Regional News
Nigerian airstrike kills 24 in Kaduna state village, residents say | Reuters
At least 24 people were killed by an airstrike on a village in Nigeria’s northern Kaduna state, residents and a local councillor said on Monday, after an Air Force operation targeting armed gangs and their hideout. The Sept. 27 incident is the latest in a pattern of deadly aerial assaults by the military that have killed civilians, a subject covered in a special Reuters report in June 2023.
Boko Haram terrorists slaughter 5, abduct 15 farmers in Borno – Vanguard News (vanguardngr.com)
Barely a few hours after President Bola Tinubu and Governor Babagana Zulum, in their independence messages, assured farmers of adequate security, no fewer than five were slaughtered by Boko haram terrorists, at Ngoshe Community in Gwoza Local Government area of Borno State.
MNJTF rescues 38 hostages, disrupts B/Haram’s supply chains in Lake Chad – Daily Trust
The Multinational Joint Task Force (MNJTF), operating under Sector 3, has rescued 38 hostages and dismantled a critical terrorist logistics network during recent clearance operations. Lieutenant Colonel Olaniyi Osoba, the Chief Military Information Officer at MNJTF headquarters in N’Djamena, Chad, disclosed this in a statement on Tuesday.
150 Mawlid celebrants missing as boat capsizes in Niger – Daily Trust
No fewer than 150 Mawlid celebrants have been reported missing when a boat with 300 people on board capsized at Gbajibo in Mokwa Local Government Area of Niger State. Daily Trust gathered that the victims, mostly women and children, left Mundi Community for Gbajibo to mark Mawlid when the boat capsized midway on Tuesday.
Independence Day: Jonathan, govs, Mark say Nigeria’ll overcome challenges – Daily Trust
Key political leaders, including former President Goodluck Jonathan and governors have expressed optimism that Nigeria will overcome its current challenges if they are being tackled with a common purpose, zeal and love for one another. They made these remarks in separate messages to mark the nation’s 64th Independence anniversary.
Food insecurity: Tinubu, govs urged to invest more in agriculture – Daily Trust
President Bola Ahmed Tinubu and state governors have been urged to invest massively in agriculture to tackle the issue of food insecurity in the country. Chairman of the Tinubu Media Support Group (TMSG), Barr. Jesutega Onokpasa, made the appeal yesterday in Abuja, during the inauguration of their executives.
West African wheat experts meet in Abuja over production challenges – Daily Trust
Wheat breeders and other stakeholders from West and Central Africa have converged in Abuja, the Nigerian capital, for the 2nd West and Central Africa Wheat Development Network (WECAWheat) Regional Summit 2024. Wheat experts from Chad, Cameroon, Benin Republic, Niger Republic, Sudan and other countries have arrived Abuja for the summit, which begins today.
2 soldiers, monarch, six others killed in Benue – Daily Trust
Armed invaders have reportedly killed two soldiers, a village head, and six residents in Egwuma, Agatu Local Government Area of Benue State. Locals said that the incident occured at about 5pm on Tuesday. A villager, who preferred anonymity, said the attackers carted away the soldiers’ weapons including a gun, after killing two of them and seriously injuring one. Sule Audu, a former member of the State House of Assembly representing Agatu constituency, told our correspondent on the telephone that at least nine people including the two soldiers, the head of Egwuma and six villagers were killed during the attack on the community.
This time around, the former candidate in the 2018 presidential elections is benefiting from a coalition, as he is supported by several parties and civil society leaders. One of the early supporters of this candidacy is Eric Chinje.
The former editor-in-chief of Cameroon Radio Television (CRTV), who was invited by Nkou Mvondo, immediately gave his support to this profile, not without criticising the regime in Yaoundé, whose leader, Paul Biya, had made a thinly veiled threat to him.
Nigeria turns 64: Tinubu vows “end of tunnel” is near, some protest economic hardship | Africanews
Nigeria on Tuesday (Oct. 1) marked 64 years of independence. In a televised address, the president called for patience amid tough economy. Bola Tinubu notably listed security gains and investments in farm machinery among achievements that will help ease the economic pressure. “I am deeply aware of the struggles many of you face in these challenging times,” the president who took office last year said.
