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The oil and gas sector took a lot of loans that they could not pay back, thereby raising banks’ exposure to non-performing loans (NPLs), a Dataphyte review of financial statements of banks has shown.
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Nigerians encountered challenges with the apex bank policy, with failed transactions, poor network and lack of cash dotting the country’s landscape between January and March.
Debt servicing has been a major problem at both state and federal levels.
Zenith Bank, in the 2022 financial year, lent a total gross loans of N4.12 trillion. The loan composition shows that corporates got 62.3 percent of the total loans disbursed for the 2022 financial year.
Agriculture has been a shining light in the Nigerian economy, contributing 25.58 percent to the gross domestic product in 2022, according to the National Bureau of Statistics (NBS). The sector contributed 26.46 percent to overall GDP in real terms in the fourth quarter of 2022,
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Dataphyte reviewed the budget performance documents of different states to analyse what they earn as tax. A review of some selected states reveals disparities in their tax earnings.
Its naira redesign policy has led to frustrations as businesses and households struggle to access their cash at banks to make daily transactions.
Officially, nine of the 11 governors who sought re-election in the March 18 polls held across Nigeria have been returned by INEC for another term of four years.
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…the plight of Persons With Disabilities
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Since 1999, Delta, an oil-rich state in the South-South part of Nigeria with a population of 5.6 million, has been governed by the People’s Democratic Party (PDP).
...the price per barrel of crude oil dropped from N50,036 in July 2022 to N38,606 in January 2023, representing a 22.84 percent decrease.
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Reports and field evidence seen by Dataphyte show that in different locations, INEC officials were reportedly attacked by suspected thugs.
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There have been widespread late arrival of INEC materials and observers across different polling units in the country, a development that has marred the process.
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INEC has failed to live up to its promise of uploading results on its paortal, fuelling suspicion of election rigging, which the new technology was mwant to fix.
At polling stations 10 at Ikwo Local Government Area of Ebonyi State, Tinubu got zero vote, while Atiku obtained 10 votes. Obi amassed 80 votes.
