Tag: market

  • Another Dark Day in Niger as Bandits Raid Market, Kill 30, Abduct Many

    Another Dark Day in Niger as Bandits Raid Market, Kill 30, Abduct Many

    It was yet another bloody day in Niger State as blood-thirsty bandits operating in the Kainji Lake National Park area have unleashed mayhem on a village market in the Kabe District of Borgu Local Government Area, razing it to the ground and killing 30 villagers.

    The blood-baying marauders also abducted a yet-to-be-estimated number of people, reports said..

    The Niger State Police Command confirmed that the tragic incident occurred on Saturday saying the criminals raided the Kasuwan Daji market in Demo village, after accessing it through Kabe.

    During the attack which began at about 9p.m., the police further stated, the bandits burned down the market, looted food items and sundry items, randomly opened fire at villagers, and abducted many people en-route the expansive Kainji Lake National Park forest.

    The Niger State Police Command’s Public Relations Officer, Wasiu Abiodun, a Superintendent of Police, who confirmed the attack revealed that a joint security team had visited the scene and that efforts were ongoing to rescue the kidnapped victims.

    “On 03/01/2026 at about 9 p.m., information received revealed that at about 4:30 p.m. of the same date, suspected bandits from the National Park forest along Kabe District invaded Kasuwan Daji, located at Demo village via Kabe, burnt the market, looted shops, and carted away food items,” Abiodun said.

    “On 04/01/2026 at about 8 a.m., a report indicated that a joint security team visited the scene, and over 30 victims lost their lives during the attack.

    “Some persons were also kidnapped. Efforts are ongoing to rescue the kidnapped victims. Further developments will be communicated.”

    Saturday’s attack came on the heels of the November 21, 2025 bandits’ invasion of St. Mary’s Private Catholic Primary and Secondary School, Papiri, Agwara Local Government Area of Niger State, during which 303 students and 12 teachers were abducted at about 2a.m. that fateful day.

    Fifty pupils escaped from the bandits on the day of the attack and were reunited with their families, while the Federal Government secured release of 100 others.

    On December 21, 2025, Mr. Mohammed Idris, the Minister of Information and National Orientation, announced that the remaining 230 abducted pupils and students of St. Mary’s Primary and Secondary School, Papiri, had been freed.

     

  • Okitipupa Oil Palm PLC Hits Stock Market, Opens Shares for Public Investment

    Okitipupa Oil Palm PLC Hits Stock Market, Opens Shares for Public Investment

    Okitipupa Oil Palm Plc, in Ondo State,  has listed its shares on the NASD OTC Securities Exchange, paving the way for the investing public to buy into the agricultural company.

    The latest listing on the NASD came after the company was delisted from the Nigerian Exchange (NGX) and several decades of instability and near liquidation.

    Regulatory filing at the weekend indicated that a total of 115.32 million shares of Okitipupa Oil Palm were listed at N9.26 per share, indicating entry market capitalisation of N1.08 billion.

    Okitipupa Oil Palm, founded in 1968, produces palm oil and kernels into various products including crude palm oil, technical oil, pharmaceutical sterin, palm wine, brooms, seedlings, ashes and brown soaps.

    Okitipupa Oil Palm was established to serve oil palm estates scattered across the three local governments of Okitipupa, Irele and Ese-Odo in Ondo.

    After nearly three decades of instability and near liquidation, Okitipupa Oil Palm had returned to profitability in recent years as the company continues to implement its recovery plan.

    Some N1 billion had been spent on balance sheet restructuring to clear outstanding debts while pursuing an ambitious plan to put the company on the path of profitability.

    Outstanding liabilities of about N800 million owed as at March 2018 by the previous management, including land owners peppercorn rent for 31 years had been fully paid under a new cash management system introduced by the new board of the company.

    Part of the company’s growth plan included a five-stage full resuscitation. These included full plantation repossession and rehabilitation phase, development of its existing 5,800 hectares of a new green field, replanting of 9,000 of brownfield, upgrading of its 40 metric tonnes per hour mill at the company’s headquarters and the 4.5 metric tonnes per hour mill at Ipoke as well as development of refining capacities.

