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Showing posts from October, 2023

Inflation: Recent Economic Changes in Nigeria

Since the previous administration of Muhammadu Buhari restricted access to dollars for a list of 43 imported items in Nigeria, the prices of goods and services have skyrocketed arbitrarily. This policy has left most Nigerians vulnerable and made their lives uneasy. Consequently, businesses have collapsed due to reduced consumer spending. This decision has led to increased tensions, instability, and a rise in criminal activities in Nigeria. The government cited reasons for this policy, but the unintended consequences have had a severe impact. Some of the restricted items include rice, cement, margarine, palm kernel, palm oil products, vegetable oils, processed meat, vegetables, poultry, tomatoes, soap, cosmetics, clothes, private airplanes, Indian incense, tinned fish, steel sheets, roofing sheets, wheelbarrows, metal containers, enamelware, steel drums, wire mesh, steel nails, wooden products, furniture, toothpicks, glassware, kitchen utensils, tableware, tiles, plastic products, polyp

War: Hamas Launches Surprise Attacks On Israel - Abubakar Haruna

Hamas launches surprise attacks on Israel, over 700 dead and 1600 injured. On the morning of October 7th, 2023, Hamas fighters launched a series of unexpected attacks on Israel, resulting in a staggering death toll of over 700 people and more than 1600 casualties. The situation escalated dramatically when Hamas unleashed over 700 rockets on Israeli territories, leading to numerous fatalities and injuries. The Israel territories saw a successful invasion, with approximately 22 corridor communities falling under Hamas control. This offensive was carried out by breaching the IDF's reinforced border fence at multiple points along the border, military landings were conducted with naval corridors, motorised paragliders, and drones all coordinated to begin early in the morning, around 6:30 am. According to reports , the toll on the Israeli side reached approximately 700 fatalities, with over 1600 people wounded. There were also concerns about the potential for further casualties, as Hamas