Kehinde Ogunyale

Reporting on the data-driven economy, and investigations.

Food Inflation Rocks Nigeria’s Economy

A report published by the National Bureau of Statistics revealed that the prices of food rose by 1.3 percent in December 2020. The closely watched index rose sharply by 19.56% in December compared to 18.3% recorded in the previous month. According to the report, “On a month-on-month basis, the food sub-index increased by 2.05% in […]Read More

BokoHaram: In 10 Years, over 34,000 Nigerians Have Been Killed

Data obtained from Nigeria Security Tracker has shown that a total of 34,579 Nigerians have died as a result of the insecurity threat posed by the jihadist group, Boko Haram. The group, said to have begun its insurgent attack on the Nigeria government in 2009, is known for extinguishing several Nigerians, ethnic group, farmers from […]Read More

1.8 Million Nigerians Contracted HIV/AIDS Amid COVID-19 Crisis

An estimated population of 1.8 million Nigerians are living with transmittable HIV/AIDS infection, a report by the National Agency for the control of AIDS revealed. The agency, established to monitor, educate and evaluate all HIV/AIDS activity in the country, reported that 13 out of every 1000 random people selected are likely to test positive to […]Read More

Nigeria’s Debt Service Charge Rise By 89%

The cost of servicing Nigeria’s public debt has increased by 88.8 percent in the third quarter of last year (Q3’20). The debt rose from N425.7 billion in Q2’20 to N803.69 billion. The amount was used to service the country’s debt stock of N32.22 trillion during the review period. According to the National Bureau of Statistics, the […]Read More

COVID-19: Pandemic Dropped School Attendance To 54%

The effect of the coronavirus pandemic, which has stalled economic growth in most global countries including Nigeria, has similarly affected the educational responsiveness of children attendance in schools. Months before the gradual reopening of schools in various states, concerns grew on the effect of the lockdown on the educational sector. This led to the adoption […]Read More

Second Wave of COVID-19 Threatens Lagos Economy

Nigeria’s economic capital, Lagos State, might need to initiate additional control measures to control the spread of coronavirus, as the state, just in five days of the new year recorded over two thousand cases of the virus. Lagos State, known for industrialization, has championed Nigeria’s economy with increasing capital investment, internally generated revenue, infrastructural and […]Read More

In 9 Months, Eight Banks Made N26.73bn from International Trade

Between January and September, eight banks gained a total of N26.73billlions from Letter Credits issued for international trade transactions, indicating a 23 percent increase as against the N21.68billion in the previous year. The letter credit is issued by banks to guarantee that a seller will receive a buyer’s payments on time and for the full […]Read More

Nigerians Spend More to Eat than Live

More than 82 million Nigerians, who live on less than $1 a day, are finding it difficult to eat a basic three square meal as the food inflation in November hits 18.30 percent in November 2020 compared to 17.38 percent in October 2020. The latest data by the National Bureau of Statistics recorded that the […]Read More

Covid19: Nigeria Generated More Loans in Q3 2020

According to the latest report by the National Bureau of Statistics, Nigeria received more loans in the third quarter of 2020. These loans amount to $624.45 million of the total $1.4billion received in the said year. In the third quarter of 2020, Nigeria had just opened its economy to allow transactions after shutting it down […]Read More

REPORT: 7 States Contributed to $1.4bn Capital Importation in Q3

With a 12.86 percent increase, when compared to the second quarter of 2020, the total value of importation into Nigeria in the third quarter stood at $1,461.49m as only seven states contributed to this increase. The National Bureau of Statistics published that the largest amount of capital importation received was through other investment, accounting for […]Read More