-
NIN Data: Over Half Of Nigeria’s Population Are Unregistered
In the early weeks of December, the Nigerian Communication Commission issued a directive to all mobile network operators to deactivate all SIM cards that will not be duly registered with valid national identity cards by December 30, 2020. At that time, only 41.5 million Nigerians of the estimated 200 million, according to the commission, had…
-
ANALYSIS: Nigeria’s Insecurity Threatens Agricultural Growth
Nigeria’s agricultural sector might begin to plunge in its growth owing to recurrent insecurity challenges emanating from different parts of the country. The impact of these insecurity challenges, just like the COVID-19 pandemic, are beginning to deny farmers and traders access to grow crops and make sales respectively. The Nigerian Economic Summit Group has said…
-
Africa’s COVID-19 Cases Surpass 4.83million
The Africa Centres for Disease Control and Prevention has said the number of confirmed COVID-19 cases in Africa reached 4.8 million as of May 30, 2021. The Africa CDC– the specialised healthcare agency of the African Union– said the death toll from the pandemic stands at 130,451 while 4,365,227 patients have recovered across the continent.…
-
FG Receives 75 Bids For 12 Roads Concession
No fewer than 75 firms have submitted bids to serve as concessionaires for 12 federal roads mapped out for concession by the Federal Government of Nigeria. Bid documents submitted by the companies as well as the names of the firms were officially announced at the headquarters of the Federal Ministry of Works and Housing in…
-
FG Revenue Agencies Remit N1.54tr In Q1
The Revenue Mobilisation Allocation and Fiscal Commission has disclosed that a total of N1.54 trillion revenue was remitted by the revenue-generating agencies of the federal government of Nigeria. In a statement by the RMAFC, the revenue was remitted into the federation account in the first quarter of 2021. The Chairman of the Commission, Engr. Elias…
-
41% Family Businesses To Decline In Sales Growth
Findings by PricewaterhouseCoopers global family business survey for 2021 has revealed that about 41 percent of family businesses in Nigeria are expected to decline in sales growth in the year. The survey examined the views of 2,801 family business leaders and decision-makers across 87 territories. The report is targeted at building on PwC’s long-time involvement…
-
NNPC: Oil Export Revenue Plunged By 98% In April
The Nigerian National Petroleum Corporation has said crude oil export proceeds dropped by 98 percent in April, compared to March 2021. It said that the total revenue from crude oil exports in April fell to N723m from the N35.72bn generated in March. “No remittance to Federation Account in April for May 2021 FAAC due to…
-
NNPC: Trading Surplus Rises To N39.85bn
The Nigerian National Petroleum Corporation has announced a N39.85bn trading surplus for February 2021, representing a 314.24 percent increase from the N9.62bn surplus it recorded in January. Trading surplus or trading deficit is derived after deduction of the expenditure from the revenue for the period under review. NNPC disclosed this in its February 2021 edition…
-
Pension Assets Rise To N12.4trn
The total pension fund assets of the Contributory Pension Scheme increased by 0.8 percent Month-on-Month, to N12.4 trillion in April 2021. This is according to the unaudited report on pension funds industry portfolio for the period ended 30 April 2021 released by the National Pension Commission PenCom. The data showed that the funds rose to…
-
World Bank To Boost Nigeria’s Water Supply With $700m
The World Bank has approved $700 million credit for the Nigeria Sustainable Urban and Rural Water Supply, Sanitation, and Hygiene Programme. The credit, from the International Development Association, is to ensure that six million people can access basic drinking water services and 1.4 million people can access improved sanitation services. The SURWASH programme, which would…