-
Petrol, Kerosene Prices Rose In August
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…
-
Firms Consume 85,264.8MT Of Gas In August
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,…
-
58 Companies pay N733b Dividend In 2021
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…
-
Nigeria debt Stock Hits N2.36tn In 3 Months
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…
-
Inflation Rate Drops For Fifth Consecutive Month
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…
-
Non-performing Loans Decline 0.1%
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…
-
Nigeria Suffers N5.8tn Shortfall In Non-Oil Export
Data from the National Bureau of Statistics have shown that between December 2017 to December 2020, Nigeria has generated a total sum of N6.5 trillion from non-oil exports. This sum is N5.8 trillion lower than its N12.3tn ($30bn) target set by the Federal Government under its zero-oil plan. In 2016, the Nigerian Promotion Council conceived…
-
Video Explainer On NDDC Audit Report
The Minister of Niger Delta Affairs, Godswill Akpabio, had submitted the forensic audit report on the Niger Delta Development Commission (NDDC) to President Muhammadu Buhari, through the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami. Findings from the report states that 13,000 projects were abandoned in the region since the creation…
-
‘Nigeria Has 20% Women In Executive Level’
‘Nigeria has 20% women in executive level’ Analysis from a report has shown that Nigeria might be moving towards a balance in gender equality as the average percentage of women at the executive level is 20 percent. This is higher than the global average of 17 percent. The report was published by the International Finance…
-
Domestic Aircraft Movement Drops by 28.5%
Data from the Nigerian Civil Aviation Authority have shown that the harmonised domestic aircraft movement in Nigeria slumped by 28.5 percent in 2020. NCAA data, the air industry apex regulator, showed that there was a steady increase in the aircraft movement from 2017 to 2019 at the airports, including Lagos, Abuja, Port Harcourt, Enugu, and…