Tagged: Business

Boko Haram Lures, Traps Young Nigerian Entrepreneurs With Business Loans

Boko Haram has lured young entrepreneurs and business owners in northeast Nigeria to join the Islamist militant group by providing or promising capital and loans to boost their businesses, aid agency Mercy Corps said on Monday. According to Reuters, seeing successful business ownership as a way to escape poverty, many Nigerian youths – ranging from butchers and beauticians to tailors and traders – accepted loans for their businesses in return for joining Boko Haram, Mercy Corps said. Yet the lure of business support is often a trap, as those who cannot repay their loans are forced to join the...
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PIRATES ATTACK SHIP OFF THE COAST OF NIGERIA AGAIN

Pirates have attacked a ship off the coast of Nigeria for the second time in as many days, but the attackers were thwarted in the latest incident by a quick-acting crew, an international maritime watchdog said Thursday. The pirates opened fire Wednesday on a Nigerian-owned oil tanker about 80 nautical miles off Port Harcourt, said Noel Choong, who heads the International Maritime Bureau's piracy reporting center in Kuala Lumpur. Choong said the ship managed to escape after crew members enforced anti-piracy measures and increased vessel speed. The attack came a day after Nigerian pirates robbed a cargo...
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