33m Nigerians may face food crisis in 2025 Report

Report on food crisis

Nigeria faces one of its worst hunger crises with more than 30 million people expected to be food insecure next year, a one-third jump from this year due to economic hardship, a joint report by the Government and United Nations (UN) said on Friday. The analysis conducted twice a year in 26 States and the federal capital, (FCT), projected that 33.1 million people would be food insecure by August next year. That compares with 24.8 million by the end of this year. Several factors are driving this trend, but most…

Read More

Security Crisis: Over 55 thousand Nigerians killed, 21,621 abducted in 4yrs Investigation

Soldier with machine gun with national flag of Nigeria

A new investigative report has revealed the killing of 55,910 people in 9,970 attacks, while 21,621 people were abducted in 2,705 in four years acrossNigeria, as it continues to face a multi-faceted security crisis marked by widespread violence, particularly against religious communities. According to the new investigative report, released on Thursday by ‘The Observatory of Religious Freedom in Africa’, the data presented in the report covered four years from 1 October 2019 to 30 September 2023, and provided critical insights into the patterns and dynamics of the violent attacks. A…

Read More

‘Kidnapping, Nigerias most-reported crime case under Tinubu’ – Report

Kidnapping report

Kidnapping for ransom has ranked as Nigerias most-reported crime case under President Bola Ahmed Tinubus administration. StatiSense, quoting 2023 data from Nigerias Ministry of Police Affairs, disclosed this on Thursday, through its X account. According to the data, kidnapping cases have outperformed murder, banditry, terrorism, and armed robbery in terms of reports in Nigeria. In a zonal analysis, kidnapping crimes are ranked as the most reported in the North-Central (38.51%), North-East (42.11%), North-West (49.71%), South-East (30.61%), and South-South (36.73%), except in the South-West. Meanwhile, the report indicated that murder crime…

Read More

‘NNPCL spent N7.3bn on entertainment in 16 months’ – Report

NNPCL Towers

The Nigerian National Petroleum Company Limited, (NNPCL) Group’s share of profit for West Africa LPG stood at N807 million, while as of June 2022, the accumulated loss stood at N1 billion. A review of financial statements of the NNPCL has shown that its subsidiaries posted short-term debts to the tune of N83 billion in 2022. According to the financial statements of the NNPCL for December 2022, Nikorma transport Trade and other payables (debts) stood at N4.5 billion, West Africa LPG Limited trade payable figure stood at N79.2 billion, while that…

Read More

Tinubus govt. spent N14.77bn on presidential jets in 11 months Report

presidential jets

President Bola Tinubu’s administration has spent a total of N14.77bn on the repair and maintenance of the presidential air fleet over the past 11 months, as revealed by a published report yesterday. According to reports, the expenditure, which was disbursed in 11 payments from July 16, 2023, to May 25, 2024, was managed through the State Houses Presidential Air Fleet Transit Funds account. The significant spending comes amid plans by the National Assembly to authorise the purchase of two new aircraft. This decision follows the discovery that the Presidents 19-year-old…

Read More

‘?Nigerians squeezed tightest at the dinner table, as food prices remain high’ SBM Report

SBM Report

Nigerians are still in for a tougher time as major food items like bread, rice, and noodles near 100 per cent rise in one year, a report by SB Morgen (SBM) Intelligence has shown. The report, which was last updated on Friday, 26 April 2024, noted that beyond food prices surging, soap and fuel have risen over 150 per cent in one year. Of the 60 most consumed products surveyed by SBM, a market intelligence firm, within Nigeria from the first quarter of 2023 to the end of the first…

Read More

Chinese loans plunge more African countries into financial crisis – Report

Massive loans from China, engineered to fast-track economic growth across countries like Ghana, Guinea, Ethiopia, and a cluster of 13 Heavily Indebted Poor Countries (HIPCs), have unfortunately plunged these nations into a deeper financial crisis. A recent report submitted to the US Congress by the US-China Economic and Security Review Commission unearthed the stark realities of these indebted nations. The report spotlights Ghana as the most indebted among these nations, with an eye-watering debt to China amounting to $31.1 billion. Guinea, another West African nation, trails closely, with a substantial…

Read More

‘Nigeria faces relentless Boko Haram, ISIS attacks’ US report

Nigeria faced persistent terrorism attacks in 2022, the U.S. Department of States has said in its latest 2022 Country Reports on Terrorism, (CRT). The report highlights the relentless attacks conducted by ISIS-West Africa (ISIS-WA), Boko Haram and Ansaru across the northern and central regions of Nigeria in 2022. The CRT report stated that, ISIS-West Africa (ISIS-WA), Boko Haram and Ansaru continued attacks against Nigerian government and security forces and civilians across the northern and central regions of Nigeria, resulting in deaths, injuries, abductions, and the destruction of property. As the…

Read More

Alarm, asNigerias refineries collapse by 92% – World Energy Report

The World Energy 2023 Report has unearthed a staggering decline of 92% in Nigerias crude oil refining output over the past ten years, raising concerns about the countrys energy sector. From a robust production level of 92,000 barrels per day (bpd) in 2012, the output plummeted drastically to a meagre 6,000 bpd in 2022, representing a significant drop in refining capacity. This data, detailed in the 72nd edition of the Energy Institutes report, corroborates the findings in the Organisation of the Petroleum Exporting Countries (OPEC) Annual Statistical Bulletin 2023. OPECs…

Read More

Insecurity: Over 10,000 killed, abducted in 10 months – Report

No fewer than 7,472 were killed, while there were 3,161 abduction cases across the country between January and October this year. This is according to the 2023 Nigeria Security Report by Beacon Consulting, an Abuja-based security risk management and intelligence consulting company. According to the report issued on Friday, 749 Nigerians were killed in January; 624 in February; 961 in March; 707 in April; 679 in May; 854 in June; 552 in July; 638 in August; 581 in September and 1,127 were killed in October. It also revealed that 208…

Read More