Army Says Report of Attack on Konduga Fake, Baseless

Image

By Dipo Olowookere

Authorities of the Nigerian Army have reacted to online publication on Thursday, April 25, 2019 on a purported massive attack on Konduga in the north eastern part of the country.

In a statement in the wee hours of Saturday, the report was not only described as fake, but baseless, which according to the Army, was solely designed to cause severe panic, utter chaos and pandemonium within the communities.

The publication was also said to be a deliberate effort to smear and discredit the image and sacrifices of the entire operation as well as the peace in the North East region and the country at large.

The Army said in order to consolidate and maintain the tremendous successes achieved so far in the fight against insurgency, troops of Operation Lafiya Dole were currently conducting clearance operations within the Theatre and also projecting it further on the fringes of the Lake Chad Basin in collaboration with the Multi National Joint Task Force (MNJTF) to flush out the remnants of the Boko Haram Terrorists (BHTs) lurking around the borders and deny them any freedom of action.

“Members of the general public are please requested to disregard the publication which is baseless and unsubstantiated as Konduga remain peaceful with no attack on the community.

“While we condemn this fabrication of falsehood, we call on the media to always seek clarification on issues of national security before going to press.

“We therefore urge the good people of Konduga and environs to go about their lawful activities with assurance that troops and other security agencies are on alert against any possible threat.

“Additionally, you are please requested to provide timely information on any suspicious activities within your communities for prompt action,” the statement signed by Colonel Ado Isa, the Deputy Director, Public Relations, 7 Division Nigerian Army/Operation, Lafiya Dole said.

Share
Related Stories
Image
01-December-2023

IFC, ACP to Scale Emerging Market Climate Investments

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

Image
29-November-2023

JUST IN: Tinubu at National Assembly to Present 2024 Budget

By Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

Image
29-November-2023

YouTube Launches The Voices of Africa to Showcase Cultural Heritage

By Modupe Gbadeyanka An initiative aimed to promote the diversity of the African continent and showcase its rich cultural heritage to the rest of the world has been launched by YouTube. The social campaign, The Voices of Africa, will be used to celebrate the continent’s unique and traditional expressions through a select group of African creators. They will create and share videos on their YouTube Channels of their unique cultural heritage stories about their local traditions and practices, conversations with friends and family, and with people in their local communities. Some of the creators who are part of the campaign

More Stories
Image
25-April-2023

The Testosterone Advantage: How This Hormone Impacts Workplace Confidence and Assertiveness

Testosterone is a hormone that is often associated with male physical characteristics and behavior. However, research suggests that testosterone levels can also play a significant role in shaping workplace confidence and assertiveness, regardless of gender. Individuals with higher testosterone levels tend to exhibit more self-assurance and competitiveness, traits that can have a significant impact on career success. Thus, we will discuss all of its key advantages in this article. Improvement in One’s Mood Testosterone has been linked to improved mood in both men and women. Studies have found that individuals with higher levels of testosterone tend to report higher levels

Image
09-December-2019

Nigeria’s External Reserves Drop 8% to $39.6m in 2019

By Adedapo Adesanya Data obtained by Business Post on Monday from the Central Bank of Nigeria (CBN) showed that from the first business day of this year, January 2, 2019, till Friday, December 6, 2019, the country’s external reserves dropped 8.13 percent from $43.076 billion to $39.576 billion. This represents a decline of about $3.458 billion. Business Post reports that the reserves have been depleting lately as a result of decline in the price of crude oil on the international market. Oil, which is Nigeria’s mainstay in terms of foreign exchange, has suffered frequent drop in prices at the market

Image
22-July-2020

Ecobank Assures Farmers Smooth Processing of Agric Loans

By Modupe Gbadeyanka Farmers who are beneficiaries of the Anchor Borrowers programmes for the 2020 wet season and members of the Maize Growers, Processors and Marketers Association of Nigeria (MAGPAMAN) have been assured of a smooth account opening and loan processing by Ecobank Nigeria. A statement from the lender said the farmers do not need to panic as it was committed and will make sure all beneficiaries get the loans. According to Ecobank, farmers’ accounts have been opened across the 36 states based on the Central Bank of Nigeria (CBN) prequalification for account opening for farmers. It noted that KYC

