OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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IMF,URGES NIGERIA TO ADOPT A FLEXIBLE EXCHANGE RATES.

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                 The Executive Board of the International Monetary Fund is urging Nigeria to introduce greater exchange rate flexibility and to begin unwinding currency restrictions.President Buhari and several ministers were in Washington as part of the Nuclear Security Summit and the Spring Meetings of the IMF and World Bank.The IMF is advising Nigeria on a whole range of economic measures,while predicting growth to decline further,to 2.3% in 2016.One more photo below.                    

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