-
In Five Years, Prices Of Bread, Rice Increased
According to data obtained from the National Bureau of Statistics, the average prices of bread and rice in Nigeria have been recording significant increases in the past five years. A year-on-year analysis of the average prices from January 2017 to January 2022 based on data from the NBS shows that bread (unsliced, 500g) and rice…
-
Why Tunisians Are Ignoring The President’s Call To Change The Constitution
In January, Tunisian President Kais Saied released an online questionnaire asking citizens to join in the process of rewriting the constitution. With just a few days to go until the portal closes on Sunday evening, only 412,000 people – less than six percent of the seven-million-strong electorate – have taken part in the consultation as…
-
Google Brings Africa’s First Underwater Internet Cable To Togo
Tech giant Google has announced Togo would be the first landing for its new underwater internet cable infrastructure that would improve high-speed and affordable internet access to millions of people in Africa. This is one of the moves Google is making to initiate its plans to support “a range of initiatives from improved connectivity to investment in startups” across…
-
Nigeria’s Inflation Rate Increases To 15.7% In February
The Consumer Price Index rose to 15.7 per cent in February from 15.6 percent in January 2022. This is according to the latest figures from the National Bureau of Statistics. The NBS disclosed this in its ‘Consumer Price Index February 2022’ report. According to the NBS, the highest increases were recorded in prices of gas,…
-
Nigerian Passport Ranks 98th Out Of 199 Countries
According to the ranking released by Henley & Partners, the Nigerian passport ranked 98th out of 199 countries. This is below those of other African countries such as Malawi, Niger, Chad, Zimbabwe, Uganda and The Gambia. The report was released by Henley & Partners, a London-based global citizenship and residence advisory firm, which publishes its…
-
Lagos Has Highest Number Of Food-insecure People
A new data by the Federal Government in partnership with the Food and Agriculture Organisation of the United Nations, World Food Programme, Action Against Hunger, among others, has revealed that Lagos State has the highest number of food-insecure people in the country. The Food Security analysis report, otherwise called the Cadre Harmonise, which analysed 21…
-
Nigerians Spent $2.29 billion On Beer In 2019
A new report by Oxford Economics has shown that Nigerian consumers spent $2.29 billion (approximately N826.69billion) in 2019 on beer. The Study titled: “Beer’s Global Economic Footprint”, commissioned by World Brewery Alliance which assessed the beer sector across 70 countries, covering 89 percent of beer sold worldwide, by volume, revealed that Nigeria ranked 30th in…
-
South Africa Reports 1.2% Economic Growth In The Last Quarter Of 2021
A new report focused on the final quarter of 2021 showed an expansion in South Africa’s economy following recovery in the agriculture and manufacturing industries. Data from Statistics South Africa said gross domestic product (GDP) grew by 1.2% quarter on quarter in the last three months of 2021 following a contraction of 1.7% in the…
-
How Russia’s Invasion Of Ukraine Affects Food Prices Globally
As Russian troops intensify their assault in Ukraine, seizing control of major Ukrainian cities like Kherson, wheat, corn and vegetable oil prices have risen by double-digit percentages. Wheat currently retails at $900, its highest in 14 years. Ukraine, a major exporter of grains and sunflower oil have shut down all ports until the end of…
-
EU Launches Investment Deals In Africa To Rival China’s Dominance
The European Commission President Ursula von der Leyen has announced the launch of a new investment package worth €150 billion ($169.67bn) for Africa, in a bid to create an alternative to Chinese loans and investments that the continent has relied on for some time now. Leyen at the news conference in Dakar with Senegalese President…