- 13 Percent
Transactions on Nigeria’s stock market rose 7.13 percent to N220.27 billion ($699.3 million) in June from a month earlier, lifted by increased flows from foreign investors, stock exchange data showed.
The value of foreign transactions on the local bourse rose by 6.66 percent to N101.53 billion in the period, according to the data.
- N400 billion
Almost a third of adult Nigerians pay civil servants and other public officials bribes totalling N400 billion ($1.27 billion) annually, the National Bureau of Statistics (NBS) said.
Some 42 percent of those polled had to pay bribes to speed up or finalize administrative work which civil servants would otherwise have delayed or refused to do. Some 18 percent of bribes were paid to avoid a fine and 13 percent to avoid cancelling of state services such as a water supply.
Passports or driving licences often cannot be obtained unless officials are paid a “dash”
- $23
Nigeria’s production cost per barrel of crude oil is down to $23, the state oil company NNPC said, after the country last month said the cost was $29 a barrel, one of the highest levels in the world.
The NNPC now aims “to bring the cost of production to between $17 and $19 for onshore and offshore production respectively.”