Why has Samuel Eto’o been sanctioned by FIFA? | Africanews
The behaviour of Samuel Eto’o during a FIFA Under-20 Women’s World Cup game is at the heart of the sanctions he was handed on Monday (Sep. 30). If the FIFA did not give details about the incident that lead to the sanction, the head of Cameroon football federation was judged to have broken 2 sections of the body’s Disciplinary Code. He breached articles 13 and 14 of the FIFA Disciplinary Code which focus on Misconduct of players and officials. On September 11, Brazil beat Cameroon 3-1 at the round of 16 game of the U-20 Women’s World Cup.
Police inspector stabs man to death over N200 in Yobe – Daily Trust
A police inspector attached to the Police Mobile Force (PMF), 41 Division, Damaturu in Yobe State, has been arrested for allegedly stabbing a suspected drug dealer to death over a N200 bribe. The incident happened at CMC Area, Zango, Damaturu, where the inspector, Mohammed Bulama, and the deceased Abdulmalik Pompomari, fought.
Female corpse without eyes found in Kwara community – Daily Trust
The corpse of an unidentified female teenager was reportedly found at Modinat Street, Fomo Babalaje community, Adabbiyah Area of Ilorin West LGA of Kwara State. City & Crime gathered that the corpse was discovered in the community on Monday morning. A community member in the area, who confirmed the incident to our correspondent, said her two eyes were removed. He said the incident was suspected to be a ritual case. The chairman of the community, Abdulqodir Abdulmumeen, described the incident as shocking and troubling.
Nigeria celebrates independence day amid protests over economic hardship | Africanews
Nigerians on Tuesday staged mass protests against economic hardship as the West African nation marked its 64th independence anniversary, with its president calling for patience. Waving placards, the protestors demanded better opportunities and jobs for young people, especially in a country that has some of the world’s highest poverty and hunger levels despite being a top oil producer on the continent. It is the second mass protest in two months in Africa’s most populous country amid worsening hardship caused by the government’s reforms to save more money and shore up dwindling foreign investments. At least 20 protesters were shot dead and hundreds of others arrested during the last protest in August.
Cameroon-Rice : Possible Reduction Of The Price – Journal du Cameroun
According to Cameroon’s Minister of Trade, Luc Magloire Mbarga Atangana, this decision is of particular interest to the Cameroonian market as it should lead to better price control for consumers and even lower prices. The resumption of Indian rice exports will have a positive impact on Cameroon. It will help stabilise prices on the Cameroonian market, reducing price pressure and improving access to this staple food for the population.
Bandits abduct 3 herders, 4 women returning from market – Daily Trust
Bandits have abducted three herders alongside four women while returning from SCC village market in Kachia LGA of Kaduna State. A community leader from the area, who confirmed the abduction to our reporter through telephone on Monday, said the incident happened last Thursday, when the victims were returning from SCC village market in the area.
Cameroon farmers turn to vigilantes and amulets to stop cocoa theft | Reuters
Rising cocoa prices driven by global production shortfalls have led to increased thefts of the commodity in farms in Cameroon, farmers and authorities say, forcing farmers to turn to machete-armed vigilantes, and amulets to stop thieves.
The surge in prices in Cameroon, attributed to adverse weather conditions and plant diseases in top growers Ivory Coast and Ghana, has attracted thieves to the cocoa farms, escalating security challenges and farmers fearing for their safety.
Barrick Gold and Mali government to find resolution for Loulo and Gounkoto gold mines | Reuters
Barrick Gold Corp (ABX.TO), opens new tab and the Mali government have decided to find a resolution to existing claims and disputes over the Loulo and Gounkoto gold mines in the West African country, the company said on Monday.
The statement from the world’s second largest miner comes two days after the Malian government arrested four Barrick employees.
African migrants, refugees continue to seek way to Europe – Security Council | Africanews
The United Nations says it has registered more than 350,000 Sudanese refugees and asylum seekers protections in North Africa so far this year, with 97,000 migrants entering Libya since last April. “It is important to highlight that the challenges do not start in North Africa. A holistic cross-regional response is required that starts at the root of the journeys.,” said Sivanka Dhanapala, the director of the United Nations High Commissioner for Refugees.
