Nigeria tops countries with highest unemployment rate [see list]
Countries with the highest unemployment have been ranked.
The World of Statistics in its latest release on Sunday via its verified Twitter handle ranked Nigeria high, indicating the country has the highest level of unemployment in the world at 33.3%.
Following in that order of countries with the highest number of unemployment are South Africa 32.9%, followed by Spain at 13.26%, Greece at 11.2%, Colombia is 10.7% and Turkey, 10% making up the top Six.
Here’s the full list according to the ranking. Average number of Unemployment rate:
South Africa: 32.9%
Euro area: 6.5%
Saudi Arabia: 4.8%
South Korea: 2.6%
CBN increases interest rate to 17.5%
The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate by 100 basis points to 17.5 percent.The CBN Governor, Godwin Emefiele, disclosed this while reading the communiqué at the end of the two-day MPC meeting, the first of the year.The development means this is the fifth time the CBN will increase the interest rate despite calls by stakeholders against the increment.The CBN said previous increa...
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President-elect Tinubu conferred with GCFR highest honour in Nigeria
The President-elect, Bola Ahmed Tinubu, has been conferred the highest honor in Nigeria, Grand Commander of the Order of the Federal Republic, GCFR.Also, Vice President-elect Kashim Settima was decorated as Grand Commander of the Order of the Niger, GCON.The Daily Post reported this on Thursday during the investiture ceremony held in Aso Villa, Abuja.On Monday, May 29th, Tinubu will be sworn in as the next President of Nigeria, succeeding President Muhammadu Buhari....
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