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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 …

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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 …

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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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Sentiment Analysis of LG Autonomy Most of the tweets expressed positive sentiment towards the LG autonomy policy, indicating general support and favourable opinions. A significant portion of tweets were neutral, providing factual information and updates without strong emotional tones. A smaller percentage of tweets were negative, reflecting concerns and criticisms. Positive Themes Support for Autonomy: …

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Economic Update for Nigeria: Mid-June 2024 As of mid-June 2024, Nigeria is experiencing significant economic volatility, marked by persistent inflation, labour unrest, and currency devaluation. The economic landscape is largely influenced by domestic policy decisions, ongoing labour disputes, and external economic pressures. Inflation Trends: Nigeria’s inflation rate has continued to rise, reaching 33.95% in May …

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