HelloSamson's Blog

We have  already been regaled with reports provided by the Wikileaks which identified the US embassy in Nigeria as a forward operating base for wide and far reaching acts of subversion against Nigeria which include but not limited to eavesdropping on Nigerian government communication, financial espionage on leading Nigerians, support and funding of subversive groups and insurgents, sponsoring of divisive propaganda among the disparate groups of Nigeria and the use of visa blackmail to induce and coerce high ranking Nigerians into acting in favour of US interests. But beyond what we know from the Wikileaks report, what many Nigerians do not know is that US embassy’s subversive activities in Nigeria fits into the long term US government’s well camouflaged policy of containment against Nigeria the ultimate goal of which is to eliminate Nigeria as a potential str...

Acting Governor of the Central Bank of Nigeria, Dr. Sarah Alade he Monetary Policy Committee of the Central Bank of Nigeria on Tuesday expressed concern over the drop in fiscal buffers, stating that the development had exposed the economy to vulnerabilities arising from both domestic and external shocks. The committee, at the end of its meeting at the central bank headquarters in Abuja, noted that the erosion had accentuated the regime of persistently high interest rates as well as elevated demand for foreign exchange. Addressing journalists shortly after the two-day meeting, the Acting Governor, CBN, Dr. Sarah Alade, explained that following the depletion of the external reserves, the committee had mandated the management of the bank to continue to monitor developments in the fiscal space, with a view to taking appropriate monetary policy actions. She put the country’s gross external reserves as of May 15, 2014 at $38.30bn, compared with $37.40bn at the end of March and $4...

The wreckage of a burnt vehicle and burning shops following a bomb blast at Terminus market in the central Nigerian city of Jos. Photograph: Str/AFP/Getty Images At least 118 people were killed in the central Nigerian city of Jos on Tuesday after two bombs ripped through a business district packed with commuters and traders. There was no immediate claim of responsibility for the explosions, but the bombs bore the hallmarks of other attacks by Islamist sect Boko Haram, which has recently stepped up a bloody five-year battle campaign to establish a caliphate in northern  Nigeria , and kidnapped more than 300 schoolgirls from a remote north-eastern school in April. In the past month, the group has set off two bomb blasts in the capital, Abuja, and another in the country's second city, Kano. Abdulsalam Mohd, of Nigeria's national emergency management agency, said ambulances and volunteers were ferrying wounded and dead from Terminus, an area home to a teaching hospital,...