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National Bureau of Statistics

Five Chinese cities told to rein in speculation as property prices soar
World

Five Chinese cities told to rein in speculation as property prices soar

  • New home prices in China rose at their fastest pace in five months in February, official data shows, as red-hot demand for property in the world's-second largest economy largely eclipsed government efforts to cool the market.
  • The five cities have seen prices rise fast due to spillover demand from tier-1 cities such as Shanghai and Shenzhen which imposed stringent regulations early in the year to rein in home prices.
Updated 08 Apr, 2021 08:06pm
Nigeria's unemployment rose to 33.3pc in fourth quarter, stats office says
World

Nigeria's unemployment rose to 33.3pc in fourth quarter, stats office says

  • The unemployment rate stood at 33.3% in the fourth quarter, the National Bureau of Statistics (NBS) said, up from 27.1% in the second quarter, when the data was last published. Unemployment of 23.1% was first reported for the third quarter of 2018.
  • Access Bank, Nigeria's largest lender, cut staff salaries and sacked contract workers accounting for 75% of its 30,000 workforce to save costs, banking sources told Reuters.
Updated 15 Mar, 2021 09:26pm