Image
24-May-2023

The 9th NASS Scorecard of Diminishing Liberty

By Jerome-Mario Chijioke Utomi In every society where the media is free, the marketplace of ideas is allowed to sort the unaccountable from the responsible and reward the latter. Likewise, the Ahmed Lawan-led 9th National Assembly’s four years reign, which is coming to a close a few days from now, has come under intense public scrutiny. Briefly, Nigerians are particularly not happy that the 9th NASS has, in the past four years, demonstrated no curiosity to find any new legislation that might produce a deeper understanding of the problems and policies that the federal government is supposed to wrestle with

Image
19-December-2016

UK Boosts Nigeria’s Transport Sector with $1b Investment

By Modupe Gbadeyanka The Nigerian transport industry has received a boost of $1 billion in investment from the United Kingdom (UK). In the next 18 months, UK companies are expected to invest in Nigeria’s maritime, railway and aviation industries. According to Punch, this was contained in a report on a recent meeting between representatives of both governments in London on November 29, 2016, which it obtained on Sunday. The paper reports that the meeting stressed the importance of more involvement of the private sector, increased public-private partnership opportunities ranging from establishment of ship building yards, flat-bottom boats for waterways, ports

Image
02-November-2021

Boomplay, CAPASSO Extend Licensing Partnership

By Aduragbemi Omiyale The licensing partnership between Boomplay and the Composers Authors and Publishers Association (CAPASSO) has been extended, a statement has confirmed. The duo first sealed a deal to work together in 2015 and they have seamlessly worked out ways to ensure that composers in Africa receive their fair share of royalties for their work. Boomplay is a reputable music streaming platform, while CAPASSO is a leading mechanical copyright collection agency. With the latest development, CAPASSO has increased its mandate to collect and distribute publishing royalties on behalf of the right holders from five to 20 countries across the

Image
27-March-2022

40 Students Complete Packaging Technology Course at IOPPN

By Adedapo Adesanya No fewer than 40 students have completed a one-year diploma and certificate in Packaging Technology at the Institute of Packaging Professionals Nigeria (IOPPN). At a graduation ceremony held last week at the Four Points by Sheraton Hotel Victoria Island, Lagos, some of the graduating students were honoured for excellence. It was gathered that the awards ceremony tagged NaijaStar Awards for Packaging Excellence was put in place by IOPPN), Nigeria Packaging (NP) and the Nigeria Packaging Academy (NPA). It was designed to celebrate excellence in the packaging sector in Nigeria and to also recognise organisations and personalities who

Ad
Ad
Recent Stories
Image
06-December-2023

Nigeria Targets 1,000 Electric Buses in Climate Change Action Pursuit

By Adedapo Adesanya Nigeria will soon have the largest electric mass transit fleet in Africa as it aims to increase its electric bus from 100 to 1,000, according to the Foreign Affairs Minister, Mr Yusuf Tuggar. In a statement from the ministry on Tuesday, the country said this move underscores the urgent need for concerted global action to address the challenges of climate change. In the statement issued by the Special Adviser to the Minister on Media and Communications Strategy, Mr Alkasim Abdulkadir, it was said that Nigeria is leading the fight against climate change in Africa by setting ambitious

Image
06-December-2023

Residents of Nigeria, Turkey, and UAE Most Likely to Own Crypto

Cryptocurrencies, including Bitcoin and various alternatives, are no longer just investments for speculation. They represent a significant change in how people view and use money, providing decentralized options compared to traditional financial systems. According to a report by CoinJournal, which analysed owners of cryptocurrencies between 2020 and 2023, 47 per cent of Nigeria’s population are actively engaged with crypto, with Turkey experiencing a notable 31 per cent jump in cryptocurrency ownership from 2020 and currently shares the top spot with Nigeria, while 31 per cent of the people in the United Arab Emirates (UAE) own digital currencies in 2023. Nigeria

Image
06-December-2023

The Sports Betting Boom: A Deep Dive into the Growing Industry in Nigeria

In the heart of Nigeria, a quiet revolution is taking place—one that involves more than just cheers and goals. The sports betting industry is experiencing a seismic shift, transforming from a niche activity to a cultural phenomenon. Sports fans across the country are continuously being witnessed wagering on various sporting activities, mainly football, especially the English Premier League. This article explores the dynamic landscape of sports betting in Nigeria, uncovering the unique facets that fuel this growing industry. Online Sports Betting’s Meteoric Ris The traditional image of bet shops adorned with chalkboards may still linger in some corners, but the

