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Nigeria’s Data Usage Increase By 202.08%
According to data from the Nigerian Communications Commission, data usage in Nigeria surged by 202.08 percent in three years. This is following the subscriber/network report of 2018, 2019, and 2020. Data usage rose from 68,154.12 terabytes in 2018 to 125,149.86TB in 2019 and 205,880.4TB in 2020. The total national and local outgoing voice calls were…
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Nigeria’s GDP Grows By 5.01% In Q2
Nigeria’s Gross Domestic Product has grown by 5.01 percent, year-on-year, in the second quarter of 2021. This is according to the National Bureau of Statistics in its GDP Report for Q2. According to the report, the 5.01 percent marks three consecutive quarters of growth following the negative growth rates recorded in the second and third…
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INFOGRAPHICS: How Capital Importation Fell In Three Months
The National Bureau of Statistics reported that the total value of capital importation into Nigeria fell to $875.62 million in the second quarter of 2021. Between January to March of the same year, Nigeria had a capital importation of $1.91 billion. The bureau stated that this represented a decrease of 54.06 percent compared to Q1…
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Benin Confirms Outbreak Of H5N1 Avian Flu
The Ministry of Agriculture in the Benin Republic has confirmed an outbreak of the highly contagious H5N1 avian flu in two districts near the capital Porto Novo. On Wednesday, Benin became the latest West African country to declare an avian flu outbreak, after Ivory Coast identified the disease last week near its commercial capital Abidjan.…
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Heavy Rains Displace Over 1,500 Families In DR Congo
Heavy rains causing floods have washed away over 1500 houses in the Goma region of the Democratic Republic of Congo. Authorities in the area linked the recent eruption of Mount Nyiragongo in the area to have promoted the flooding given that vegetation was wiped out. “It was raining and we were in our houses preparing…
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Nigeria Entitled To $3.35bn In IMF Rights Allocation
The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that the organisation has begun to allocate Special Drawing Rights of about $650 billion. This was contained in a press statement on the IMF website where she was quoted saying, “The largest allocation of Special Drawing Rights in history – about $650bn…
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Nigeria Tops Sub-Saharan Africa’s P2P Bitcoin Trade
According to data from UsefulTulips, Sub-Saharan Peer-to-Peer Bitcoin trading has surpassed that of North America. This makes the region the largest P2P market in the world. UsefulTulips analyses data from LocalBitcoins and Paxful trading platforms. In the last trading week, a total of $17,599,679 was traded in BTC volume from sub-Saharan Africa. For the North…
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Covid-19 Infection Surge Threatens Global Oil Demand Growth
A report by the International Energy Agency has shown that global oil demand growth fell dramatically on Wednesday following worsening coronavirus cases. The International Energy Agency (IEA) said that slowing demand for crude in the wake of restrictions imposed to curb the fast-spreading Delta variant is colliding with a recent increase in global crude production.…
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Variant Alert: Scientists Discover Lambda Covid-19 Variant
21 months into the Covid-19 pandemic and the world is used to news of new variants of the virus, particularly those that have, one by one, supplanted previous versions of the disease. In recent months, mutations like the delta variant have usurped other mutations like the alpha variant in terms of transmissibility and the potential to cause hospitalizations in…
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Unemployment Rate In South Africa Rises To 44.4%
Bloomberg reports that the unemployment rate in South Africa has surged to the highest on a global list with 82 countries. According to Statistics South Africa, the unemployment rate rose from 34.4% to 44.4% in the second quarter of the year. In the first three months through March, the unemployment rate was 32.6%. Due to…