Vic News Blog💫

Nairametrics reports that this reflects the country’s strong export performance amidst a slight decline in overall merchandise trade. This surplus marks a 6.60% increase from the previous quarter, which recorded a surplus of N6.52 trillion. Nigeria’s total merchandise trade in Q2 2024 stood at N31.89 trillion, representing a 3.76% decline compared to the preceding quarter (Q1 2024) but marking a 150.39% rise from the corresponding period in 2023. Nigeria’s export sector continues to be the primary driver of its trade surplus. In Q2 2024, total exports stood at N19.42 trillion, accounting for 60.89% of the country’s total trade.  This represents a 1.31% increase from N19.17 trillion in the first quarter and a 201.76% surge from N6.44 trillion recorded in Q2 2023. 📝: @nairametrics

Amnesty International has condemned the Federal High Court’s decision to impose stringent bail conditions on 10 #EndBadGovernance protesters, who are facing charges of treason and incitement to mutiny. On Wednesday, the court granted the protesters bail, setting a bail of ₦10 million each and the requirement of securing sureties with landed property. The human rights organisation criticised the terms as “punitive,” accusing the Nigerian authorities of weaponising bail conditions to suppress dissent and violate the right to peaceful protest. “The Nigerian authorities must end the wanton weaponisation of stringent bail conditions to justify arbitrary detentions and excessively restrict activists’ right to freedom of peaceful assembly,” the statement reads. The 10 protesters, who were arrested for participating in demonstrations calling for better governance have been charged with serious offences, including treason and incitement to mutiny. While Justice Nwite, who presided o...