New cost of living rallies planned in Nigeria | Africanews
Nigeria could see new rallies on Tuesday with citizens protesting against a cost of living crisis. Named ‘Fearless October 1’, the demonstrations have been timed to coincide with Nigeria’s 64th independence anniversary which falls on Tuesday, October 1. Organisers told local media that rallies would take place in the capital Abuja, the port city of Lagos and in provincial capitals across the west African country. Similar demonstrations rocked Nigeria in July and August, with protestors demanding the reinstatement of a fuel subsidy, and end to government corruption. About two dozen people were killed in a crackdown by security forces, according to activists.
Children trafficked from Kebbi rescued in Calabar – Daily Trust
Nineteen children trafficked from Kebbi State have been rescued from traffickers in Calabar, Cross River State.
The children, whose ages range from 3 to 6 years, were being moved in batches from Kebbi to Calabar when officials of the National Agency for the Prohibiting of Trafficking in Persons (NAPTIP) intercepted some of them.
Cameroun: Free of Charge Healthcare Campaign In Douala – Journal du Cameroun
People suffering from certain pathologies in various medical specialities will receive free of charge medical assistance. The following medical services will be provided: surgical operations, infectious and chronic diseases, paediatrics, dental and oral care, ophthalmology, orthopaedics and gynaecology and obstetrics. This follows a cooperation deal between China and Cameroon.
Nandap emerges chairperson of ECOWAS Heads of Immigration Forum – Daily Trust
The Comptroller General of Nigeria Immigration Service (NIS), Kemi Nandap, has emerged as the chairperson of the Economic Community of West African States (ECOWAS) Heads of Immigration Forum. The spokesman of the NIS, Kenneth Udo, disclosed this in a statement in Abuja on Monday.
West Africa to see two solar eclipses in 2025 | Africanews
Over South American skies next week, one ring will rule them all. An annular solar eclipse – known as a “ring of fire” – will be visible on Wednesday, October 2nd, over Easter Island and the tips of Argentina and Chile. But what is an annular solar eclipse? Solar eclipses happen when the sun, moon and Earth line up just so. The moon casts a shadow that can partially or totally block the sun’s light. During an annular eclipse, the moon obscures all but a ring-shaped sliver of the sun. That’s because the moon is at a point in its orbit that’s farther from Earth. “The moon is just not quite big enough to cover the sun,” explains Dr. Carolyn Sumners, vice president of astronomy at the Houston Museum of Natural Science. This eclipse will occur mostly over water in the Pacific adds Sumners.
Flood washes away bridge linking N/West, S/West in Kebbi, Sokoto – Daily Trust
A flood has washed away a key bridge linking Kebbi, Sokoto, and Zamfara States with southern Nigeria, in Kebbe Local Government Area of Sokoto and Shanga in Kebbi State. The bridge collapsed on Monday following heavy rainfall, leaving many travellers from Kebbi, Sokoto and Zamfara stranded on their way south.
Climate change: Multinational firms promoting false solutions – Environmental activist – Daily Trust
An environmental rights activist and the Executive Director of Renevlyn Development Initiative (RDI), Philip Jakpor, said multinational corporations are promoting false solutions to address climate change. Jakpor identified the “false climate solutions” as net zero, biofuel, geoengineering, emission trading, clean development mechanism, carbon markets and water privatization, among others.
Borno flood: FG orders impact assessment on livestock – Daily Trust
President Bola Ahmed Tinubu has directed the Federal Ministry of Livestock Development to conduct an immediate assessment of the flood disaster’s impact on the livestock sector in Borno State. During a courtesy visit to Borno State governor, Prof. Babagana Zulum in Maiduguri, Permanent Secretary, Dr. Chinyere Akujobi said the president’s directive reflects the government’s commitment to addressing the challenges faced by the livestock industry in the aftermath of the disaster.
