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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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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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📢 Insecurity Update in Nigeria: End of Month Report – May 2024 On May 25, 2024, in Unguwar Lamido, Guga Ward, Bakori LGA, Katsina State, there were two tragic incidents. Eight individuals were killed, and 26 were kidnapped in a single day. In a separate location, Gidan Kare near Lamido, 26 people were killed, with …

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ECONOMIC UPDATE: END MAY 2024 REPORT Inflation in Nigeria continued to rise, impacting the cost of living and increasing economic pressure on households. The rising inflation rate has been a significant concern for many Nigerians as it erodes purchasing power and affects daily life. Additionally, Nigeria is facing a foreign exchange rate crisis. This situation …

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Insecurity Update: Nigeria – April 2024 The month of April 2024 has seen a continuation and escalation of insecurity issues across various regions in Nigeria. This report consolidates recent incidents of violence including killings, abductions, and military engagements, providing an overview of the gravity and spread of security challenges currently facing the nation. Major Incidents: …

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