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Lassa fever, Cholera, Others Killed 1,084 In 2022
According to an analysis of disease situation reports obtained from the Nigeria Centre for Disease Control and Prevention, 1,084 lives were lost to six infections in Nigeria in 2022. These infections which also resulted in 20,375 confirmed cases include Lassa fever, cholera, measles, meningitis, monkey pox, and yellow fever in Nigeria in 2022. The NCDC…
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Nigeria’s Economic Growth To hit 3.2%
The International Monetary Fund has predicted that Nigeria’s economy would grow from 3.0 per cent in 2022 to 3.2 per cent in 2023. The growth according to IMF would be due to measures made to address insecurity in the oil sector. In its World Economic Outlook Update (January 2023) report, IMF stated that growth across…
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Pension Assets Rise To N14.9tn
According to figures obtained from the National Pension Commission, the total assets under the Contributory Pension Scheme rose by N1.56 trillion in 2022. In its latest ‘Report on pension industry portfolio for the period ended 31 December 2022’, PenCom disclosed that the funds, which ended December 31, 2022, at N13.42tn, rose to N14.99tn by the…
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Mobile Subscriptions Hit 222 million
According to new data from the Nigerian Communications Commission, the number of mobile subscriptions in Nigeria rose to 222.23 million in 2022. This is coming despite the implementation of the Federal Government’s National Identification Number-Subscriber Identity Module policy. In April, over 72.77 million active telecommunication subscriptions were barred from making calls at the beginning of…
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Banks Lending Rate Hits 29.13%
Figures obtained from the Central Bank of Nigeria on money market indicators revealed that the maximum lending rate in the banking sector hit 29.13 per cent while savings deposit rates were 4.13 per cent as of the end of December 2022. According to the report, the prime lending rate was 13.85 per cent, while the…
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How Prices of Kerosene, Gas, Diesel Increased
The latest data from the Nigerian Bureau of Statistics for November has shown that the price of household Kerosene, also known as cooking kerosene skyrocketed by over 100 per cent in one year. The average retail price of kerosene per litre rose by about 146 per cent from N441 in November 2021 to N1,083/litre in…
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FG Owes Five Countries $4.85bn
Data from the external loans reports obtained from the Debt Management Office has shown that the Federal Government of Nigeria borrowed about $3.27 billion from five countries between June 30, 2015 and September 30, 2022. DMO said that within the period, Nigeria’s borrowings from the five countries rose by 206.96 per cent from $1.58bn in…
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FAAC Shares N990bn For December 2022
The Federation Account Allocation Committee shared N990.189 billion to the three tiers of government as revenue from the month of December 2022. The amount is inclusive of gross statutory revenue, value-added tax (VAT), exchange gain and electronic money transfer levies. From the amount, the federal government received N375.306 billion, the states received N299.557 billion and…
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Volume Of PoS Transactions Falls By 2%
Findings in the electronic payment data from the Nigerian Interbank Settlement System have shown that the volume of Point of Sales (PoS) transactions fell Month-on-Month (MoM) by two per cent to 85.2 million in December 2022 from 86.7 million in November. Also, the value of PoS transactions rose MoM by 8.8 per cent to N826.3…
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Is Nigeria’s Inflation Rate The Highest Under Buhari?
Overview: Mr. Festus Kayamo said that Nigeria’s inflation rate under the current administration is not the highest figure when compared to the Obasanjo administration. We looked back at the figures reported to confirm his claim. The spokesperson for the presidential campaign council of the All Progressives Congress standard bearer, Festus Keyamo, has said that the…