Independence Day Speech Confirmed Tinubu’s Insensitivity – PDP – Daily Trust
The Peoples Democratic Party (PDP) has described the 64th Independent Day Speech by President Bola Ahmed Tinubu as another lethargic and windy rhetoric of false performance claims, “scripted to delude Nigerians in the face of abysmal failure of the All Progressives Congress (APC) administration.” PDP in a statement signed by its National Publicity Secretary, Debo Ologunagba, said Nigerians are appalled that the President’s speech “did not address issues or proffer any solution to the myriads of economic and security problems created by the APC government, for which Nigerians are hurting.”
Independence: Don’t lose hope in Nigeria, Jonathan tells citizens – Daily Trust
Former President Goodluck Jonathan has urged Nigerians to remain optimistic and resilient as the country marks its 64th independence. The former president urged the citizens not to lose hope in the dream of building a great and prosperous nation, despite the challenges the country currently faces. Jonathan stated this in his message on Nigeria’s 64th independence anniversary, issued by his spokesman, Ikechukwu Eze. According to him, the country is marking a significant milestone in its 64th anniversary. “This period is when we remember and adore our nationalists who fought and brought an end to colonial rule”, he noted.
Tinubu approves e-vehicles for transportation in N/East – Daily Trust
The North East Development Commission (NEDC) has disclosed that President Bola Ahmed Tinubu has approved the deployment of e-vehicles for intra-state and interstate transportation in the North East. Managing Director of the NEDC, Mohammed Alkali, disclosed this while briefing journalists at the State House in Abuja, after a meeting with President Tinubu and the executive of the commission.
Peace and Security
Is Ukraine supplying Starlink systems to the Sahel? – Daily Trust
The world has witnessed events that affect not only security in the Sahel, but also the broader context of geopolitical tensions. In the course of the recent seizure by the Nigerian Armed Forces, 16 Starlink satellite communication devices were found on the border with Niger, destined for terrorist groups in Mali.
Ndume asks Tinubu to hire military contractors to flush out Boko Haram – Daily Trust
Senator representing Borno South, Mohammed Ali Ndume, has called on President Bola Ahmed Tinubu to temporarily hire the services of “military contractors” to wipe out the remnants of Boko Haram terrorists in Borno State. Ndume, who hailed the gallant performance of the military and Civilian JTF, said they are ill-equipped to carry out the task of eliminating the remaining insurgents who operate within.
Fish out bad eggs among you, Miyetti Allah tells herders – Daily Trust
Miyetti Allah Kautal Hore, a Fulani socio-cultural association, has charged farmers and herders across the country to live in peace for economic prosperity. The National President of Miyetti Allah Kautal Hore Association, Abdullahi Bello Badejo, stated this during the inauguration of the new state executive of the association in Damaturu, Yobe State.
We are winning war against Boko Haram fighters, bandits – Tinubu – Daily Trust
President Bola Ahmed Tinubu has said that his administration is winning the war against terrorism, occasioned by the Boko Haram in the North East and bandits across the country. In his Nationwide Broadcast to commemorate the Independence of Nigeria, the President said before coming on board about 16 months ago, the country was bugged down by economic and security challenges.
Insecurity: Problem-specific approach required to resolve crisis – Report – Daily Trust
Tackling Nigeria’s security crisis demands a problem-specific, or region-specific approach beyond the current involvement of military, a new report has revealed. The report, titled ‘Unravelling Nigeria’s Insecurity crisis: The urgent need for a lasting solution’, was launched on October 1. It is based on a research by the Initiative for Economic Development Communication, (INSDEC) Lagos and the International Organisation for Peacebuilding and Social Justice (PSJ-UK). The report was signed by Executive Vice President, INSDEC, Ogie Eboigbe and Chief Executive Officer, PSJ-UK, Ayo Adedoyin.
Police teargas protesters in Abuja – Daily Trust
Protesters who converged on the Utako market area of Abuja have been dispersed with teargas by operatives of the Nigeria Police Force. The protesters were said to have gathered at the busy market in the early hours of Tuesday when they were met with teargas fumes. The October 1 protest tagged #FearlessInOctober has not gained traction like that of August. The demonstration, organised by some civil society organisations (CSOs) under the aegis of the #EndBadGovernance movement, coincided with Nigeria’s 64th Independence Day anniversary.
