banking, NSE AFR Div Yield, NSE MERI Value, NSE Lotus, and NSE Industrial Goods Indices while the NSE ASeM closed flat.
Top price gainers and decliners in the week under review:
Top five price gainers
Cadbury Nigeria Plc.
Nigerian Breweries Plc.
Unilever Nigeria Plc.
C&I Leasing Plc.
Seplat Petroleum Development Company Plc.
Top five price decliners
Champion Breweries Plc.
Ikeja Hotel Plc.
Cornerstone Insurance Plc.
Nigeria Flour Mills Plc.
Consolidated Hallmark Insurance Plc.
Comments