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REPORT: Price of Diesel Increased In December 2020
The National Bureau of Statistics in its latest report has said that the average price paid by consumers for automotive gas oil (diesel) increased by N224.37, 0.28 percent in December. According to the report, while the price increased month over month, it decreased by -2.37% year-on-year from N229.81 to N224.37. “States with the highest average…
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Federal Government, State and LGs Share N619.3 Billion In December
The sum of N619.343 billion was shared as federation allocation for the month of December 2020 to the three tiers of government. This was disclosed at the Federation Accounts Allocation Committee at its virtual meeting. The Federal Government received N218.297bn; states received N178.28bn; Local Government councils got N131.792bn; while the oil-producing states received N31.827bn as…
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29.3% of Poor Nigerians To Get N5,000 in 6 Months
The Federal Government has said about 24.3 million poor Nigerians would get N5,000 each for a period of six months. This translates to about 29.3 percent of 82.9 million poor Nigerians receiving a total of N729bn within the six-month period. The announcement was made by the Minister of Humanitarian Affairs, Disaster Management and Social Development,…
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REPORT: Price Of Refilling Cooking Gas Increased In 2020
The rising inflation on the sales of food products in Nigeria’s market also reflected on the cost of refilling cooking gas in the country. The National Bureau of Statistics reported that the average price of refilling a 5kg or 12kg liquefied petroleum gas (cooking gas) increased by 0.12 percent and 1.75 percent respectively In the…
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FIRS Revenue Drops In 2020
The Federal Inland Revenue Service (FIRS) collected the sum of N4. 952 trillion in total tax revenue in the year 2020 as against previous years. Director Communications and Liaison, Mr Abdullahi Ahmad, said in a statement, that the figure represented approximately 98 per cent of the national tax target of N5.076 trillion set for the…
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In Three Years, Thousands of NECO Candidates involve in Malpractices
Within the last three years, the National Examination Council has consistently recorded thousands of candidates involved in several forms of malpractice. While publishing the results of the 2020 Secondary School Certificate Examination, the council indicated that 33,470 candidates of 1.2 million candidates who wrote the exams were caught in different forms of malpractice. In 2019,…
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Insufficiency likely to Drive More Children out of School
The number of children abandoning their education despite several programmes initiated by the government to improve learning in Nigeria keeps rising yearly. Challenges including insecurity, development of schools and low budget allocations have been outlined as major factors contributing to this consistent increase. However, the figures are likely not to drop as economic indicators show…
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In Four months, Federal Government Spent N226.8bn on COVID-19
The Federal Government has said it mobilised a total amount of N226.85 BN from multiple sources in response to the COVID-19 pandemic between March and June 2020. This was contained in the report released by the Office of the Auditor-General of the Federation and signed by the Auditor-General for the Federation, Anthony Ayine. Ayine said…
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AMCON Debts Pressures Nigerian Economy
The management of the Asset Management Corporation of Nigeria has called on sister agencies, the Federal government and stakeholders to support its drive to recover its current exposure. Having exhausted its ten years lifespan, AMCON outstandings still rolls over trillions of naira. AMCON was established to play an integral role in the recapitalisation of affected…
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Nigeria’s COVID-19 Cases Reach Highest Daily Record
Nigeria has set a peak on its daily record of cases reported within a week with over 8000 cases of COVID-19. In the first week of 2021, Nigeria recorded a total number of 8354 cases of COVID-19, the highest weekly record since the inception of the outbreak. During this week, the country has reported cases…