    The company’s annual turnover increased from N260 million in 2017 to about N2 billion in 2023. Profit also rose from a modest N38.6 million in 2017 to about N1 billion in 2023.

    Managing Director, Okitipupa Oil Palm Plc, Mr Taiwo Adewole has said the company has been working  assiduously to substantially liquidate most of its debts.

    He said the company was on the way to being a key player in the agribusiness sector.

    He said the company has embarked on some measures aimed at re-strategising and putting the company on a solid footing to enable it respond effectively to emerging challenges and return to its past leading role in the industry.

    He said the company was working with partners to run its plantations, as well as meet other critical business needs, adding that the investment demonstrated confidence in the local economy and the future of the sector.

    He noted that there is great potential for Nigeria in the palm oil sector, adding that the company was ready to demonstrate to the rest of the world that palm oil can be grown competitively.

  •  Lagos Shuts Alaba International Market over Environmental Offences

     Lagos Shuts Alaba International Market over Environmental Offences

    The Lagos State government has shut down the Alaba International Market over improper garbage disposal methods.

    Lagos State Commissioner for Environment Tokunbo Wahab announced this in a post on his X (formerly twitter) page on Monday morning.

    He wrote: “Alaba International Market, Ojo has been sealed up for poor waste disposal practices, failure to pay their waste bills, and gross environmental sanitation offences.”

    The closure is the latest in the Lagos State Government’s campaign to close marketplaces and demolish unlawful buildings.

    The Lagos State Government also closed the Ladipo Auto Parts Market and other marketplaces due to environmental violations.

    The Mile 12 International Market was recently closed but reopened.

    The Owode Onirin Market on Ikorodu Road suffered a similar fate as a result of uncontrolled rubbish dumping.

  • Lagos Reopens Mile 12 International Market

    Lagos Reopens Mile 12 International Market

    The Lagos State Government on Monday ordered the reopening of Mile 12 International Market after it was sealed on Friday.

    The Commissioner for the Environment and Water Resources, Mr Tokunbo Wahab, said the market was reopened after a thorough assessment, covering various aspects of environmental compliance, waste management practices, and general cleanliness within the market.

    He noted that issues critical to the environment, public health and safety were not negotiable, as the government would not watch helplessly as those values were compromised and eroded by the conduct of a few people.

    “We cannot continue to be nonchalant about our environment. Our negative attitude towards the environment must stop.

    ”The way we treat the environment is the way the environment treats us. We cannot fold our arms and allow the nonchalance of a few to affect the generality of the people.

    “Following full compliance with environmental standards and safety measures earlier listed as a precondition for reopening shut markets, the Lagos State Government has ordered the immediate reopening of Mile 12 International Market.

    “Despite several advocacies and public Enlightenment, the government is left with no choice but to enforce. The enforcement exercise will be a continuous one, as no Government takes delight in shutting down markets,” Wahab said

    He urged the traders to play by the rules of acceptable standards, putting a premium on hygiene for their health and that of the public, stressing that the government will not shy away from shutting down any market that returns to old filthy ways.

    Also speaking on the reopening, the Managing Director/CEO of the Lagos Waste Management Authority, Dr Muyiwa Gbadegesin, said that the Authority is committed to environmental sustainability and public safety, especially around market facilities in the state.

    “The temporary closure of Mile 12 Market was essential to address observed environmental issues. We aim to ensure that all markets in Lagos, including Mile 12, operate in line with environmental regulations, creating a safer and healthier trading environment for everyone involved.

    “We worked closely with Mile 12 Market traders and associations to implement corrective actions, including placement of dino bins, proper waste collection, disposal, employment of waste policing, bin keepers and payment for waste services, among others,” Gbadegesin

    The LAWMA boss charged traders at the market to show total commitment to the environmental laws of the state, to pave the way for a cleaner and healthier environment for both the traders and their customers.

