According to data from the International Trade Centre, Nigeria spent $2.35bn on telephone importation in three years. The ITC, an international body that focuses on trade, saidThe nation spent $807.95 million on importation of phone sets in 2019, $765.57 million in 2020 and $772.25 million in 2021. The body explained that the imported telephone sets […]Read More
Having spent his entire life surrounded by forest, Kyrien Ojong (52) considered no other business as good as farming in Bamba community, located in southern Nigeria. All of a sudden, elephants started eating all of his crops. “When the gorillas entered my farm, they ate all my cocoa; both the ripe and unripe ones. They […]Read More
Through Ways and Means Advances, the Federal Government’s total borrowing from the Central Bank of Nigeria has risen from N17.46 trillion in December 2021 to N19.91 trillion in June 2022. According to data from the CBN, this shows that the Federal Government borrowed N2.45tn from the apex bank within six months. According to the Debt […]Read More
With almost a decade teaching, Oseni Shukura earns N45,000 teaching 20 students. Now, she is forced to retire back to her house until it is safe to teach again. On Monday, 25th of July, students of Federal Government College, Kwali-Abuja, had to vacate the school after an order by the government to close the school […]Read More
According to the Money and Credit Statistics for June 2022 released by the Central Bank of Nigeria, the banking sector credit to the government rose by 35 percent in the first half of 2022 (H1 ’22). CBN said that credit to the government rose to N17.9 trillion at the end of June 2022 from N13.3 […]Read More
According to the central bank of Nigeria, the country’s external reserves have gained $923 million in the past four weeks, reversing the several months of downward trend. It had declined steadily to $38.421 billion on June 6th, 2022 from $40.52 billion at the end of December 2021, translating to N2.1 billion or 5.1 per cent […]Read More
The Central Bank of Nigeria has said that commercial banks borrowed N595.34 billion between January and February 2022. The data, according to the apex bank’s monthly economic report showed that while N333.59bn was borrowed through the Standing Lending Facility in January, the amount reduced to N255.75bn in February. The CBN said increased liquidity in the […]Read More
According to the First Quarter 2022 report released by the National Pension Commission, a total of 2,897 new contributors were enrolled into the Contributory Pension Scheme, under its micro pension scheme. This indicates a 33.7 percent Quarter-on-Quarter, QoQ, increase against 2,166 recorded in the previous quarter, Q4’21. With the new enrolments, PenCom, a total number […]Read More
THE devastating effect of deforestation, landslide and wildfire is affecting the harvest of farmers in Cross River State in the southern part of Nigeria. Kehinde Ogunyale takes a look at this with special emphasis on women farmers. At 7 am, Regina Aboh is out of the house, with her cutlass and hoe, a big basket […]Read More
Climate Tracker visited the Olum community in South-South Nigeria to report how extreme wildfires are changing indigenous villages, forcing them to enact a law to control the flames. For Martins Abang (37) growing up in Olum village, an indigenous town located in Southern Nigeria’s Cross-River State, during the 1980s was a happy upbringing, surrounded by […]Read More
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