Troops of Operation Fire Ball have eliminated five Boko Haram (BHT)/ISWAP terrorists and recovered a cache of arms and ammunition as well as bags of assorted grains in recent attacks on their hideouts in Borno. The Acting Director, Defence Media Operations, Brig.-Gen. Benard Onyeuko, disclosed this in statement on Sunday. Onyeuko said that Operation Fire Ball, a subsidiary of Operation Lafiya Dole, had continued to clear terrorists from their identified enclaves in the North East. He said the troops of Army Super Camp 11 Gamboru-Ngala, on Nov. 27, overran the terrorists’ hideout at Garal and Bulankesa Villages. He said that the troops eliminated two terrorists in the encounter while others fled in disarray with fatal injuries. Onyeuko said that troops deployed in Pulka also raided a terror...
File Photo The National Insurance Commission (NAICOM) has granted operating licenses to four insurance firms and one reinsurance company to operate in the nation’s insurance industry. The four insurance firms are Heirs Insurance Limited (General); Stanbic IBTC Insurance Limited; Heirs Life Assurance Limited; Enterprise Life Company Nigeria Limited; and FBS Reinsurance Limited. The Commissioner for Insurance, Sunday Thomas, while presenting the licenses to the companies in Abuja, said that they have met the statutory requirements to carry out insurance business in Nigeria. Meanwhile, Heirs Insurance Limited (general) has appointed Olaniyi Stephen Onifade as its Managing Director; Stanbic IBTC Insurance Limited appointed Akinjide Orimolade as Managing Director; Heirs Life Assurance Limited a...
On-loan Liverpool winger Sheyi Ojo scored and weighed in with an assist as Cardiff City thumped Luton Town 4-0 in the Championship on Saturday. The Bluebirds were already 3-0 up when the wideman found the net in the 82nd minute following goals from Sean Morrison, Mark Harris and Kieffer Moore during thoroughly one-sided affair in which the hosts took a two-goal lead after nine minutes. Ojo had also contributed the assist for Harris’s ninth-minute goal—the forward’s first for the club—when he sent a fine cross from the left flank for the Wales U-21 international to dispatch with aplomb. The Anglo-Nigerian wideman then added the fourth late on, when he slammed home into the far corner after Marlon Pack’s corner was cleared into his path. Ojo impressed on the left flank—with Harry Wilson also...
Air Task Force of Operation Lafiya Dole has knocked out more hideouts of the Islamic State of West Africa Province (ISWAP) terrorists, killing scores in Borno, Defence Headquarters says. The Coordinator, Defence Media Operations, Maj.-Gen. John Enenche, disclosed this in a statement on Saturday in Abuja. Enenche said the air raids were conducted on Friday at Ngwuri Gana, along the Gulumba Gana-Kumshe axis and Tumbuma Baba on the fringes of Lake Chad, both in the Northern part of Borno. He said the air strikes were conducted under a new subsidiary Operation, tagged “Wutar Tabki II”. According to him, series of aerial surveillance missions had indicated that the two locations were being used as staging areas where ISWAP leaders and their fighters meet to plan and launch attacks. He said the ...
Terrorists operating around Shyadawe/Nagasino villages in Borno State, Northeast Nigeria have suffered a heavy casualty blow following an ambush staged against them by troops of 192 and 202 Battalions of Operation Fire Ball (OPFB). The Boko Haram and Islamic State of West Africa Province (ISWAP) terrorists fell from bullet rain by soldiers, leaving dozens lifeless and many others fleeing in different directions with bullet wounds. Brig-Gen. Bernard Onyeuko disclosed that following intelligent on terrorist activities within Shyadawe/Nagasino axis, troops advanced to lay ambush on the criminals. General Bernard, said soldiers also recovered four AK-47 rifles, ammunition and gun trucks while clearing remnants of fleeing terrorists from Sambisa Forest. “The unrelenting troops engaged them with...
Nigeria-based fintech solution, NowNow, has said that it will continue to upgrade its services to attune to current realities, such that will drive economic and social growth. Founder of NowNow, Sahir Berry, while speaking on how COVID-19 pandemic has disrupted the financial space recently, mentioned that Nigeria needs to strengthen its fintech space more than before. Berry stated that it was important for Nigeria to tap into the trends and prospects of fintech given the country’s large unbanked or underbanked. He added the company recognised this gap in Nigeria, which informed its investment in the space. “In 2017 we identified that one of the two big problems in Nigeria was lack of youth empowerment and financial inclusion. With a population of almost 100 million youths, we found that ac...
Justice Okon Abang of the Federal High Court, Abuja, yesterday, on grounds of “good behaviour”, admitted Senator Ali Ndume to bail over his suretyship for former Chairman of the defunct Pension Reform Task Team, Mr. Abdulrasheed Maina. Maina, who is standing trial on a 12-count charge of alleged N2 billion money laundering, was assumed to have jumped bail following his failure to appear in court for his trial on four different adjournments. It would be recalled that Justice Abang had admitted Maina to bail in the sum of N500 million and a surety in like sum, who must be a serving Senator and must attend every court proceedings relating to the matter. Ndume had stood surety for Maina in his alleged money laundering trial and was consistent in attending Maina’s trial until sometime in Septem...
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opp...