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Nigeria Records N1.8 trn Trade Deficit In Q2’21
The National Bureau of Statistics has said that Nigeria recorded a trade deficit of N1.8 trillion in the second quarter of the year. This is coming despite the foreign trade rose by 23 percent to N12 trillion from N9.8 trillion in Q1’21. The bureau disclosed this in its Foreign Trade in Goods Statistics Report for…
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Railway Services Generate N2.1bn Revenue In 6 Months
Between the first and second quarters of 2021, the Nigerian Railway Corporation has generated N2.1 billion as revenue from passengers and cargo. The National Bureau of Statistics stated this in its latest report, titled: “Rail Transportation Data Q2.” According to the report, NRC generated N1.08 billion from passengers in Q2 2021 against N892.47 million in…
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Nigeria Received Over 9 million COVID-19 Vaccine In 6 Months
Between March and August, Nigeria has received a total of 9,916,320 doses of Covid-19 vaccines, Twentyten Daily tracked. Within this period, Nigeria received four types of vaccine; Oxford-AstraZeneca, Mordena Vaccine, Johnson and Johnson and Covishield COVID-19 Vaccine. A total of 5,338,640 doses of Oxford-AstraZeneca vaccine was given within the period; 4,000,080 Morderna doses; 177,600 doses…
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Twentyten Daily Weekly Round Up
Hello Twentyten Daily Readers, Welcome to a new week with us at Twentyten Daily. Last week we reported how since the Federal government has banned the operation of Twitter in Nigeria, the country has cumulatively lost over N200 billion. The ban which took effect in the country on June 5 has reached 3 months of…
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Only One Network Provider Recoded Increase In July
Latest report by the Nigerian Communications Commission (NCC) has shown that Globacom (Glo) was the only network that recorded an increase in its subscriber base in July, 2021. This was according to the monthly subscribers’ report for July published on its website. NCC indicated that Glo moved from 50,130,540 in June, to 51,137,799 at the…
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NNPC’s Revenue Drops By N916bn
The Nigerian National Petroleum Corporation said that its revenue for the 2020 financial year fell to N3.72 trillion from N4.63 trillion in 2019. This shows a difference of N916bn. This is coming after declaring its first profit in its 44-year history. The corporation, while announcing the release of its 2020 audited financial statements, said the…
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In Five Years, Nigeria Attracted $3.9bn Telecoms Investments
According to a new report by Agusto & Co., Nigeria’s telecommunications industry attracted $3.9 billion in foreign portfolio and direct investments between 2015 and 2020. The credit rating agency, in its 2021 Telecommunications Industry report, said, “Between 2015 and 2020, foreign investments (portfolio and direct) attributable to the telecommunications industry amounted to $3.9bn, an average…
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How Countries Are Losing ‘dollars’ To Twitter Ban
Nigeria Since the Federal government has banned the operation of Twitter in Nigeria, the country has cumulatively lost over N200 billion. The ban which took effect in the country on June 5 has reached 3 months of shutdown. This figure was calculated based on the NetBlocks Cost of Shutdown Tool which reported that it costs…
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Nigeria Records N1.76tn Revenue Shortfall In 6 Months
The Federal Government reported a revenue shortfall of N1.76 trillion in the first half of this year. According to a revenue performance report, obtained from the Budget office of the federation, the Federal Government’s projected revenue for the 2021 fiscal year was N7.9 trillion, of which N3.9 trillion was earmarked as pro rata target for…
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’26 Africans Die Of COVID Every Hour’
The World Health Organisation has said that African countries may not achieve 10 percent vaccination of most vulnerable populations against COVID, before the end of September. WHO Africa, in a statement, said that new data has shown that 42 out of Africa’s 54 nations may miss the target with the current pace of delivery and…