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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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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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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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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…
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Nigeria Sustains over 1000 Daily Record of Covid19 Cases
In the second week of the new year, reported cases of COVID-19 surpassed 9000 with an average record of 1360.5 cases reported in a day. The total number of cases reported between 8th of January and 14 of January 2021 is 9524. The highest daily record was 1585 cases on Saturday while 1024 cases were…
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Insecurity: Approximately 23 People Died Everyday in 2020
A total of 8,279 deaths were recorded from insecurity in 2020. This is a report according to Nigeria Security Tracker (NST), a project of the Council on Foreign Relations’ Africa program. This insecurity ranges from insurgency, banditry, cultism robbery, kidnapping that occurred during the year. Nigeria, amid the fight to control coronavirus pandemic, had faced…
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Nigeria’s Inflation Hit Climax In Three Years
According to the latest Consumer Price Index report, released by the National Bureau of Statistics (NBS), Nigeria’s inflation rate increased by 15.75 percent (year-on-year) in December 2020. This is the highest rate recorded since 2017. The report showed that the latest figures are 0.86 percent points higher than the rate of 14.89 percent recorded in…