IN THE NEWS

Daily Watch – Interpol busts Nigerian cybergang, Zainab touts border reopening

Nigeria is ready to reopen its land borders to trade for the first time in more than a year, the finance minister said on Wednesday. Africa’s largest economy closed its land borders in late 2019 in an effort to stamp out smuggling from neighbouring West African nations. Finance, Budget and National Planning Minister Zainab Ahmed told journalists that the president would determine the date of reopening. Ahmed said a presidential committee set up on the matter has completed its job and recommended the reopening of the borders. The minister did not disclose when the report will be submitted and how soon the land borders will be reopened.  Following a year-long investigation led by Interpol, three members of a prolific cybergang with a confirmed victim count of about 50,000 organizations have been arrested recently in Lagos, Nigeria. The suspects are likely part of a larger organized group involved in business email compromise (BEC) attacks since at least 2017. Cybersecurity company Group-IB has been tracking the gang since 2019 and assisted the Interpol-led investigation, which received the code name Operation Falcon. The Nigerian Police Force apprehended the three suspects. Its cybercrime unit analyzing electronic devices belonging to the three suspects determined their ...
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NEWS

Daily Watch – Nigeria rising to Indian oil demand, New crime proceeds agency imminent

The Federal Executive Council has approved a bill that seeks ...
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Daily Watch – Inflation continues relentless march, DSS operative killed in Katsina

Nigeria’s annual inflation recorded its biggest increase so far this ...
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Daily Watch – Unions serve strike notice, Kainji Dam bursts banks

The United States on Monday imposed additional visa restrictions on ...
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Daily Watch – Malami clips NBA on ‘stamp and seal’, Okun demand South-West state

A new gazette by the Attorney General of the Federation ...
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Daily Watch – Buhari orders forex freeze on food imports, Azura on verge of default

President Muhammadu Buhari has directed the Central Bank of Nigeria ...
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Daily Watch – Nigeria demands $1.1bn from Eni, Overtakes India in world under-5 mortality

Nigeria has taken over from India as the world capital ...
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Daily Watch – FG discards petrol price band, Trump accused Buhari of killing Christians

Vice-President Yemi Osinbajo has said the poverty situation in Nigeria ...
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Daily Watch – Petrol import bill rises, Middle Belt elders turn against service chiefs

Elders in the North Central states of the country have ...
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Daily Watch – CBN hits betting companies, Abuja on high alert over terror scare

Nigeria has received more time from a London court to ...
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Daily Watch – ISWAP strikes Kukawa again, CBN gives maize import waivers

Suspected members of the Islamic States West Africa Province have ...
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Daily Watch – Petrol prices hit new naira record, NBA reunites

Nigeria recorded a trade balance deficit of ₦1.8 trillion at ...
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Daily Watch – Oil tax receipts shrivel in May, BUA selects builder for Akwa Ibom refinery

The tax revenue accruing to the FG from Production Sharing ...
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Daily Watch – Fuel subsidy gulps ₦5bn in June, Lecturers kick against schools reopening

The Central Bank of Nigeria said it will grant more ...
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Daily Watch – ISWAP strikes Cameroon island, Capital inflows plunge on COVID-19

Nigeria's Senate will advise the finance ministry to remove up ...
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The week ahead – Flammable

Nigeria’s economy contracted for the first time in three years ...
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Daily Watch – BDCs back in dollar game, AfDB reelects Adesina

Nigeria's refineries processed almost no crude oil in the 13 ...
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Daily Watch – New fissures emerge over Amotekun, New electricity tariff approved

The FG has approved auditors led by Ernst & Young ...
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Daily Watch – Nigeria (and Africa) free of wild polio, Police recruitment requirements suspended

The World Health Organisation has declared Africa free of the ...
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Daily Watch – GDP contracts sharply in Q2, FG enters crisis mode over Azura

Nigeria’s economy contracted for the first time in three years ...
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Daily Watch – DSS loses men in IPOB confrontation, Kaduna communities sue for peace

The Atyap, Fulani and Hausa communities in Kaduna have agreed ...
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Daily Watch – COVID-19 plunges 100m into extreme poverty, Constitution review committee starts work

The head of the Nigeria Centre for Disease Control, Chikwe ...
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Daily Watch – ISWAP abducts hundreds from Borno town, Mali president quits after coup

Malian President, Ibrahim Keita, announced Wednesday that he is resigning ...
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Daily Watch – Enron Nigeria seeks 1999 contract payment, World Bank jittery about FG reform promises

The World Bank may not approve Nigeria’s request for a ...
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Daily Watch – Diri axed from Bayelsa governorship, Budget to hit new record in 2021

Annual inflation in Nigeria rose for the 11th straight month ...
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