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Nigerian Army kills 14 terrorists in Borno state.

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The Nigerian Army has revealed that 14 Boko Haram insurgents were killed and 21 hostages were rescued in Pulka village in Gwoza Local Government Area of Borno.

Report said that the insurgents had on Tuesday, ambushed military escort at Amdaga area in Pulka and burnt one commercial vehicle as well as abducted some travellers.



Brig.-Gen. Texas Chukwu, Director of Army Public Relations, who disclosed this in a statement in Maiduguri on Friday said the terrorists were alleged to have harboured the insurgents that ambushed the civilian vehicle.

The troops have neutralised 14 Boko Haram and rescued 21 civilians, comprising six women and 11 children.

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“Troops of 192 Battalion of 26 Task Force Brigade of Operation LAFIYA DOLE, in conjunction with Civilian Joint Task Force, neutralised the insurgents on Thursday.

“Four men injured during the attack are being attended to at the military hospital,” he said.

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Business

Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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