Twenty-six states in Nigeria pulled in no foreign investment in the whole of 2020, figures released by the National Bureau of Statistics has shown. The report on capital importation captured the total foreign direct investment (FDI), Read More
The sum total of N604 billion was disbursed by the Federation Account Allocation Committee to the three tiers of government in November 2020. This is according to the FAAC report for the month of November 2020, released Read More
The Director of Funds, Mr Sabo Mohammed, announced that the federal government has rolled over the sum of N66.801 billion of unspent 2020 capital budget of 27 Ministries, Departments and Agencies (MDAs) to March 31, 2021. This is contained Read More
The Nigerian Electricity Regulatory Commission has announced that 62.63 percent of electric customers in Nigeria were under the estimated billing package as of September 2020.The Commission disclosed this in its 2019 to the third quarter, 2020 Nigerian Electricity Read More
The value of transactions via digital payment platforms rose to N162.95 trillion from January to December in 2020 when compared to an aggregate of N108.42 trillion in the corresponding period in 2019. The two platforms; Nigeria Interbank Read More
The International Monetary Fund has said Nigeria’s recovery from the impact of the COVID-19 is expected to be weak and gradual under current policies. IMF added that the country’s real Gross Domestic Product Read More
The World Bank has said that 43 percent of Nigeria’s population do not have access to electricity, making it the largest energy access deficit country globally. The bank noted that the lack of power is Read More
The number of COVID-19 cases recorded in the fifth week of 2020 totalled 8470. This is a drop from over 9000 and 11,000 cases recorded in the fourth and third week consecutively.The average number of cases are recorded 1210 Read More
According to the Organisation of Petroleum Exporting Countries, OPEC, the average Nigeria’s oil output dropped Year-on-Year, by to 1.5 million barrels per day, mb/d (excluding condensate), in 2020. This, when compared, is a15 percent drop Read More
The Nigerian National Petroleum Corporation spent the total sum of N49.68 billion to repair and manage pipelines from January to October 2020. In its latest monthly report, NNPC published that a total of 363 vandalised points were Read More