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15% Businesses Expanded Using Tech Despite COVID-19
A report released by the National Bureau of Statistics (NBS) has revealed that 15 percent of businesses expanded their operations during the COVID-19 pandemic while incorporating technology to conduct business. The report titled: “The Impact of COVID-19 on Business Enterprises in Nigeria,” was launched by NBS in partnership with the United Nations Development Programme (UNDP).…
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Nigeria Records N817.35b Trade In Agric products
The Federal Government has recorded N817.35 billion trade in agricultural goods in the second quarter 2021. A document, which was obtained from the National Bureau of Statistics Foreign Trade Statistics — Q2 2021, said there was N165.27 billion from export of agricultural goods while the import component of the trade N652.08 billion. On its agricultural…
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Five Banks Pay N1.6bn For Forex Infractions, Other Penalties
In the first half of the year, five banks in Nigeria paid a total of N1.4 billion as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria. The banks include UBA , Fidelity Bank, Access Bank, GTBank and First City Monument Bank. This…
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62% Of Enterprises Use Mobile Banking
The National Bureau of Statistics has said, in its report titled ‘The impact of COVID-19 on business enterprises in Nigeria’, that 62 percent of enterprises use mobile banking for their business operations. The report said, “While 90 percent of enterprises use phones in their daily operations, the level of adoption of other forms of technology…
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Covid-19: Africa’s Death Toll Surpasses 200,000
Newly updated records show that over 200,000 people have died from Covid-19 in Africa since the start of the pandemic. Africa, home to more than 1.3 billion people in 54 countries has recorded a total of 200,254 deaths from December 2019 to September 2021. While worldwide toll totals at more than 4.57 million deaths. After…
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Twentyten Daily Weekly Round Up
Hello Twentyten Daily Readers Below is a roundup of last week’s stories, we reported how between March and August, Nigeria received a total of 9,916,320 doses of Covid-19 vaccines. Within this period, Nigeria received four types of vaccine; Oxford-AstraZeneca, Mordena Vaccine, Johnson and Johnson and Covishield COVID-19 Vaccine. A total of 5,338,640 doses of Oxford-AstraZeneca…
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Insurance Sector Records 16.41% Growth In Q2
The National Bureau of Statistics has said the insurance sector grew by 16.41 percent in the second quarter of the 2021. According to the second quarter performance for the finance and insurance sector, the figures, the insurance sector which contracted by 2.08 percent in Q1, 2021; 12.05 per cent in Q4, 2020; 16.54 percent in…
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Daily Fuel Consumption Jumps To 72 million litres
In the month of May, petrol consumption in the country jumped from 55.59 million litres a day in April to 72.07 million litres per day. This means that within the period, the country’s daily consumption of petrol increased by 29.65 per cent between April and May. Data obtained from the Nigerian National Petroleum Corporation monthly…
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Nigeria To Launch COVID Vaccination In Churches
The Nigerian government has announced its new plan to take the Covid-19 vaccination campaign to churches, amid widespread vaccine hesitation. Faisal Shuaib, the Executive Director of the National Primary Health Care Development Agency, disclosed this on Tuesday while addressing Christian leaders on the second phase of COVID-19 vaccinations. “I am glad to inform you that…
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20% Full-Time Workers Lost Their Jobs In 2020
A report has revealed that twenty percent of the full-time workforce in Nigeria lost employment during the effect COVID-19 pandemic in 2020. This was revealed in a report titled: “The Impact of COVID-19 on Business Enterprises in Nigeria”, released on Tuesday by the United Nations Development Programme (UNDP) and the National Bureau of Statistics…