Business News

Security Update: Rising Violence and Abductions in Nigeria

Security Update: Rising Violence and Abductions in Nigeria   Recent incidents across Nigeria have highlighted the escalating security challenges confronting the nation: Sokoto State Attack: On Sallah day, armed assailants believed to be terrorists invaded Tudun Doki village in Gwadabawa Local Government Area around 1:30 AM. Six individuals were confirmed dead by police, with several …

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Understanding Overfitting in Random Forest and Mitigation Strategies with Regularization By Tewogbade Shakir

Understanding Overfitting in Random Forest and Mitigation Strategies with Regularization – By Tewogbade Shakir Overfitting is a common challenge in machine learning, where a model performs exceptionally well on training data but fails to generalize to unseen data. This phenomenon can significantly hinder the model’s predictive capabilities in real-world applications. Random Forest, a powerful ensemble …

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NIGERIA SECURITY UPDATE – MAY 2024

NIGERIA SECURITY UPDATE – MAY 2024 In May 2024, Nigeria experienced significant security incidents highlighting the critical need for intensified efforts across the country. In Tsafe, Zamfara State, bandits invaded a market resulting in over three fatalities and this signifies continuous security challenges in the region. The market invasion in Tsafe not only caused three …

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Predicting bank loan defaults using the ID3 (Iterative Dichotomiser 3) algorithm

Predicting bank loan defaults using the ID3 (Iterative Dichotomiser 3) algorithm 1.0 Dataset Understanding First, we create a hypothetical dataset of ten records with the following features that might influence loan defaulting: Age (Young, Middle-aged, Old), Income (Low, Medium, High), Credit Score (Low, High), and the target variable Loan Default (Yes, No). ID AGE INCOME …

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Nigeria’s Economic Pulse – March 2024 Update 🇳🇬💹

Nigeria’s Economic Pulse – March 2024 Update 🇳🇬💹 📉 Exchange Rate Evolution: A significant turn as the Naira witnesses a depreciation against the US dollar, roughly around 41% in the official market, and about 30% in parallel markets. This reflects the depth of the exchange rate adjustments as part of broader reforms. 📈 Inflation Insights: …

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Nigeria’s Economic Update: Understanding the Present

Nigeria’s Economic Update: Understanding the Present 📉 Unprecedented Inflation Rates: The inflation rate reached a record high of 29.9% in January 2024, indicating severe macroeconomic instability. #InflationAwareness 🌐 Historic Currency Depreciation: The Nigerian naira currency has depreciated significantly, reaching N1544 to $1 US dollar (official rate) and N1585 to $1 US dollar (Black Market rate) …

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Nigeria’s Economic Update: Understanding the Present

Nigeria’s Economic Update: Understanding the Present 📉 Unprecedented Inflation Rates: The inflation rate reached a record high of 29.9% in January 2024, indicating severe macroeconomic instability. #InflationAwareness 🌐 Historic Currency Depreciation: The Nigerian naira currency has depreciated significantly, reaching N1544 to $1 US dollar (official rate) and N1585 to $1 US dollar (Black Market rate) …

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