According to the National Household Kerosene report, household kerosene has risen by 118 per cent in the last 12 months. NBS said the average retail price per litre of the product rose by 118 per cent to N947 from N434 recorded in September 2021. According to the report, the average retail price per litre of […]Read More
According to the National Bureau of Statistics, Nigeria’s Inflation hit a new high of 20.77 percent in September as food supply, foreign exchange crisis, and increases in import costs worsened. In August, inflation rose to a 17 year high of 20.52 per cent which has now been broken by September’s figure. NBS disclosed this in […]Read More
According to data from the States’ Internally Generated Revenue, Nigerians across 36 states of the federation paid N1.23 trillion in taxes in 2021. This is a 19.19 per cent increase from the N1.03 trillion paid in 2020. This is according to a report by the National Bureau of Statistics which said that tax revenues accounted […]Read More
In 2020, Zanzibar initiated the Blue Economy Policy, a 10-year nationwide sectoral framework for the implementation of a sea-based economy In 2020, Zanzibar initiated the Blue Economy Policy, a 10-year nationwide sectoral framework for the implementation of a sea-based economy characterized by better protection of the sea and sea resources, utilization of maritime and marine […]Read More
Last week Tuesday, officials of the Nigerian Customs intercepted 7,000 donkey penises at the international airport in Lagos being exported to China in Nigeria’s latest illegal export trend. Sambo Dangaladima, the Customs comptroller, told reporters that donkey genitals were found in 16 sacks said to be worth an estimated 200 million Naira (£416,000). The suspect […]Read More
Namibia is creating clean energy sources to tackle its electricity problems through its newly developed hydrogen power systems. A senior executive at HDF Energy shared that the new green hydrogen power plant in Namibia, Africa’s first, would start producing electricity by 2024, putting an end to Namibia’s dependency on South Africa for up to a […]Read More
Data from the Nigeria Immigration Service has shown that the number of passports issued rose by 38 percent between 2020 and 2021. This is an increase from 767,164 to 1,059,607 passports issued in 2020 and 2021 respectively. According to NIS, the passport types ranged from standard, official, diplomatic, emergency travel certificates and refugee passports or […]Read More
Nigeria’s inflation rate has risen by 0.92 basis points to 20.52 percent in August 2022, from 19.6 percent in July. This is the highest record since October 2005 and it represents the seventh consecutive monthly rise in Headline inflation since February. Also, Food inflation rose to 23.12 percent in August 2022, representing a 1.1 percentage-point […]Read More
Japan has joined other countries like China and Russia to compete in Africa’s investment market. The country recently pledged $30 billion in aid for development in Africa, saying it wants to work more closely with the continent. At the eighth Tokyo International Conference on African Development (TICAD8) held in Tunisia, Japanese Prime Minister Fumio Kishida said […]Read More
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