Image
06-December-2023

Nigerian Startup Pivo Shuts Down Operations After Raising $2m

By Aduragbemi Omiyale A Nigerian startup, Pivo, which raised about $2 million in November 2022, is shutting down its operations, TechCabal is reporting. The platform quoted the co-founder and chief executive of the firm, Ms Nkiru Amadi-Emina, as confirming the intention of the company to fold up. However, no specific reason was given for the decision, though some organisations have been closing shops in Nigeria lately due to the harsh operating environment. One of the biggest pharmaceutical firms in the country, GlaxoSmithKline (GSK), announced a few months ago that it would no longer operate its business from Nigeria, opting to

Image
06-December-2023

Morgan Capital Restores iTrade Service After 48-Hour Glitch

By Dipo Olowookere The online stock trading platform of Morgan Capital Securities Limited, iTrade, is now back online. The iTrade service went offline on Monday due to a technical glitch, which the company confirmed has been resolved, allowing its numerous clients to buy and sell shares and other securities without hassle. “Thank you for your patience and understanding. “This is to inform you that the trading platform (iTrade) is now fully up and running to enable you to trade seamlessly. “Our sincere apologies for any inconvenience caused as a result of this,” a statement from the company, which was sighted

Image
06-December-2023

OTC Securities Exchange Rises 0.47% as Food Concepts, Two Others Gain

By Adedapo Adesanya  Appreciation in the stock prices of Newrest Airline Services & Logistics (ASL) Plc, Food Concepts Plc, and UBN Property Plc saw the NASD Over-the-Counter (OTC) Securities Exchange extend its gain by 0.47 per cent on Tuesday, December 5. Data showed that Newrest increased its price by N1.61 during the session to settle at N17.71 per unit compared with the previous day’s price of N16.10 per unit, Food Concepts Plc (owners of Chicken Republic) gained 15 Kobo to close the day at N1.65 per share versus N1.50 per share, and UBN Property Plc rose by 13 Kobo to

Image
06-December-2023

Naira Sells N806.73/$1 at Official Market Amid 92.9% Jump in Forex Supply

By Adedapo Adesanya The supply of foreign exchange (FX) into the Nigerian Autonomous Foreign Exchange Market (NAFEM) improved by 92.9 per cent or $68.7 million on Tuesday to $142.63 million from $73.93 million on Monday, according to data obtained from the FMDQ Securities Exchange. This improvement in forex liquidity into the official market supported the Naira to gain weight against the United States Dollar yesterday, as its value soared by N31.04 or 3.7 per cent to N806.73/$1 from the N837.77/$ it ended a day earlier. This also trickled down to the parallel market, which witnessed less pressure from customers, helping

Image
06-December-2023

Brent, WTI Weaken on Stronger US Dollar, Demand Worries

By Adedapo Adesanya  The prices of the crude oil benchmarks, Brent and the West Texas Intermediate (WTI) fell to a near five-month low on Tuesday on a stronger US Dollar and demand concerns. According to data obtained by Business Post, Brent futures went down by 83 cents or 1.1 per cent to $77.20 a barrel and WTI weakened by 72 cents or 1.0 per cent to $72.32 per barrel. The prices were the lowest for both crude benchmarks since July 6. This put the market down for a fourth day in a row on doubts over voluntary supply cuts announced by

Image
06-December-2023

NGX Gains 0.43% as Buying Activities in GTCO, FBNH, Others Intensify

By Dipo Olowookere The Nigerian Exchange (NGX) Limited quickly returned to the green territory after chalking up 0.43 per cent on Tuesday as a result of buying activities in some financial and industrial goods equities. The high demand for some large-cap stocks at the exchange influenced the rebound recorded during the session, ahead of the forthcoming earnings season. Business Post reports that the industrial goods index appreciated by 1.94 per cent, the banking space grew by 1.45 per cent, and the consumer goods sector improved by 0.08 per cent, while the insurance space depreciated by 0.17 per cent, with the

Image
06-December-2023

NNPC Makes Changes to Crude Cargoes Pricing

By Adedapo Adesanya The Nigerian National Petroleum Company (NNPC) Limited will alter how its crude cargoes are priced from January 2024. According to a new circular, the state oil company will start pricing its supplies against the monthly average of Dated Brent, the physical crude benchmark, raising worries that the nation’s barrels may become more risky. Prior to this latest move, Nigeria prices its crude cargoes based on Dated Brent’s average settlement in the five days after loading. NNPC plans to stick with the initial nominated loading dates for pricing purposes, according to the circular. Bloomberg reported that traders said