IN THE NEWS

Daily Watch – Customs shuts Nigeria-Niger border post, Borno military base changes hands between ISWAP and Army

Three suspected sea pirates have been arrested in Bayelsa and Rivers states in connection with the kidnapping of four expatriates from the United States of America. The suspects – Tony Ebiyepade, General Karinatei Timidiseghe and Godbless Oruboro – were reportedly tracked down through leaked telephone conversations. They allegedly specialised in kidnapping expatriates and collecting huge sums for their release. Detectives from the Intelligence Response Team began tracking the syndicate in August 2020, which consequently led to the arrest of a member. It was gathered that two other suspects were later apprehended by the operatives recently. Ebiyepade, who lived on Ebi-Sam Road, Agudama in Bayelsa, said he participated in several kidnappings but was not involved in the abduction of the Americans. He stated, “I was a fisherman from my childhood. I was arrested by the police in Yenagoa in August 2020. At first, I did not know why I was arrested but when I got to the station, I was told that I was involved in kidnapping and sea piracy. Timidiseghe, 35, who also denied his involvement in the kidnapping of the Americans, confessed that he specialised in drugs and made a fortune from them. Oruboro, father of two, stated that ...
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NEWS

Daily Watch – Senate defers 2016 budget, More people port their mobile numbers

The Senate has reneged on its promise to pass the ...
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Daily Watch – Kano pure water businesses claim 2 million job losses, Fuel scarcity may linger over forex

The downturn in the economy is hitting small businesses hardest ...
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Daily Watch – Inflation enters double digits, Ghana moves against Nigerian cement

The Consumer Price Index, which measures inflation, hit 11.4 percent ...
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Daily Watch – NASS settles on $36 budget benchmark, Ogun workers strike on

BusinessDay is reporting that the National Assembly has adopted a ...
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Daily Watch – Nigeria promises to punish economic saboteurs, Poultry supply gap means more smuggling

Nigeria has warned that it will deal ruthlessly with people ...
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Daily Watch – Naira “stabilises” at 320 per USD, MTN winks at NCC

The NNPC staff union has suspended its industrial action, which ...
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Daily Watch – Lagos seals Lekki Gardens over building collapse, NNPC restructuring causes labour dispute

Minister of State for Petroleum Resources, Emmanuel Kachikwu has explained ...
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Daily Watch – GDP growth rate hits 16-year low, NNPC broken up

Nigeria's GDP growth rate has fallen to a 16-year low ...
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Daily Watch – Oil rises to $40, Kwara looks at housing

The global benchmark for crude oil, Brent crude, has risen ...
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Daily Watch – Nigerian banks facing tough times over letters of credit, Telephone user-base increases

Nigerian banks are facing one of the most serious threats ...
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Daily Watch – NNPC goes next week, Air fares shoot through the roof

Nigeria will carry out a major overhaul of the NNPC ...
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Daily Watch – Nigeria spends 80% of revenue on debt, Power hits lowest level since new government came in

The total trade volume of Nigeria and Turkey currently stands ...
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Daily Watch – Major miners avoid Nigeria, Dangote Cement grows stronger

The ongoing petrol scarcity in Nigeria took a tragic turn ...
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Daily Watch – Electricity generation drops further, Used car dealers feel the pain

Inadequate supply of gas to the power station and explosions ...
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Daily Watch – Fears over banks’ year end reports, 2.55GW to be added to grid

There are indications that as the global macro shocks continue ...
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Daily watch – Power generation falls further, Housing construction hits 5- year high

Power generation has fallen to 3,697MW. The current power generation ...
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Daily Watch – MTN bends its knee, IMF warns Nigeria on economic trends

MTN has paid about $250 million out of the $3.9 ...
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Daily Watch – CBN to start enforcing collective agreements, Labour, NESG disagree over electricity tariff

The CBN has said it has received series of complaints ...
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Daily Watch – Naira firms on Buhari’s defiance, Number of dormant accounts rises

BusinessDay is reporting that the FG's anti-corruption war is scoring ...
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Daily Watch – Buhari ‘won’t devalue Naira’, Unions insist new electricity bill is blackmail

President Muhammadu Buhari has again rejected any suggestion that the ...
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Daily Watch – Auditor-General contradicts President on Budget, Pipeline rupture hits crude oil exports

Nigeria’s crude oil export operation has suffered a serious setback ...
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Daily Watch – Local input hits N800 billion in three months, NNPC’s crude lifting declines by 57 million barrels

The government of Japan has offered an $800 million credit ...
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Daily Watch – Weak naira puts pressure on FMCG firms, Samsung and LADOL bring in big money

The effect of the increasing cost of doing business, along ...
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Daily Watch – Naira slides further, FG mobilises to stop oil sabotage and kidnap

The naira has weakened to a new all-time low, trading ...
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