Month: November 2024

Nigeria Economic Update: Week Ended 24th November 2024 The Tinubu administration acknowledged that recent economic reforms have weakened Nigerians’ purchasing power but pledged to prioritize social investment programs to cushion the impact, maintaining a balance between reform and poverty alleviation. The IMF’s support for these reforms has boosted international confidence in Nigeria’s economic trajectory, potentially …

Nigeria Economic Update: Week Ended 24th November 2024 Read More »

Recent developments highlight persistent security challenges across Nigeria, with law enforcement taking significant actions amidst emerging threats: 🔸 Election Security: Ahead of the upcoming Ondo governorship election, Inspector General of Police Kayode Egbetokun has banned Amotekun and other vigilante groups from election-related activities to prevent potential violence. Over 22,000 officers have been deployed to ensure …

Nigeria Security Update: Week Ended 10 November 2024🚨 Read More »

Recent economic developments in Nigeria have painted a picture of both progress and ongoing challenges. Nigeria’s foreign exchange reserves have surged to $40 billion, reaching the highest level in 33 months. This improvement, as announced by Central Bank Governor Olayemi Cardoso, represents a significant boost in economic stability and it provides improved cushion against external …

Nigeria Economic Update: Week Ended 10 November 2024 📊 Read More »

SECURITY REPORT: END OF OCTOBER 2024 The recent security developments in Nigeria reveals complex and evolving landscape marked by both escalating threats and critical law enforcement actions. The Nigeria Police Force made a significant breakthrough by arresting 113 foreign nationals from China and Malaysia for involvement in high-level cybercrimes (Figure 1). This effort is a …

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