News
Rebuilt After Fire: Zulum opens Monday Market, waives two years rent for 8,000 traders
Rebuilt After Fire: Zulum opens Monday Market, waives two years rent for 8,000 traders
… Announces N800m for 2,825 traders
By: Our Reporter
Borno State Governor, Babagana Umara Zulum, on Monday, commissioned the Maiduguri Monday market which was rebuilt after it was razed by fire on Sunday February 26, 2023.
The governor also announced that about 8,000 traders who rent shops and pay rent to the state government through the market authority will not have to pay rent for the next two years because of the huge losses they suffered during the fire.
“As you would recall, Maiduguri Monday market was burnt down by fire in February, 2023. Borno State Government set up a committee to rebuild the market. The market has now been completely rehabilitated with over 8,000 traders to benefit from the remodelled market, Zulum said.
The remodelled market structure involved a comprehensive redesign and expansion plan with a more organized and accessible space for business activities.
It has wider walkways, designated zones for different product categories, and some basic facilities all of which have now transformed the market into a shopper-friendly destination.
Zulum had, in February, released N2b to the committee constituted to administer activities relating to the market with additional N1b as palliative to victims of the fire disaster.
… Announce N800m to 2,825 traders
Governor Babagana Umara Zulum at the commissioning, announced N800m support to about 2,825 traders who were unable to be allocated shops after the remodeling.
They hitherto operated in temporary shades and market stalls while some operated illegally.
“In the course of the reconstruction exercise, the committee recommended the remodelling of the market because it was found that the congestion in the market had contributed to the escalation of the fire incident”, Zulum stated.
The governor continued: “As a result of the remodelling, over 2,000 traders who either operated at a temporary site, built shops illegally on water ways, could not get shops in the market. However, the government will support over 185 of them with N1m each, 2,000 others will get N300,000 each and about 640 will receive N100,000 each”, Zulum also said.
The governor promised that the 2,825 traders would be allocated shops at a new market to be sited in Maiduguri.
Rebuilt After Fire: Zulum opens Monday Market, waives two years rent for 8,000 traders
Police repel bandits, rescue six kidnapped victims on Yankara-Funtua highway in Katsina
By: Zagazola Makama
Police in Katsina State have successfully rescued six kidnapped victims after intercepting an armed bandit attack on Yankara-Funtua highway in Faskari Local Government Area.
Sources said on Jan. 24 at about 1:25 a.m., unidentified armed bandits blocked the highway and abducted six occupants of a green Honda Civic, registration number AAA 518 BC, en route from Funtua to Faskari.
The DPO Faskari, on routine patrol, promptly engaged the hoodlums in a tactical gunfight.
The bandits were overpowered and fled into the bush, abandoning their mission. All six victims, Rabi Hamisu, Safare Musa, Abubakar Samaila, Shehu Umar, Sara’u Yahaya, and Ibrahim Babangida, were rescued unharmed and safely returned to their homes.
Intensive patrols continue in the area, while efforts to apprehend the fleeing suspects are ongoing.
Police repel bandits, rescue six kidnapped victims on Yankara-Funtua highway in Katsina
Suspect arrested for trespassing, attempting robbery at Bauchi Emir’s palace
By: Zagazola Makama
A 20-year-old man, Umar Hamza, was apprehended Wednesday night for trespassing and attempting to steal from the Emir of Bauchi’s residence.
Sources said Hamza entered one of the Emir’s son’s rooms carrying a bunch of keys and tried to commit theft around 8:20 p.m. on January 23.
He was intercepted shortly after the act and taken into the Police custody for questioning.
Police said Preliminary inquiries indicate the suspect intended to steal from the palace.
Suspect arrested for trespassing, attempting robbery at Bauchi Emir’s palace
VP Shettima Returns To Abuja, Says Nigeria Firmly Back On Global Economic Frontline
By: Our Reporter
Vice President Kashim Shettima has returned to Abuja after a week-long diplomatic and economic mission to Guinea-Conakry and Switzerland.
This is just as he said Nigeria has reclaimed a frontline seat in global and regional policy conversations.
VP Shettima arrived at the Nnamdi Azikiwe International Airport on Saturday after representing President Bola Ahmed Tinubu at the inauguration of Guinea’s President, Mamadi Doumbouya, and leading Nigeria’s delegation to the 56th World Economic Forum (WEF) Annual Meeting in Davos.
According to the Vice President, the trip is part of Nigeria’s renewed commitment to regional solidarity in West Africa and its determination to reposition the economy under President Tinubu’s Renewed Hope agenda.
The Vice President had departed Abuja for Conakry, where he attended President Doumbouya’s inauguration, reaffirming Nigeria’s leadership role within ECOWAS, while opening new pathways for bilateral cooperation in agriculture and manufacturing.
From Guinea-Conakry, Senator Shettima proceeded to Davos, Switzerland, where he led the Nigerian delegation at the WEF 2026.
One of the highpoints of his engagements in that country was the commissioning of Nigeria House Davos, the Nigeria’s first-ever sovereign pavilion on the Davos Promenade, designed as a permanent investment hub showcasing opportunities in solid minerals, agriculture and the digital economy.
At a high-level WEF session titled, “When Food Becomes Security,” the Vice President outlined Nigeria’s new national food security framework, describing agriculture as a strategic pillar of national security and macroeconomic stability.
Vice President Shettima also joined former President Olusegun Obasanjo, former Vice President Yemi Osinbajo and Minister of Finance, Mr. Wale Edun, to advance the Accra Reset Initiative, a forum advocating African industrialisation driven by domestic capital and value chains rather than foreign aid.
On the economic front, the Vice President told investors that Nigeria’s macroeconomic indicators were stabilising, citing a projected 4.4 per cent GDP growth in 2026 and a decline in inflation to 12.94 per cent.
He also pointed to Nigeria’s imminent transition into a net exporter of refined petroleum products, anchored by the Dangote Refinery, and the growing export of digital talent.
VP Shettima Returns To Abuja, Says Nigeria Firmly Back On Global Economic Frontline
Bandits raid Kitibawa community in Katsina despite peace deal
NDLEA Nabs Brazilian Woman With N3bn Heroin at Abuja Airport, Seizes Explosives, Drugs Nationwide
Police repel bandits, rescue six kidnapped victims on Yankara-Funtua highway in Katsina
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