Business

Breaking: 87.3% Nigerians Self-Employed, 12.7% on Salary Jobs – NBS

Published

2 years ago

February 19, 2024

Charles Flames

312 Views

The National Bureau of Statistics (NBS), today, released the Nigeria Labour Force Statistics Report Quarter 3,2023.

Findings in the World Bank and the International Labour Organization ( ILO) funded reports showed that in Q3 2023, 87. 3 percent of employed Nigerians were primarily self-employed with the remaining 12.7 percent being primarily engaged in salary jobs.

The NBS, in the Wage & Self-Employment Snapshot, said that paid employment declines from 13. 4 percent in Q 4 2022 to 11.8 percent Q1 2023 ; it went up to 12.0 percent in Q2 2023 and peaks at 12.7% Q3 2023.

Connverely, as at Q4 2022, 84.0 percent Nigerians were in Self-Employment; the figure surged to 86.0 percent in Q1 2023; 88.0 percent in Q2 2023 and further soared to 87.3 percent in Q3 2023.

Disaggregation By Sex

The findings further shows that 90.5% of women were engaged as self-employed while 84.2% of men were selfemployed.

It said 80.3 percent of employed people in urban areas were self-employed this is lower when compared with 94.5 percent of employed people in rural areas.

On informal employment in Nigeria, NBS said : ” The share of employed persons in
informal employment was 92.3% in Q3 2023 a reduction of 0.4% when compared to 92.7% in the previous quarter.

The rate of women in informal employment is significantly higher than that of men.

The rate of informal employment among people living in rural areas was 97.2% while the urban informality rate was estimated at 87.5%. Females are more in informal employment than males.”

Business

BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

33 minutes ago

June 30, 2026

Charles Flames

4 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

4 hours ago

June 30, 2026

OCHEFA

17 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”