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Nigerian troops lose ₦15 million to Boko Haram in ambush

Nigerian troops lose ₦15 million to Boko Haram in ambush

Boko Haram insurgents on Friday ambushed Nigerian troops in Damaturu, Yobe State and stole fifteen million naira and a cache of weapons, military sources told The Guardian.

A gun truck was also taken away by the insurgents.

The troops, Super Camp 3 and the 231 Battalion, came under the attack around Azare-Kamuya axis in the southeastern state.

The terrorist group allegedly fled after an immediate reinforcement from the 27 Task Force Brigade in Damaturu.

The sum of #15,492,000 was meant for the troop’s ration cash allowance on the frontlines, a source said.

Although it is unclear which faction the terrorist

Wike accuses NDDC of ‘stealing’ Rivers’ ₦353 million

Wike accuses NDDC of ‘stealing’ Rivers’ ₦353 million

Rivers State Governor Nyesom Wike of Rivers State has accused the Niger Delta Development Commission (NDDC) of swindling the state of ₦353 million.

Wike, who threatened to sue NDDC, said the commission that was established to help the Niger Delta grow, had been hijacked by prominent Southsouth politicians who siphon development funds for the election.

He disclosed this yesterday when the acting managing director of NDDC, Professor Nelson Braimbaifa, visited him at the Brick House, Port Harcourt.

The governor regretted that years after the Rivers government paid N353 million as its counterpart fund to the NDDC for the construction of …

Nigeria’s music industry revenue to hit $50 million by 2020

Nigeria’s music industry revenue to hit $50million by 2020

Nigerian Music pundits and executives of the Disruptive Creative Economy Meeting Group, DCEM have revealed in a new report that the Nigerian Music Industry is set to reach revenue of N18bn ($50Million) by 2020.

Findings from the report also reveal the Nigerian recorded music industry is poised to spike in growth significantly over the next 3-5 years. ‘As the world continues to witness the globule penetration and purchasing power of mobile data and phones, so will the consumption of entertainment products from creatives increase.

The DCEM Nigerian Recorded Music Industry Report is intended to be an annual publication with …

Osinbajo calls for righteousness to transform Nigeria

Osinbajo unveils $8 million Liquid Waste Facility in Rivers

The federal government has said it would continue to pursue the ease of doing business policy with diligence to keep solving the problems of operating environment, boost productivity and encourage investors.

Vice President Yemi Osinbajo stated this yesterday in Port Harcourt during the unveiling of the Port Harcourt Dockyard Liquid Waste Treatment Plant.

The Guardian gathered that $8 million was invested in setting up the facility, which would help clean up the maritime industry by collecting oil wastes and transforming them into meaningful by-products.

Read Also: Many would’ve been in trouble if I had died – Osinbajo

Osinbajo said the …

Active subscribers increase by 43,807 in March - NCC

Over 100 million Nigerians now using the Internet – NCC

Internet users in Nigeria increased marginally to  119,506,430 million in April  2019, the Nigerian Communications Commission (NCC) has said.

The NCC made this known on Monday in its Monthly Internet Subscribers Data for April posted on its website.

The data showed that overall Internet users increased to 119,506,430   in April from the 115,938,225 recorded in March , showing an increase of  3,568,205 new subscribers.

According to the data, Airtel, MTN and  Globacom  gained more internet subscribers during the month under review, while 9mobile  was  the big loser.

Read Also: Active subscribers increase by 43,807 in March – NCC

The breakdown

Bharti Airtel to pay Tanzania $26 million

Bharti Airtel to pay Tanzania $26 million

India’s Bharti Airtel has agreed to pay 60 billion shillings ($26 million) over five years and cancel debt to resolve a dispute over ownership of its Airtel Tanzania unit, the Tanzanian government said on Monday.

Tanzania’s minister for foreign affairs and east Africa cooperation, Palamagamba Kabudi, announced the deal at a ceremony to receive a three-month batch of monthly payments worth 1 billion shillings each due from April this year.

Read Also: MTN chief faults AGF on $2b tax demand

Bharti Airtel also canceled $407 million of debt owed to it by Airtel Tanzania as part of the settlement, Kabudi

200 million West Africans live below poverty line

The United Nations Economic Commission for Africa (ECA) Office for West Africa has raised the alarm that 200 million or 53.5 per cent of West Africans live below poverty line.

It said that West Africa had a population of about 377 million in 2018.

The of Director UNECA, Bakary Dosso, said at the Expert Group Meeting
Draft Agenda in Liberia that the situation demonstrated the magnitude of the challenges the sub-region was facing.

The countries in the sub-region needed to institute major reforms to their macro-economic and financial frameworks, invest in human capital, tackle infrastructure deficits.

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North Korea demanded $2 million before releasing US student

North Korea billed the Trump administration $2 million for the medical care of Otto F. Warmbier, an imprisoned American student who had fallen into a coma, before agreeing to release him in 2017.

A senior American diplomat negotiating for Mr. Warmbier’s freedom accepted the bill, and Mr. Warmbier was released. He died six days later in the United States, after his parents decided to end the life support that was sustaining his vegetative state.

The bill was passed from the State Department to the Treasury Department, but on Friday morning, President Trump said that no money had been paid.

“No

Nine Nigerians nabbed in US for multi-million dollar fraud

Nine Nigerians have been arrested in the United States of America for defrauding businesses and individuals of more than $3.5 million.

The United States Attorney for the Southern District of New York, Geoffrey S. Berman, and Homeland Security Investigations (HIS) Special Agent-in-Charge of the Tampa, Florida, Field Office of U.S., James C. Spero, announced on Thursday that the suspects committed the fraud through business email compromises, a Russian oil scam, and a romance scam.

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60 million Nigerians can’t read and write – FG

Sonny Echono, Permanent Secretary, Federal Ministry of Education, says nearly 60 million Nigerians are illiterates.

Echono made this known on Thursday at the Federal Government College Otobi, during the inauguration of a pilot Literacy Centre for the North Central Geo-Political Zone.

The permanent secretary expressed regret that the illiteracy rate among the youths and adults was high.
According to him, Literacy Centres to be established in 104 Federal Government Colleges (FGCs) are aimed at reducing the high rate of illiteracy at the low cadre staff of the institutions, stressing that the Federal Government designed the literacy programme to cater for …

‘Politicians use party vehicles to carry drugs Anambra’

‘Nigeria has 15 million drug addicts’

The Chairman Presidential Advisory Committee for the Elimination of Drug Abuse, Brigadier Gen. Mohammed Buba Marwa on Thursday in Katsina declared Nigeria has about 15 million drug addicts.

Marwa, who described the development as alarming, further put the global average rating of drug use and abuse at five per cent.

He however stated the rating for Nigeria was 15 percent.

The former Lagos State Military Administrator spoke after leading members of his committee to the Katsina Command of the National Drug Law Enforcement Agency (NDLEA).

 He said: “We have an emergency situation before us regarding the issue of drugs abuse

R.Kelly doesn’t have $1 million bail bond

Musician R. Kelly, real name Robert Kelly, was given a $1 million bond by a Chicago judge on Saturday, just one day after he was arrested. The R&B artist does not have the funding to immediately post bail, according to his lawyer Steve Greenberg.

Greenberg said the musician is confident he will be able to produce the money, as reported by ABC correspondent Linsey Davis on Twitter Saturday afternoon. According to Davis, Kelly also owes close to $162,000 in child support.

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