-
#DailyChart: Polling unit agents
-
What To Know About Nigeria’s New Oil Deal With South Korea
Nigeria has finalized an agreement with South Korean-based company, Daewoo to rehabilitate the Kaduna refinery. According to an announcement by the Nigerian National Petroleum Company Limited has signed an agreement with Daewoo Group of South Korea for the rehabilitation of the Kaduna Refinery, the government said Thursday. A spokesperson for President Muhammadu Buhari said in a statement…
-
Special Report: Here is Why Children Are Dying Every Day In Somalia
For five years now, the Horn of Africa has been hit by consecutive failed rainy seasons, leading to one of the worst famines experienced in these regions in a decade. The famine is destroying crops and driving the cost of food out of reach of many. In Somalia alone, 7 million people (out of a…
-
What You Need To Know About The Highly Infectious Marburg Virus
On Monday, Ghana’s Ministry of Health officially confirmed two cases of the Marburg virus after two people who later died tested positive for the virus in the first week of the month. As expected, the recent detection has driven speculations on if the virus originates from Africa and how high or low its fatality rate is. Here…
-
Unsold Inventory Dips By 33.4% In 2021
Available data obtained from the Manufacturers Association of Nigeria shows that the inventory of finished but unsold manufactured products dropped by 33.4 percent to N384.58 billion in 2021 from N577.61 billion recorded in 2020. MAN said that manufacturing inventory of unsold finished products in key segments dipped to N169.75 billion in the second half of…
-
11 ECOWAS Countries In Debt Distress
A new report by the Nigerian Economic Summit Group and the Open Society Initiative for West Africa has disclosed that the eleven economic communities of west african states countries are currently in debt distress based on debt sustainability analysis. The countries are Nigeria, Benin, Burkina Faso, Cabo Verde, the Gambia, Ghana, Guinea Bissau, Liberia, Niger,…
-
Mobile Transactions Hit N8.07tn In Five Years
According to the Nigeria Interbank Settlement System and Nigerian Communications Commission, mobile transactions in Nigeria have jumped by 4,009.58 percent to hit N8.07tn within a five-year period as the number of telecommunication subscribers rises by 34.91 per cent to 195,128,265. Reports on the mobile inter-scheme transaction data tracked on the NIBBS portal revealed that mobile…
-
Trading In Fixed Income, Currency Markets Drop By 31.2%
A January 2022 report released by the FMDQ Exchange has revealed that trading in the fixed income and currency (FIC) market has slumped back to 31.21 percent after the December 2021 uptick. The report said that Nigeria’s financial markets trading platform has put transaction volume at N14.13 trillion, down from N20.54 trillion recorded in December,…
-
What Is Driving The Worsening Food Crisis In South Sudan
A new report by the United Nations revealed that up to 7.7 million people in South Sudan – some 63 percent of the population – are currently facing a food crisis. Since its independence in 2011, the oil-rich state has suffered instability, driven by extreme weather conditions, and internal armed conflict. Now the UN’s reports share…
-
Several Civilians Killed As Air Raid Hits Ethiopia’s Tigray
A television station controlled by regional authorities has reported an air raid on Mekelle, the capital of northern Ethiopia’s Tigray region, despite adamant denials by the government. The broadcast shared that several civilians were wounded in the recent air raid which is the first of its kind in Mikelle since the conflict erupted last year.…