IN THE NEWS

Daily Watch – Ogun communities accuse Army of herdsmen collaboration, CBN promises flood of maize in February

Ondo Governor, Rotimi Akeredolu, has issued a seven-day ultimatum to herdsmen to vacate forest reserves in the state. The order is part of several measures taken by the state at addressing the root cause of kidnapping and other nefarious activities. In a statement issued on his official Twitter handle, Akereolu said the forests have been turned into a place for felons to carry out their criminal activities. He said, “Today we have taken major steps at addressing the root cause of kidnapping, in particular, and other nefarious activities detailed and documented in security reports, the press and debriefings from victims of kidnap cases in Ondo State. “These unfortunate incidents are traceable to the activities of some bad elements masquerading as herdsmen. These felons have turned our forest reserves into hideouts for keeping victims of kidnapping, negotiating for ransom and carrying out other criminal activities.” He said that as the Chief Law and Security Officer of the state, it is his constitutional obligation to do everything lawful to protect the lives and property of all residents of the state. The Governor gave the following orders saying, “All Forest Reserves in the state are to be vacated by herdsmen within the next ...
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NEWS

Daily Watch – 40k manufacturing jobs may go, FG to reimburse states over roads

Analysts have warned that the federal government’s drive to create ...
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Daily Watch – Inflation is 9.4%, Nigeria to ban rice importation in two years

The National Bureau of Statistics has released its September Inflation ...
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Daily Watch – Osinbajo takes responsibility for economy, Work on Falomo Complex to resume

The Vice-President, Yemi Osinbajo said on Tuesday that he is ...
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Daily Watch – NNPC denies reduction in petrol price, World Bank to help with IGR

The Nigerian National Petroleum Corporation (NNPC) has denied the rumours ...
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Daily Watch – Nigeria loses almost $1 billion to oil swaps, Rice millers kick against Customs

The Nigeria Extractive Industries Transparency Initiative (NEITI) has announced that ...
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Daily Watch – Interbank rate falls to 5-year low, BoI works on pilot solar grid

Nigeria's interbank overnight lending rate fell to a five-year low ...
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Daily Watch – AMCON under the microscope, Rice back in import list

The House of Representatives have resolved to investigate what it ...
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Daily Watch – IMF downgrades Nigeria’s growth forecast, Customer enumeration to begin for power

The IMF has downgraded growth its forecast for global growth ...
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Daily Watch – CBN adjusts exchange rate, experts see NLNG as model for NNPC

The Central Bank has weakened its exchange rate peg slightly ...
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Daily Watch – Fashola tipped to get Works, Bank profits go up

Though the list of ministers has not been made public, ...
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Daily Watch – AMCON under fire over Aero, Osinbajo lends Emefiele a hand

The Asset Management Corporation of Nigeria (AMCON) may have lost ...
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Daily Watch – IMF warns of slowing growth, manufacturers cry out over steel

Growth in Nigeria, and other developing economies that are primarily ...
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Daily Watch – Manufacturing in trouble, ministers ahoy!

Some Nigerian manufacturing sub-sectors are said to be at their ...
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Daily Watch – Collateral requirements for MSMEs ease, Pensions to be invested in infrastructure

The use of landed property will no longer be emphasized ...
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Daily Watch – Interest rate remains unchanged, Nigeria one of the worst in tax compliance

The CBN kept its key interest rate unchanged at a ...
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Daily Watch – MPC meet ends today, Soludo may be back in government

Big decisions around the distribution of foreign exchange, and the ...
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Daily Watch – Non-oil sector surges, ExxonMobil calls FG out

Ratings service, S&P’s recent rating of the Nigerian economy is ...
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Daily Watch – Nigerian banks amongst most regulated on earth according to CBN

The Deputy Governor of the Central Bank of Nigeria (Economic ...
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Daily Watch – Buhari backs Emefiele, More manufacturers call for protection

President Buhari says he is opposed to a further weakening ...
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Daily Watch – Manufacturing seeing hard times, Banks go in search of liquidity

According to the Manufacturing Association of Nigeria (MAN), investment in ...
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Daily Watch – Tata asks Nigeria to sort itself before it invests, Analysts want CRR reduced

Tata Power is blaming the prevalence of lawlessness, corruption, policy ...
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Daily Watch – FIRS booms in Q2, Insurance industry to become regional hub

The Federal Inland Revenue Service’s (FIRS) collection for the second ...
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Daily Watch – Investors want Land Use Act reviewed, Piracy gulps $7 billion

Real estate investors are hoping that the age-old Land Use ...
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Daily Watch – Stocks react to JP Morgan, Tata to set up shop in Nigeria

Nigerian stocks fell on Wednesday after JP Morgan said it ...
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