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Crude oil prices have risen in the last two months, going from $74 to $91.72 per barrel between December 2021 and January 2022. Although there were a few dips in prices within the period, crude prices increased by 23.9% between the last month of 2021 and the first month of the year.
It’s a pleasure to introduce to you the next newsletter from Dataphyte’s Insight Team. We’re so inspired by your acceptance of Marina and Maitama, our Thursday Newsletter. And here’s the next: Pocket Science!
Efforts to unify the CBN and parallel market exchange rates, however, have contributed more to the constant depreciation of the Naira against other foreign currencies over the past six months.
In the first part of the “What are the leading candidates promising Nigerians” report, Dataphyte examined the plans of the presidential candidates of the Peoples Democratic Party (PDP) and Labour Party (LP) across insecurity, economy, education, unemployment, and poverty, as stated in their manifestos.
N26.17 trillion was the total figure of unbanked money in Nigeria from January to November 2021. This figure was the amount of money circulating in the Nigerian economy for various transactions that is not accounted for by the country’s banking system.
Details in the final copy of the 2022 budget of the country have shown that over 22 per cent will be spent on debt servicing.
From health to gender, security, agriculture, extractives and other sectors, Dataphyte covered all the pertinent events that unfolded in the country in 2021 and “made it make sense” for Nigerians, bringing deeper insights into the issues.
Nigeria has been losing 2.2 billion naira (N2,177,089,051) each day since the #Twitterban, using the exchange rate as of November 2019, according to Netblocks’ estimates.
Despite COVID-19 pandemic erasing $79 billion in Africa’s output in 2020, a new report by the World Bank has shown that Africa’s trade pact could boost the region’s income.
For Today’s Numbers to Ponder, Nigeria witnesses 1.87% economic growth, amidst the global pandemic and crude oil price slash. In the same vein, the country’s export cashbook recorded N4.75tn as export revenue. Between 2015 and 2019, the Nigerian government budgeted N464m for eight human-related clinical trials of locally produced drugs. Moreso, it has also approved 10 billion naira worth of loans and grants to various groups to conduct for healthcare-related research.
Though the sermon ridicules the potency of Coronavirus, Chibuzor’s mind raced out of the church to clients who will not open their offices the next day. The shouts of Amen to the proclamation of God’s safety in a time of the Coronavirus pestilence brought him back from the worries of a Monday without a day job.
As Coronavirus pandemic ravages the health of Nigerian, the fever is crushing the Nigerian economy even more. The coronavirus has a tendency of slow and gradual destruction. It starts with the stage of infection where even the victim is not aware of its presence. Then after a couple of days, it gradually finds its way to the lungs, its object of destruction. At this stage, the person starts showing signs of its presence. Then slowly it eats into the lungs causing great damages which may result in the death of its victim.
