BY pr24 Feb 12, 2019 Economy, Election, Federal government, Governance, News, Risk, Security 0 Comment(s)

Ex-Militants Association Warns INEC, Security Personnel against Election Rigging

The South- South Wing of Ex-agitators (SSWA) through its National Coordinator, on Monday 11th February 2019, sent out warnings to the Military, INEC and security personnel in the country, against compromising results of the Saturday election polls in favor of the incumbent President, who also doubles as the APC Presidential candidate. The caveat was given […]

BY pr24 Jan 16, 2019 Africa, Economy, News, Security 0 Comment(s)

Buhari Introduces New Nigerian Passport with 10 Years Validity

There has been the introduction of a new national passport with a 10 year validity period by His Excellency, Muhammadu Buhari on Tuesday, 15th January to enhance security. The luncheon was performed at a Federal Executive Council (FEC) ceremonial meeting held at the presidential villa, Abuja, after which the President was reportedly issued a copy […]

BY pr24 Jan 15, 2019 Africa, Economy, Governance, News 0 Comment(s)

Intense Protests in Zimbabwe as Government Hikes Petrol Price

In an attempt to improve supplies as Zimbabwe grapples high gasoline shortage, angry protesters on Monday, January 2019, took to the roads- burning tyres, throwing stones and laying barricades, after the government doubled the price of fuel in the country. According to sources, when President Mnangagwa took over from Mugabe, he vowed to revive the […]

BY pr24 Jan 14, 2019 Economy, News, Security 0 Comment(s)

Herdsmen finally Accept Ranching in Nasarawa State

The Sakin Yaki Gaate of Gaate community, Nasarawa state on Monday, 14th January, disclosed the plan of the Myetti Allah Herdsmen to embrace ranching, having realized that proper management of crops and the “animal husbandry system” can lead to peaceful coexistence between farmers and herdsmen in the country, as both were mutually beneficial. This was […]

BY pr24 Jan 14, 2019 Economy, Election, Governance, News, Risk, Security 0 Comment(s)

Niger Delta Militants Warn Buhari to Cease Onnoghen Trial or Risk Oil Well Attacks

In what appeared to be warnings, the Coalition of Niger Delta Agitators on Sunday, 13th January, through an e-mail, vied to lay attacks on oil wells in the region if the incumbent President failed to cease the persecution of the Chief Justice of Nigeria, Justice Walter Onnoghen. Claiming astonishment over the said arraignment, the group allegedly […]

BY pr24 Jan 9, 2019 Economy, News, Security 0 Comment(s)

Nigerian Oil and Maritime Crime: UN Reports a $2.8bn Revenue loss in 2018

In a United Nations Report on the UNOWAS activities, its Secretary- General stated that Nigeria lost an estimated $2.8 billion in revenues in 2018, chiefly due to maritime and oil related crimes, taking from government figures. Making a comparison, there was a feared increase in drug trafficking throughout the regions, citing peculiar cases discovered by […]

BY pr24 Jan 9, 2019 Economy, Risk, Security 0 Comment(s)

Foreign Exchange: FMDQ; Naira down at N359.5/$ in parallel market

On Tuesday 8th January, the naira depreciated to N359.5 per dollar in the parallel market. According to sources, the live exchange rate platform of the Association of Bureaux De Change Operators of Nigeria (ABCON) in the market exchange rose to N359.5 per dollar from N359 per dollar on Monday 7th January, signifying a 50 kobo […]

BY pr24 Dec 17, 2018 Economy, News, Risk, Security 0 Comment(s)

Stock Market Sell-Off Worsens As Yelutide Season Approaches

Many investors in the Nigeria stock market have continued to sell off their holdings as Yuletide beckons. The sell-off in the market increased last week as reflected by the slide in the index, which declined from 30,718.72 basis points (bps) to 30,568.05 bps. The performance of the market was dragged by the sell-offs in heavily […]

BY pr24 Dec 4, 2018 Economy, News, Security 0 Comment(s)

FG Revenue Collection Falls By 38%, Deficit of N66.51bn Recorded

The Federal Government’s collected revenue fell by 38.4 per cent in October, and it recorded a deficit of N66.51bn within same period. The Central Bank has revealed. In the report, the apex regulator stated, “Federally-collected revenue (gross) was estimated at N682.06bn in October 2018. This was below the monthly budget estimate and receipts in the […]

BY pr24 Nov 14, 2018 Economy, News, Risk 0 Comment(s)

IMF Predict Weak Revenue Generation for Nigeria

The International Monetary Fund (IMF) has predicted a weak revenue generation for Nigeria, with this having some implications in the short term. Added to this also is the Federal Government’s recent projections of lower revenue for 2019 than budgeted for 2018. According to a report, declining crude oil price may also place additional macroeconomic pressure […]