-
INFOGRAPHICS: Countries Moving To Launch Cryptocurrency
Having gained the interest of the majority – population and investors– countries are beginning to make provisions for the establishment of their digital currencies where their citizens can trade on a ‘regulated’ platform. The growth of cryptocurrency has been hindered in several countries after claims that the platforms can not be regulated or negates certain…
-
INFOGRAPHICS: Over 5000 People Killed In 6 Months
The rising insecurity challenges in Nigeria have become a scar threatening the sovereignty of the country. These violent attacks have been perpetrated by militant terrorists, sub-ethnical groups, unknown or unidentified gunmen and bandits. The impact of these multiple attacks has led to the destruction of properties, displacement of people from homes and communities and…
-
COVID-19: World Bank Mobilizes $157bn In 15 Months
The World Bank Group has said it has provided over $157billion in 15 months as financing relief to help developing countries survive the impacts of the COVID-19 pandemic. This was according to a press statement titled ‘World Bank Group’s $157bn pandemic surge is largest crisis response in its history’ which was published on the bank’s…
-
Benue, Abia, C’River Paid More For Petrol In June
The National Bureau of Statistics has said that petrol was more costly in Benue, Abia and Cross River in June. The NBS made this known in its “Premium Motor Spirit (Petrol) Price Watch for June 2021’’. It said that Benue residents paid N183.29, while Abia residents paid N171.88 for the product and Cross River residents…
-
4,000 Nigerian Children Orphaned In 16 Months
The World Bank has said that between March 2020 and July 2021, an estimated 4,000 children in Nigeria were orphaned as a result of the impact of the COVID-19 pandemic. According to a statistical report released by the Bank experts at the Imperial College of London. The report also revealed that over 4,100 Nigerian children…
-
Borno Generates N8.02bn In Five Months
Between January and May this year, the Borno Internal Revenue Service (BO-IRS) generated N8.02 billion. BO-IRS Chairman Mohammed Alkali, who disclosed this, said the figure was the “highest revenue ever generated by the service in history for January-May.” Earlier in April, the service disclosed that it “collected N4,296,859,669.2 between January and March 2021 despite the…
-
In Two Weeks, External Reserves Drop By $180M
The latest figures obtained from the Central Bank of Nigeria showed that Nigeria’s external reserves have lost $180 million in two weeks. According to the figures, the reserves, which stood at $33.28bn on July 1, dropped to $33.09bn as of July 12 before gaining slightly to rise to $33.1bn on July 15, 2021. The reserves…
-
Nigeria’s Inflation Rate Drops To 17.75%
Nigeria’s inflation rate has fallen by a slight 0.18 percent from 17.93 percent in May to 17.75 percent in June. This is according to the latest data by the National Bureau of Statistics in its Consumer Price Index report for June. Part of the report read, “The consumer price index which measures inflation (rate of…
-
‘Nigeria Lost $2.77bn To Crude Oil Theft In 2019’
The Nigeria Extractive Industries Transparency Initiative has said in its latest audit report that Nigeria lost 42.25 million barrels of crude oil valued at 2.77 billion dollars to oil theft in 2019. The report on Oil and Gas was presented to the Media and Civil Society Organisations by Mr George Abiye, Assistant Director, Oil and…
-
Africa: Nigeria Leads Mobile App Downloads
Reports by Appsflyer and Google have published that Nigeria is leading the growth of Africa’s Mobile app installs with a 43% rise between Q1 2020 and Q1 2021. South Africa’s market increased by 37% and Kenya increased by 29%. Africa is one of the fastest-growing regions in the app market. With a young and mobile-savvy…