Is it possible to remove network statistics from the homepage of the site?

yes. which theme/template are you using?

I am using the default theme.

open /themes/default/page.tpl.php

find and remove:
[code] //## display network statistics.
$res = sql_query("SELECT count() as num from ".tb()."accounts");
$row = sql_fetch_array($res);
$stats['members'] = $row['num'];
$res = sql_query("SELECT count() as num from ".tb()."friends");
$row = sql_fetch_array($res);
$stats['friendships'] = $row['num']/2;
$res = sql_query("SELECT count() as num from ".tb()."comments");
$row = sql_fetch_array($res);
$stats['comments'] = $row['num'];
$res = sql_query("SELECT count() as num from ".tb()."streams");
$row = sql_fetch_array($res);
$stats['activities'] = $row['num'];
$theme_default_cache_left .= '
<div>
<strong>'.t('Network Statistics').':</strong><br />
<strong>'.$stats['activities'].'</strong> '.t('Activities').'<br />
<strong>'.$stats['members'].'</strong> '.t('Members').'<br />
<strong>'.$stats['friendships'].'</strong> '.t('Friendships').'<br />
<strong>'.$stats['comments'].'</strong> '.t('Comments').'
</div>
';

    echo $theme_default_cache_left;[/code]

How do we do this on the blue template?

Id like to remove it whilst the membership builds and put it back later.

cut and save it anywhere you want, and let just one line commented
//## display network statistics.
than past it when you want.

OK - done that, now how can i make the network statistics ONLY appear in the admin panel?