    NAN reports that the market was sealed along with Owode Onirin Market for sundry environmental infractions.

    NAN

  • Angry Mob Prevents Firefighters from Working As Fire Guts Alaba International Market

    Angry Mob Prevents Firefighters from Working As Fire Guts Alaba International Market

    The Alaba International Market, Ojo, Lagos has been gutted by fire, according to the Lagos State Fire and Rescue Service as angry mob were reported to have prevented the fire fighters from putting the fire off.

    The agency’s director, Adeseye Margaret, made this known in a situation report on Friday, noting that efforts were underway to put out the inferno.

    However, firefighters from Ojo, Sari-Iganmu and Ajegunle were said to have been prevented by an angry mob from putting out the fire.

    She said: “Emergency Alert! Report reaching Lagos State Fire and Rescue Service indicates shops at the popular Alaba International Market, Ojo, Lagos are on Fire.

    “However, Fire Crew from Ojo, Sari-Iganmu and Ajegunle are being turned back by angry mobs from performing their statutory duty but presently on standby.”

    “The agency is consequently collaborating with Security agents to address it,” she added.

  • Breaking: Fire Outbreak at Balogun Market, No Casualty –LASEMA

    Breaking: Fire Outbreak at Balogun Market, No Casualty –LASEMA

    The Lagos State Emergency Management Agency (LASEMA) said on Thursday that no casualty was recorded at the Balogun Market fire on Broad Street on Lagos Island.

    Its Permanent Secretary, Dr Olufemi Oke-Osanyintolu, stated that the fire began at about 1.33 a.m. on Thursday and razed some shops.

    “The agency responded to distress calls concerning the fire.

    “Upon arrival at the scene operatives encountered a fire involving some shops on the ground floor of a three-storey building.

    “The cause of the fire could not be immediately ascertained. Fortunately, no casualty was involved in the incident.

    “The agency’s response team alongside two Lagos State Fire Service trucks, and the police are currently at the incident working together to subdue the inferno,’’ Oke-Osanyintolu stated.

  • Breaking: Gov Ikpeazu Orders Closure of Aba Cattle Market, Abattoir

    Breaking: Gov Ikpeazu Orders Closure of Aba Cattle Market, Abattoir

    GovernorOkezie Ikpeazu of Abia State, has closed the abattoir/cattle market and Ahia Udele market after a trailer rammed into the market and killed scores of people in Aba.

    This was contained in a statement by Abia Commissioner for Trade and Investment, Chief John Kalu, on Thursday.

    Kalu explained that the closure was as a result of “the sad and shocking incident” of a loaded trailer losing control and falling into the abattoir located at Waterside River area of Ogbor Hill, Aba.

    “All those currently doing business in the above markets/abattoir should immediately relocate to the following locations: (1) New Omuma Uzor Abattoir in Ukwa West; (2) Good morning Market, Aba, for those currently in Ahia Udele,” the statement read.

    “The governor also directed the Ministry of Homeland Security to work with relevant security agencies in ensuring compliance.

    “While we mourn with those who lost loved ones in the unfortunate incident which occurred earlier today, it is important to state that the Ministry of Trade and Investment had long commenced processes to relocate the markets in line with public health advice received from the Ministry of Environment and other relevant agencies.

    “This gave rise to the acceleration of processes for the completion of the new abattoir which should be ready later this month.

    “The ministry wishes to appeal to those concerned to ensure full compliance with the directive to relocate without delay while we assure them that the ministry will do everything possible to ensure that they are properly settled to continue doing their businesses within a safer and healthier environment.”

  • Fire Razes Dugbe Market in Ibadan

    Fire Razes Dugbe Market in Ibadan

    Fire on  Wednesday razed a building and some shops in the Lebanon area of Dugbe,in the ancient town of  Ibadan, Oyo State.

    The fire reportedly started at about 1.20 p.m.

