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Yobe Government, Arab Bank Discuss Areas of Partnership

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Yobe Government, Arab Bank Discuss Areas of Partnership

By: Michael Mike

Yobe state Governor. Hon. Mai Mala Buni has had discussions with the President Arab Bank for Economic Development in Africa,(BADEA) Dr. Sidi Ould Tah, on areas of support and partnership between Yobe state government and the bank.

At the meeting which held in Riyadh, Saudi Arabia on Tuesday, the governor noted that: “This collaboration is of great importance to us as we strive to recover from the many years of devastation from the huge destructions caused by the Boko Haram insurgency in Nigeria.”

Mala noted that: “Yobe state is the second most affected state by the Boko Haram insurgency.”

He lamented that: “Yobe state suffered protracted security challenges with loss of many lives, destruction of government and private properties, infrastructures including schools, hospitals, water facilities, health institutions, roads, power supply and means of livelihood.”

He however revealed that peace has substantially returned to the state and that government has taken advantage of the improvement in peace to relocate the displaced persons back to their communities after rebuilding infrastructures destroyed by the insurgency.

He said: “I am also glad to inform you that our decision to close down the IDP camps, return the people to their communities, rebuild the infrastructure and work towards recovery of the economy to provide people with a means of livelihood, has been lauded and recognized as a role model by the United Nations Development Programme.

“However, it is a fact that the economy of the state is grossly inadequate to address the humongous destruction caused by the insurgency. This explains the importance of our meeting to explore avenues of support by the bank to accelerate the Reconstruction, Rehabilitation and Recovery process of the state government.

Buni said: “in recognition of agriculture as the most veritable instrument for the post-insurgency economic recovery, the state government launched a multi Billion Naira Agricultural Empowerment Programme providing modern agricultural implements to 5,340 farmers

“I wish to gladly inform you that Yobe is a leading state in Sesame seeds and Gum Arabic production in Nigeria and one of the largest producers of livestock such as cattle, sheep, goats and camels.

“With the return of peace, Yobe state is now very peaceful, conducive and business-friendly with lots of opportunities for investments. The inauguration of the state-owned international Cargo airport provides an effective means of transportation of agricultural produce and livestock within Nigeria and outside the country.

“Our desire to aggressively improve agriculture to ensure food security, build more roads, establish more schools, health facilities, provide safe drinking water, safeguard the environment and face other negative challenges affecting the state, are areas of discussion and collaboration between the state and your bank” the Governor emphasised.

President of the Bank. Dr. Sidi Ould Tah commended Buni for reconstructing the infrastructures to revamp agriculture, education, healthcare and others to improve the lives of the people.

He further assured that the bank would explore areas of partnership and cooperation to support the reconstruction and recovery programme of the state government.

“Mr Governor, l must commend you for putting your resources in the right place to serve your people. We are ready to support your laudable efforts to achieve the set goals” the president assured.

Yobe Government, Arab Bank Discuss Areas of Partnership

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Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

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Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

By: Michael Mike

The Nigeria Movement of Solidarity with Cuba (NMSC) has expressed deep condolences to the government and people of Cuba following the killing of 32 Cuban internationalists in Venezuela.

In a press statement issued in Abuja on Saturday, the pro-people coalition, which includes labour unions, civil society organisations and intellectuals, alleged that the Cuban nationals were killed during an attack in Caracas on January 3, 2026, while protecting Venezuelan President Nicolás Maduro, his wife, Cilia Flores, and what it described as the sovereignty of Venezuela.

The group said the Cubans chose to resist despite being overwhelmed, describing their actions as a demonstration of courage, honour and commitment to international solidarity.

NMSC drew parallels between the incident and past historical events where Cuban nationals were involved in overseas struggles, including the 1983 U.S.-led invasion of Grenada and Cuba’s military support for African liberation movements in Angola, Namibia and South Africa during the fight against apartheid.

According to the organisation, thousands of Cuban youths lost their lives in Africa while contributing to the dismantling of apartheid systems backed by Western powers. The group noted that Cuba’s internationalism has not been limited to armed conflicts, citing the country’s long-standing medical outreach to developing nations, including Nigeria.

The statement also recalled Cuba’s response during the COVID-19 pandemic, when it dispatched medical teams to dozens of countries and received hundreds of stranded cruise ship passengers at a time many nations had closed their borders.

NMSC extended its sympathy to the families of those killed in Venezuela and called on the United States government to respect international law, halt what it described as foreign military interventions, and lift sanctions imposed on Cuba, Venezuela and other countries.

The group further aligned itself with repeated resolutions of the United Nations General Assembly calling for the end to the decades-long U.S. embargo against Cuba, insisting that global peace and development require cooperation rather than conflict.

The statement was signed by veteran labour activist and writer, Owei Lakemfa, on behalf of the Nigeria Movement of Solidarity with Cuba

Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

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NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

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NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.

The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.

They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.

“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.

“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.

According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.

“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.

“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”

The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.

They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.

They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.

They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.

“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”

NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

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Troops neutralise bandit, recover arms in Plateau raid

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Troops neutralise bandit, recover arms in Plateau raid

By: Zagazola Makama

Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.

Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.

According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.

“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.

The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.

The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.

Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.

Troops neutralise bandit, recover arms in Plateau raid

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