Economic Update: July 2024 In June 2024, Nigeria faced significant economic and security issues. In the regions of Benue, Plateau, Adamawa, Nasarawa, and Borno, violence has heavily impacted food production and security. Farmers in Niger, Kaduna, Katsina, and Zamfara face levies or tributes imposed by bandits and terrorists before they can plant or harvest …
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 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 …
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 …
Security Update: Nigeria April 2024 🔴 Plateau State: Bokkos & Mangu LGAs: Tragic incidents on April 12 saw 10 lives lost as gunmen targeted Mandung-Mushu and Kopnanle villages. Properties were destroyed and residents killed under the cover of darkness. Military Response: The Nigerian Army has addressed allegations of misconduct, denying claims that troops shot civilians. …
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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Security Update: Nigeria – Government Actions and Observations on Recent Improvements April 2024 saw distressing security incidents in Nigeria, but also steps by the government towards mitigation and improvement in the nation’s security and economic landscape. Government’s Response to Kogi State Violence: Following the devastating attack in Agojeju Odo and Abejukolo, Kogi State, where …
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Security Update: NIGERIA Recent Developments In a significant and positive development, the children abducted from a school in Kuriga, Nigeria, have been freed. This resolution marks a critical moment in the ongoing efforts to address the security challenges plaguing the nation, particularly the disturbing trend of mass abductions targeting educational institutions. Incident Overview The abduction, …
The Big Data Wave: Transforming Industries and Lives 🌐 #WhenTheDataIsBig 🚀 In today’s digital era, where every click, swipe, and interaction create a data point. We are riding an unprecedented wave of information. Big Data is not just a buzzword; it’s the heartbeat of modern innovation that
Nigeria’s Economic Update Nigeria’s economic scene in 2024 continues to capture the attention of both local and global observers. Amidst a backdrop of challenges, including a persistent shortage of foreign currency liquidity that has seen the Naira experience significant fluctuations against major currencies, there emerges a narrative of resilience and strategic intervention. The exchange rate …
