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Nigeria Development Indicators (Comparism Analysis)
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Nigeria Socio economic Development(Monetary Statistics and National Account)
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Nigeria Socio-Economic Development (Debt, Public finance and National)
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Mapping Ondo Attacks In Six Months
Insecurity in Nigeria has become a grave concern to citizens living in the country. Attacks by gunmen, kidnappers, militants and separatist groups have become too sudden, expanding from the northern region of the country, where it had much dominance, into other states in the southern region. The consistent security attacks have dampened the country’s economic…
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Infographics: 10 Most Neglected Refugee Crises In The World
While the world focuses on the impact of the war between Russia and Ukraine, Africa is becoming overwhelmed by starvation, prolonged conflicts and a slew of mass displacements of people across many countries on the continent. According to a new report by the Norwegian Refugee Council (NRC), Africa has the highest number of countries with…
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DisCos revenue surges by 47% to hit N757bn
The Association of Nigerian Electricity Distributors’ 2021 report has said that the revenue collection by the 11 distribution companies increased by 47 per cent to N757bn in 2021. In the association’s report on the Commercial Key Performance Indicator for its members, it said NESI’s revenue collection in 2021 set a new record of N757bn, which…
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Local, Foreign Companies Withdraw 69.32% Of Investment Projects
The Nigerian Investment Promotion Commission has disclosed in its report that investment commitments declined from $8.41bn in the first quarter of 2021 to $2.58bn within the same period in 2022. This shows that investment commitments declined by 69.32 per cent from Q1 2021 to Q1 2022. According to the Report of Investment Commitments in Nigeria…
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Nigeria’s Reserves Drop To $39.5bn
Nigeria’s foreign reserves stood at $38.483bn by May 31, 2022, declining by five per cent from $40.521bn reported by end of December 2021. According to an analysis from the Central Bank of Nigeria’s by the end of April 2022, Nigeria’s foreign reserves stood at $39.579 billion, having declined by 2.3 per cent since December 2021.…
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568 Million Africans Live Without Access To Electricity
According to the World Health Organisation, in its 2022 Energy Progress report, 568 million Africans are living without access to electricity and clean energy. WHO said the impact of the COVID-19 pandemic is adversely affecting the progress of universal energy access, designed to attain the Sustainable Development Goal of ensuring access to affordable, reliable, sustainable…
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Subsidy Hits 45% Of Fuel Import Bill In Q1
The National Bureau of Statistics has disclosed that Nigeria spent N1.51 trillion on the imports of premium motor spirit, also known as petrol, in the first quarter of 2022. This was 25.54 percent of the total imports for this quarter, and an increase of 17.05 percent when compared to the N1.29tn spent on importing fuel…