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CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown

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Tag: Insecurity

Investment

Tinubu seeks UK partnership to tackle Nigeria’s insecurity

President Bola Tinubu stated on Wednesday that he is ready to engage with the British government to combat insecurity in Nigeria. Speaking at a reception organised for him and his wife at Windsor Castle by the British Royal Family, President Tinubu noted that Nigeria, the largest democracy in the West African sub-region, faces serious security […]

Why we withdrew interest in Kogi land - BUA
Business

Kogi temporarily shuts markets, parks in Kogi-West to tackle insecurity

The Kogi State Government has announced the temporary closure of selected markets and motor parks across parts of Kogi West Senatorial District as part of intensified security operations targeting terrorists, bandits, and other criminal elements. The announcement was made on Sunday by the State Commissioner for Information and Communications, Kingsley Femi Fanwo. He said the […]

Finance

Insecurity: States spent N525bn on security votes in three years

States across Nigeria earmarked a combined N525.23bn for security votes and related operations between 2023 and 2025, according to an analysis of figures extracted from their approved budget documents. The budgets analysed are contained in Open States, a BudgIT-backed platform that serves as a central repository for government budget data across the country. Despite the […]

Minister of Youths and Sports, Sunday Dare
News

Nigeria needs global synergy, cannot face terrorism alone — Tinubu’s aide

The Special Adviser to the President on Media and Policy, Sunday Dare, stated that Nigeria’s campaign against terrorism necessitates robust international collaboration, asserting the nation cannot tackle the menace in isolation. His comments surface during heightened worry over the recent kidnapping of 25 female students from the Government Girls Comprehensive Secondary School in Maga, Kebbi […]

NESG condemns FG's N3.5tn budget for education, health
Conferences featured

Tinubu postpones G20, AU-EU summits amid security concerns

President Bola Ahmed Tinubu has postponed his scheduled trip to attend major international summits in South Africa and Angola, opting instead to await further security briefings regarding recent attacks and abductions across the country. This was disclosed in a press release issued by Special Adviser to the President (Information and Strategy), Bayo Onanuga, on Wednesday. […]

Travel

UK warns citizens against six Nigerian states over insecurity

The United Kingdom’s Foreign, Commonwealth, and Development Office has released a new travel warning for Nigeria, citing escalating insecurity, violent crime, terrorism, and kidnappings across multiple regions of the country. In its latest Foreign Travel Advice, the FCDO stated, “Insecurity is increasing across Nigeria. Kidnapping, violent crime, and intercommunal violence occur throughout all regions of […]

Business

Shell’s oil production drops over insecurity, theft – Report

One of the global energy giants, Shell has said its production in Nigeria dropped by a quarter in 2022 as it continues to fight insecurity and crude oil theft. This was disclosed in the organisation’s annual report released on Thursday accessed by BusinessDay. According to the report, the company said its share of production, onshore […]

TETFund urges FG to increase education tax
Business

Buhari holds emergency meeting over naira, fuel crises

President Muhammadu Buhari will call an emergency Council of State meeting on Friday in order to address the issues plaguing the country, including the naira, petrol shortage, and insecurity ahead of the February 25 presidential election. According to Daily Post, on Friday at 10 a.m., the Central Bank of Nigeria, and the Independence National Electoral Commission […]

Oil Theft: Nigeria loses $150m every two days
featured

Economic expert implores federal, state govt. to fight off insecurity, oil theft

Development and economics specialist, Dr. Chiwuike Uba, has encouraged the federal and state governments to work together to take decisive action against pervasive insecurity and oil theft. The Amaka Chiwuike-Uba Foundation Board Chairman, Uba stated in a statement on Tuesday that the two key issues had completely disrupted the nation’s financial flow and earnings for […]

Companies insure top executives against kidnapping
News

Companies insure top executives against kidnapping

Some companies, especially multinationals in Nigeria, are obtaining insurance for their top executives in case they are taken hostage as kidnappings soar in the country. A report by SBM Intelligence revealed that an average of 13 people were kidnapped in Nigeria every day in the first half of 2021. Business Day reported that as of […]

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