Hisbah bans sports betting in Kano – Daily Trust
The Kano State Hisbah Board has banned all forms of sports betting in the state. The Deputy Commander-General of the board, Dr Mujaheed Aminuddeen, made this known when he briefed journalists on the Hisbah’s renewed effort to fight immorality. He said the Hisbah has re-launched ‘operation flush out immorality’ and its operatives would soon clampdown on individuals and groups bent on violating social order in the state. He said in its efforts to restore sanity and discipline in the state, the Hisbah would arrest any landlord who rented out an apartment to unknown person(s) in view of the increasing cases of residential houses being used as lodges and motels in the city.
AU-UN seek to strengthen cooperation | Africanews
The head of the United Nations Office to the African Union briefed the Security Council Wednesday (Oct. 2) on the cooperation between the UN and regional organizations including the African Union (AU). “The partnership between the United Nations and the African Union draws its dynamism from a commitment shared and sustainable in favor of multilateralism.” The Permanent Observer of the AU to the United Nations told the Council was pleased with the increased involvement of the bloc of three elected African members of the United Nations Security Council (UNSC) – the A3 on key resolutions is also critical.”
Between justice and torture: Nigeria’s death row phenomenon – Daily Trust
As Nigeria celebrates its independence, it is essential to reflect on the principles that form the foundation of our nation, particularly justice. The death penalty, often regarded as the ultimate punishment for the gravest of crimes—murder, armed robbery, and treason—appears in theory to serve the cause of justice. Yet, the reality in Nigeria’s correctional facilities paints a different picture. More than 3,500 people, including 73 women, languish on death row, some for decades. This prolonged limbo, in my view, is not justice but torture.
HURIWA condemns attack on protesters in Abuja, Port Harcourt – Daily Trust
Human Rights Writers Association (HURIWA) has condemned the FCT and Rivers state police commands’ attacks on protesters. Comrade Emmanuel Onwubiko, the National Coordinator of HURIWA, in a statement, said that protesters were attacked with teargas canisters. HURIWA described as despicable and reprehensible, the decision of the FCT police command that intervened and dispersed the protes
ters at around 8:54 a.m., preventing the continuation of the demonstration.
Algeria, Mali dissension laid bare after UN speech | Africanews
The war against terrorism and a political process to achieve lasting peace in Mali seems to have pitted Bamako against Algiers. During the 79th United Nations General Assembly high-level week, heads of governments and representatives took to the podium of the multilateral body one after the other. If calls, pleas, and invitations could be heard, threats, accusations and denunciations were also voiced on that stage. It’s against that backdrop that on September 28, the spokesperson for Mali’s government chose to devote a section of his speech to the resolution of the security and political crises in his country.
Burkina Faso’s Minister of Foreign Affairs addressed Monday the UN General Assembly High-Level Debate in New York. As his country still fights a terrorist group in the north-east, he said nearly 70% of the territory was now under control from 40% in 2022. Foreign Minister Traore also called out what he termed as propaganda against Burkinabe Defence forces. He highlighted “the professionalism and the stellar conduct” of the country’s Defense and Security Forces (FDS), “that is demonstrated through their participation in peacekeeping operations and recognize it time and time again at this very podium, the ongoing training and examination of our defense forces and volunteers in International humanitarian law guarantee that our professional conduct is unimputable in respecting human rights.”
Mali, Niger, Burkina investigate a French journalist over jihadi analysis | Africanews
Prosecutors in Mali, Niger and Burkina Faso launched investigations on Wednesday (Sep. 25) against the French journalist and researcher Wassim Nasr into what they called his “apology of terrorism” and “complicity” in alleged terrorist acts, in the latest action against the Western media. In a message to The Associated Press, he condemned the move as intimidation and an attack on journalism. Nasr, who works for the French broadcaster France 24, gave a informed analysis of a rare deadly jihadi attack in Mali’s capital Bamako on Sep. 17. The prosecutors accused him of having been in contact with the attackers and that they communicated their location, objectives and death toll in real time with him.
