Kehinde Ogunyale

Reporting on the data-driven economy, and investigations.

Nigeria’s Population Hits 216 million

Data from the United Nations Department of Economic and Social Affairs has said that Nigeria’s population has reached 216 million in 2022. This, according to the UN agency, accounts for 2.7 per cent of the global population. According to its latest World Population Prospects 2022 released to mark World Population Day, the global population has […]Read More

Nigerian Banks’ Assets Rise By N10tn

 The latest figures from the Central Bank of Nigeria have revealed that the Nigerian banks’ assets gained N10 trillion between August 2021 and August 2022 to hit N66.76trillion. The CBN disclosed in the personal statement of a member of the Monetary Policy Committee, Kingsley Obiora, that the banking sector remained resilient amid economic challenges. It […]Read More

Nigeria’s Inflation Hit 21.09% In October

According to the National Bureau of Statistics, Nigeria’s inflation rate has risen to a new record high of 21.09 per cent in October 2022. The increase is not unconnected to the price of fuel, scarcity of foreign exchange, and disruption in the food supply chain. This is 0.32 per cent higher than the 20.77 per […]Read More

Banks Charge Customers N715bn For E-transactions

According to the nine-month financial reports of the banks, eleven banks charged their customers N714.61 billion for electronic fees and other forms of commissions in the first nine months of 2022. This is a 16.92 percent increase from the N611.21bn earned by the banks from the income source in the corresponding period of 2021. This […]Read More


COP27: What Nigeria Is Pushing For

As the United Nations Conference of Parties 27 resumed in Egypt, the President, Muhammadu Buhari  directed the Minister of Environment, Mohammed Abdullahi, to represent him in Nigeria’s delegation. According to the directive, Mohammed would lead other ministers and heads of agencies to the United Nations Framework Conference on Climate Change… You must be registered to […]Read More

Nigerians Consumption Expenditure Rises To N57tn

According to the ‘Nigerian Gross Domestic Product Report (Expenditure and Income Approach)’ by the National Bureau of Statistics, Nigerians’ consumption expenditure rose to N57.08 trillion in the first half of 2022. This is a 14.39 percent increase from the N49.89 trillion that was spent in the corresponding period of 2021. NBS defined household final consumption […]Read More

CBN Commits $16.9bn To FX Market In H1’22

The Central Bank of Nigeria, CBN, has disbursed about $16.9 billion in its foreign exchange market interventions and statutory obligations in the first half of 2022, H1’22. This is about 4.0 percent drop against $17.6 billion sold in the corresponding period of 2021, H1’21. Details of the transactions show the amount covers the inter-bank window […]Read More

Household Expenditure Drops In Q2’22

Data from the National Bureau of Statistics (NBS) GDP, Expenditure and Income Approach report for Q1 and Q2 2022, has reveled that the real household final consumption expenditure grew by just 2.32 percent in the second quarter of this year, Q2’22. This represents a 6.2 percentage points quarter-on-quarter, QoQ, decline in growth rate when compared […]Read More

FG’s Expenditure Exceeds Revenue In Six Months

Latest figures obtained from the Central Bank of Nigeria has shown that the Federal Government’s expenditure in the first six months of 2022 exceeded revenue by N6.23 trillion. According to the second quarter economic report on fiscal sector development compiled from the OAGF and CBN staff estimates, the Federal Government recorded N3.2 trillion and N2.74 […]Read More

In Five Years, Airlines Record 24 Emergency Returns

Between January 2018 and October 202, no fewer than 24 emergency air returns occurred in the country. Findings show that the majority of the reasons for the emergency returns were attributed to engine failure, bird strikes, bad weather and others. A breakdown showed that Air Peace recorded the highest emergency air return during this period […]Read More