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 […]Read More
According to figures obtained from the Central Bank of Nigeria’s April report on ‘Fiscal operations of the Federal Government, Nigeria recorded a fiscal deficit of N150.36 billion in April 2021. This is coming after aggregate expenditure of N559.67 billion and retained revenue of N409.31 billion was recorded. Part of the report read “Federation revenue rose […]Read More
After analyzing data banks 2020 annual reports, a total of eight Nigerian banks paid N231.99 billion in wages and salaries in 2020. This is N1.92 billion less than what they paid in 2019. Of the banks under review Zenith Bank paid the highest in wages in 2020 (N52.49bn) while Wema bank paid the least in […]Read More
The Nigerian National Petroleum Corporation has said it recorded a total of $219.75 million from crude oil and gas export sales in May 2021. This represents a 180.29 percent increase in sales from April 2021. This is contained in the May 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a […]Read More
Reports from the National Bureau of Statistics have revealed that the Premium Motor Spirit, Household Kerosene Price increased year-on-year in August. The Price Watch report for August 2021 by the NBS disclosed that the average price per litre paid by consumers for kerosene increased by 0.67 percent month-on-month and by 15.43 percent year-on-year to N400.01 […]Read More
The Petroleum Products Pricing Regulatory Agency has said that a total of 85,264.8 Metric Tonnes of Liquefied Petroleum Gas consumed in the country in August. This was stated in a statement signed by its Executive Secretary, Abdulkadir Saidu. Of the total 85,264.803 metric tonnes supplied nationwide, 38,040.457MT of the total volume supplied was sourced locally, […]Read More
No fewer than 58 organizations– including MTN Nigeria Communications Plc, Dangote Cement Plc, GTCO Plc– have paid their investors over N732.91 billion as dividends year-to-date. Dividends are a company’s way of sharing its profits with investors who retain the organisation’s stocks over a holding period up to a qualifying date. According to a statement released […]Read More
The total public debt stock of Nigeria has risen from N33.11 trillion as of March 31, 2021 to N35.47.trillion as of June 30, 2021. This shows an increase of N2.36 trillion or 7.13 percent within three months This was disclosed by the Director General of the Debt Management Office, Patience Oniha, who provided a breakdown […]Read More
The National Bureau of Statistics revealed that the Consumer Price Index which measures inflation rate fell to 17.01 percent in August. According to the latest CPI report, this rate is 0.37 percent points lower than the 17.38 percent recorded in July this year. This, according to the report, is the fifth consecutive month that the […]Read More
The non-performing loans in the banking sector have slightly declined from 5.8 per cent in May to 5.7 per cent in June. This, according to the Central Bank of Nigeria showes more resilience in the banking sector. CBN disclosed this in the personal statements of members of the Monetary Policy Committee. According to a member […]Read More
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