Africa unites at UNGA to demand permanent UNSC seats ‘with veto power’ (trtworld.com)
United Nations, New York — African leaders and diplomats have shown a collective unity once again at the United Nations General Assembly (UNGA) over their old demand of permanent seats at the powerful UN Security Council, with several diplomats and ministers telling TRT World that their countries want the memberships “with veto power”.
WATRA to regulate satellite services in Nigeria, other W/African countries – Daily Trust
The West Africa Telecommunications Regulators Assembly (WATRA) has developed a comprehensive framework aimed at regulating the growing challenges posed by the introduction of Non-Geostationary Satellite Orbits (NGSO) services across West Africa This was disclosed during the 21st Annual General Meeting in Freetown, Sierra Leone, a statement by WATRA stated yesterday.
Humanitarian
Polio in Nigeria: A triumph in face of adversity, as fight isn’t over – Daily Trust
Polio in Nigeria tells a story of resilience, determination and the power of public health initiatives. For decades, Nigeria was at the epicentre of the global polio crisis, especially in Africa. As recently as 2012, the country accounted for more than half of all polio cases worldwide, and eradicating the disease seemed like an uphill battle, complicated by conflict, mistrust, and logistical challenges. However, through collective effort and unwavering commitment, Nigeria achieved what many once thought was impossible: in August 2020, the country was declared free of the wild polio virus.
Adamawa Gov’t Launches Massive Fumigation to Combat Cholera – Daily Trust
In response to the recent cholera outbreak that has claimed over 12 lives and hospitalized 304 others, the Adamawa State government has embarked on a large-scale fumigation exercise in Yola and Jimeta towns. Commissioner for Education, Dr. Umar Garba-Pella, representing Governor Ahmadu Fintiri, directed fumigators to conduct house-to-house disinfection in over 20 wards and extend the exercise to all 21 Local Government Areas (LGAs).
Local authorities have confirmed at least 132 cholera cases in Yobe state, northeast Nigeria, with about nine deaths—a 6.8 per cent fatality rate. “The delay in seeking treatment has significantly contributed to these fatalities,” said Dr Muhammad Lawan Gana, Yobe’s Commissioner for Health. According to Dr Gana, the outbreak is prevalent in Gujba, Fune, Machina, Nangere, and Nguru local government areas, which are already struggling with disrupted infrastructure due to heavy rainfall and flooding.
143,500 vulnerable residents to receive free healthcare in Jigawa – Daily Trust
Governor Umar Namadi of Jigawa State has launched a free basic healthcare initiative aimed at providing services to vulnerable populations across the state. During the flag-off ceremony at the government house in Dutse, Governor Namadi reaffirmed his administration’s commitment to enhancing healthcare services, ensuring that all vulnerable individuals have access to national healthcare standards.
Nigerians in various parts of the country have taken over the streets to protest against economic hardship occasioned by the fuel subsidy removal and the continuous devaluation of the naira. The developments have left many struggling to make ends meet. Despite attempts by President Bola Tinubu’s administration to downplay the protests as politically motivated, the demonstrations tagged “#EndBadGovernanceInNigeria” have witnessed the participation of hundreds of Nigerians.
Digital Identity: Why FG may not issue physical ID card – Expert – Daily Trust
As the federal government’s efforts to implement broad-based digital identity policies for transparent governance and functional economy gain strength, the Founder and Chief Innovation Officer of UrbanID Global, a digital identity and technology solutions company, Mr. Olatunji Durodola, has said Nigeria may find it difficult to issue physical ID to its citizens because the country currently faces problems of inadequate infrastructure to sustainably support physical card issuance.
Cholera kills 11 in Benue – Daily Trust
A suspected cholera outbreak in the Apaogbozu community of Agila district in Ado Local Government Area of Benue State has resulted in 11 fatalities, with six others in critical condition. Dr Perpetual Okafor, the immediate past secretary of Ado Local Government Council, told newsmen in Makurdi on Monday that the outbreak began four days ago and escalated quickly, with the death toll rising daily.
