Shi’ites Threaten To Occupy Abuja If Zakzaky Is Not Released In Two Weeks

Members of the Islamic Movement in Nigeria (IMN) under the umbrella of the ‘Save Zakzaky’s Life Group’ has threatened to occupy Abuja in thousands if their leader, Sheikh Ibrahim Zakzaky is not released.

The group in a statement signed by its Coordinator, Malam Bashir Mafara also accused the Buhari-led government of conspiring with foreign and international allies to wipe out the movement.

The group further observed that there is a deliberate and calculated delay by Nigerian Government to release Zakzaky, who has been in detention without trial since December 2015, after the clash between the Nigerian Army and the IMN.

He added, “at this point, SHAIK ZAKZAKY’S LIFE GROUP OF NIGERIA, after a carefully and sensitive analysis,  has realised that,  Buhari’s government is deliberately frustrating the life of Shaik Zakzaky in custody, with its worrisome hidden agenda; if not,  why not release him to go for a proper medical examination; why not take him to the court of law; why are you violating the rule of law?”

The group called on President Muhammad Buhari’s government to release Zakzaky unconditionally within two weeks from today, adding that, “at the expiration of the deadline and without the release of Zakzaky, members of the movement including men, women and children, would storm Abuja,  Nigeria’s capital,  for a peaceful and well organized “SIT AROUND”, and we would not leave until our leader, Zakzaky is unconditionally released.”

Credit: dailytrust

Nigeria’s Recession Pushes Bonds To Lowest Point In More Than Two Weeks

Nigeria’s dollar bonds have fallen to their lowest point in more than two weeks after official statistics  showed that the  economy had entered its first recession in 25 years.

  The official data showed that the economy contracted by 2.06 percent in the second quarter.

 According to a Reuters report “The 2023 issue chalked up the biggest losses, down 0.728 cents to trade at 99.417 cents in the dollar – its lowest since Aug. 15, according to Tradeweb data. The 2021 bond slipped by 0.489 cents to 102.156 cents while the 2018 issue lost 0.603 cents to trade at 101.167 cents.”

 The report further showed that “data from the Nigerian Bureau of Statistics (NBS) showed the non-oil sector declined due to a weaker currency while lower oil prices dragged the oil sector down.

Credit: dailytrust

Senate Committee Gives Petroleum Minister Two Weeks To End Fuel Scarcity

The Senate Committee on Petroleum Downstream has given the Minister of State for Petroleum and the NNPC two weeks to end petrol scarcity in the country.

The committee handed down this directive at a meeting with officials of the Ministry of Petroleum, NNPC and agencies in the petroleum sector.

For nearly three weeks, there have been long queues at different petrol stations across the country; a situation that has defied solutions by previous administrations and has again reared its head a few months into the present government.

The heads of the agencies explained the reason for the problem in the petroleum downstream sector which they say have made petrol scarcity a recurring problem in the country.

Credit: ChannelsTV