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Boko Haram Damaturu under siege

Members of the dreaded sect, Boko Haram, unleashed terror in Damaturu, the Yobo State capital on Thursday and Friday morning, killing people and torching some security formations. The casualty figure is yet unknown, but an hospital source said it is high. The attacks, according to information gathered, were carried out with the use of rocket…

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Why naira is on decline, by experts

Experts are blaming the current downward spiral of the Naira on high political patronage among other factors. The Naira, which is the second most-traded currency on the continent, fell 2.4% this year as the governor of Central Bank of Nigeria (CBN), Mallam Lamido Sanusi, warned of increasing demand for dollars for political patronage in the…