Yobe declares 9 dead in cholera outbreak – Daily Post Nigeria
The Yobe State Government has confirmed the outbreak of cholera in five local government areas and the death of nine patients. Commissioner of Health and Human Services Dr. Muhammad Lawan Gana confirmed in a statement made available to newsmen on Thursday. He listed the five affected local governments as Gubja, Fune, Machina, Nangere and Nguru.
Yasmin Bawa, a 24-year-old graduate living with multiple forms of scoliosis, is no stranger to the challenges faced by Persons with Disabilities (PWDs) in Nigeria as her days are usually filled with navigating inaccessible infrastructure, unreliable transportation, and the constant need to adapt. She said each morning begins with careful planning, considering which routes to take, which buildings to avoid, and which stairs to endure. “It’s very testing and backbreaking,” she said amid frustration on her wheelchair.
Mobilization and economic development
Naira-for-crude deal began Oct 1 – Committee – Daily Trust
The Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency has confirmed that the supply of crude in naira by the Nigerian National Petroleum Company Limited to the Dangote Petroleum Refinery is to begin on Tuesday, October 1, 2024. On September 13, 2024, the committee announced that the Federal Executive Council under the leadership of President Bola Ahmed Tinubu approved the sale of crude to local refineries in naira and the corresponding purchase of petroleum products in naira.
Low passengers’ turnout as Emirates returns to Nigeria after 2 years – Daily Trust
The United Arab Emirates (UAE) flag carrier Emirates flight landed at the Murtala Muhammad International Airport (MMIA), Lagos on Tuesday. This is coming two years after the suspension of operation by the airline over several issues including unresolved trapped funds belonging to the airline.
Currency in circulation hits N4.1trn in August – Daily Trust
Currency in circulation has reached an all-time high of N4.1trillion as of August 2024, Data from the Central Bank of Nigeria (CBN) has shown. This is just as currency outside the banks also grew to 3.86 trillion in the month under review. The data showed a steady increase in currency in circulation, growing from N4.05 trillion in the previous month of July to N4.1 trillion in August, according to the Apex Bank’s Money and Credit Statistics. Daily Trust reports that the currency in circulation has continued to grow since the beginning of the year starting with N3.65 trillion currency in circulation in January.
Zoho grows by 31% in Nigeria, expands workforce by 40% – Daily Trust
Zoho, a global technology company, has said that it grew by 31% in 2023 in Nigeria, one of its key markets in the Africa region. The Country Head, Zoho Nigeria, Kehinde Ogundare, who disclosed this at the sidelines of Zoholics Nigeria, the company’s annual user conference in Lagos, yesterday, added that the company has expanded its local workforce in Nigeria by 40% in the previous year.
Attaining a trillion naira economy by 2030 – Daily Trust
The administration of President Bola Ahmed Tinubu has said it is determined to take Nigeria to a trillion-dollar economy by 2030. How does he intend to do so? For the records, one trillion dollar economy as of today’s exchange rate is N1,600 trillion. Going by Nigeria’s budget this year, 2024, a total of N34 trillion was proposed and approved. Fusing or synthesising N34 trillion budget with a projected one trillion dollar economy (1,600 trillion naira), would give us just two per cent. The root cause of our poverty is majorly the size of our national budget and low productivity.
World Bank approves fresh N2.4tr loan for Nigeria – Daily Trust
The World Bank has announced the approval of $1.57 billion ( N2.4 trillion at N1601 to a dollar) to boost human capital in Nigeria through better health for women, children and adolescents. According to a statement by the bank, part of the support will also help to mitigate the impact of climate change in Nigeria through improvement in dam safety and irrigation.
Corruption : Cameroon Loses More Than F114 Billion – Journal du Cameroun
According to the 13th report on the state of corruption in Cameroon, the losses in 2023 are 109 billion 412 million 503 thousand 584 CFA francs higher than the losses in 2022. Over the last three reports, the amount of corruption-related losses has fluctuated up and down. In 2022, the country suffered losses of 4.62 billion CFA francs. Presenting the 2022 report in October 2023, the President of CONAC underscored an 89% decrease compared to the 43.947 billion CFA francs in losses recorded in 2021.
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