Kehinde Ogunyale

Freelance Investigative and Data Journalist

Listed FGN Bonds down by 52.5%

The value of listed Federal Government of Nigeria, FGN, Bonds on the Nigerian Exchange Limited  in the first half of the year declined by 52.5 percent. This is a drop to N1.6 trillion from N3.4 trillion in the corresponding period of 2021, HI’21. Findings from the data in the NGX shows that in Q2’22 the […]Read More

Nigerian With Bank Accounts Hit 45%

According to the World Bank, the number of Nigerians with accounts at regulated institutions increased by 16 percent to 45 percent in 2021. These institutions include such as a bank, credit union, microfinance institution, post office, or mobile money service provider. The global bank stated that global account ownership increased by 50 percent from 51 […]Read More

Unsold Inventory Dips By 33.4% In 2021

Available data obtained from the Manufacturers Association of Nigeria  shows that the inventory of finished but unsold manufactured products dropped by 33.4 percent to N384.58 billion in 2021 from N577.61 billion recorded in 2020. MAN said that manufacturing inventory of unsold finished products in key segments dipped to N169.75 billion in the second half of […]Read More

Active Internet Subscriptions Rise By 2.7%

The National Bureau of Statistics has said that the number of active internet subscriptions in Nigeria rose quarter-on-quarter (QoQ) by 2.7 percent. This is a rise to 145.8 million in the first quarter of 2022 (Q1’22), from 141.9 million in the fourth quarter of 2021 (Q4’21). NBS  disclosed this in its ‘Telecoms Data: Active Voice […]Read More

Gas Revenue Up 64.3% To N119.4bn In Q1’22

Latest data from Nigerian National Petroleum Corporation has shown that Nigeria’s revenue from gas sales rose by 64.32 percent in the first quarter of 2022 (Q1’22). This is an increase  to N119.4 billion compared to N72.64 billion recorded in the corresponding period last year. NNPC data also showed that gas revenue in the first quarter […]Read More

Investment In FGN Savings Bonds Rise By 53%

Analysis has shown that investment in the FGN Savings Bonds rose by 53 per cent, year-on-year, YoY,  to N7.5 trillion in the first half of the year (H1’22), from N4.9 trillion in the corresponding period of last year (H1’21). There was a sharp increase in investors’ patronage for FSB in H1 ‘2022 is driven by […]Read More

Nigeria Spends N896.7bn On Debt Servicing In Q1’22

The Debt Management Office has said that Nigeria spent N896.7 billion on domestic and foreign debt servicing in the first quarter of 2022, Q1’22. This represents a 12 per cent year-on-year (YoY) decline from N1.02 trillion spent in the corresponding period of 2021. In its External and Domestic Debt Service Payment Reports for Q1’22, the […]Read More

Sticky

Tracking The Timeline Of ASUU Strike

On May 25. 2022, the Academic Staff Union Of Universities industrial action strike clocked 100 days. The strike which began on February 14, was extended for an additional 12 weeks in May after the union said the federal government had failed to reach an agreement over pending issues raised. Emmanuel… You must be registered to […]Read More

Nigeria’s Oil Output Drops 23.8% 

According to the Organisation of Petroleum Exporting Countries, OPEC, Nigeria’s oil output dropped Year-on-Year by 23.8 percent to 1.024 million barrels per day, mbpd, in May 2022. This is a drop from 1.344 mbpd recorded in the corresponding period of 2021. In its June 2022 Monthly Oil Market Report, OPEC stated that the figure, excluding […]Read More

Banks’ Borrowing From CBN Rises 63% 

Banks’ borrowing from the Central Bank of Nigeria has  persisted in its upward trend in May, rising by 63 percent, Month-on-Month, MoM, to N1.8 trillion.  The CBN lends money to banks through the Standing Lending Facility (SLF) and Repurchase (Repo) arrangement windows. While the CBN lends money to banks through the SLF at interest rate […]Read More