    Men of the fire service from the Central Bank of Nigeria (CBN) and the state fire service were seen at the scene of the fire emptying three water tankers and frantically battling the fir

     

  • Egbemode Scores Oyetola High, Says the Gov is a Great Product to Market

    Egbemode Scores Oyetola High, Says the Gov is a Great Product to Market

    Governor of the State of Osun, Mr. Adegboyega Oyetola, has been described as a media savvy leader who neither looks for trouble nor courts controversy.
    The State Commissioner Information and Civic Orientation, Mrs.Funke Egbemode  made this assertion in Osogbo, the state capital, while receiving the executives of the Lagos Council of the Nigerian Union of Journalists, NU, led by its Chairman, Dr.Qasim Akinreti.
    Egbemode, however, observed that behind Governor Oyetola’s gentle disposition to life is an uncommon energy to work long hours without losing his temperament. “You only see him upset when you don’t meet your target,” the Commissioner disclosed.
    The Governor, Egbemode further posited, was adept at doing things differently and was eager to showcase Osun to the rest of the world with a view to bringing in investments into the state’s mining, agriculture, and tourism sectors.
    “Osun is too rich to be poor,” Egbemode enthused, “and we explore just  30% of our  natural resources in the state. (Soon), we would become a regional commercial hub and the governor is determined to make it happen.”
    Lagos NUJ visits Funke Egbemode in Osogbo: L-R: Mr. Alfred Odifa - Secretary NUJ, Dr. Qasim Akinreti - Chairman , Lagos NUJ, Prince  Oluwole Oyebamiji - Osun SSG, and Mrs. Funke Egbemode, Commissioner for Information and Civic Orientation during the visit.e
    Lagos NUJ visits Funke Egbemode in Osogbo: L-R: Mr. Alfred Odifa – Secretary NUJ, Dr. Qasim Akinreti – Chairman , Lagos NUJ, Prince Oluwole Oyebamiji – Osun SSG, and Mrs. Funke Egbemode, Commissioner for Information and Civic Orientation during the visit.e
    On his part, the Lagos NUJ boss, praised Mrs. Egbemode for her creativity and rich innovation which she has brought to bear on her job since she assumed office.
    Akinreti also lauded the landmark achievements of Egbemode as  the immediate past President of the Nigeria Guild of Editors,  NGE, a record, he said, “is still unbeatable.”
    In a similar development, the Secretary to the State Government of Osun, Prince Wole Oyebamiji, praised Mrs. Egbemode for her efforts at projecting the state in good light before its various publics through professional media exposure since her appointment as Commissioner  of Information and Civic Orientation.
    Prince Oyebamiji, who also received Akinreti and his entourage in his office, pleaded for more media support for  Governor Oyetola and his government  who, he said, was working his fingers to the bones to fulfill his electoral promises to the people of Osun.
  • Tears as Fire Razes Over 400 Shops in Anambra Market

    Tears as Fire Razes Over 400 Shops in Anambra Market

    An ocean of tears and anguish flowed freely in Anambra State on Saturday as fire razed over four hundred shops at the Old Motor Spare Parts Market, popularly called Mgbuka Obosi, in Idemili North Local Government Area of the state.

    The wailing shop owners and crowd of sympathizers could not hold back tears as they lament  over the devastating loss and destruction caused by the inferno.

    They regret , however, that  the guards should have taken proactive measures that would have cut down the extent of damage in the market.

    Although the cause of the fire has yet to be ascertained, the chairman of the market, Mr Samuel Ezeobodo, gave the report he got from the market security officials after 12 midnight.

    According to him, a leaking gas cylinder inside one of the affected shops may be the cause of the fire from where it spread to other shops.

    Ezeobodo disclosed the death of one of the market leaders, Mr Godwin Edozieuno, who died of shock upon hearing that his shop was one of those affected.

    The damage is massive and some of the affected traders bemoaned their fate, saying they have been rendered helpless.

    Amidst the tears of market men and women, one of the traders was lucky his shop was not gutted by fire despite its closeness to those razed

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