Nigerian Military Issues Urgent Alert Over Unexploded Ordnance Following US-Backed Strikes

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January 3, 2026

Reporting by BusinessDay indicates that the Defence Headquarters (DHQ) has released a high-priority warning to residents in northern Nigeria concerning the dangers of unexploded ordnance (UXO). This follows a series of successful US-supported airstrikes targeting Islamic State-linked insurgent camps in Sokoto State.

The military command noted that while the aerial bombardment successfully neutralized high-value targets, the risk of residual explosive materials remains high in the impacted zones. Local communities have been strictly advised to avoid picking up or tampering with any metallic objects or debris found near strike locations to prevent accidental detonations.

Validation of this safety crisis comes from The Punch, which reported that ‘security forces are now conducting sweep-and-clear operations’ to decontaminate affected rural farmlands. Additionally, The Cable quoted a military spokesperson who emphasized that ‘civilians must not pick up such materials’ and should instead report sightings to the nearest security outpost.

Echotitbits take: While the airstrikes provide a much-needed boost to national security, the humanitarian risk posed by UXOs could alienate local populations. The government needs to prioritize rapid decontamination of these areas to ensure that farmers can return to their fields without fear of stepping on explosives.

Source: Reuters — https://www.reuters.com/world/africa/nigeria-urges-civilians-avoid-debris-us-backed-strikes-islamists-2026-01-02/
Reuters January 3, 2026

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Destiny Etiko Reflects on 2025 Wins While Teasing ‘Bigger Deals’ for 2026

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B.O.B Echoload

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January 3, 2026

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In an update published by Vanguard, Nollywood superstar Destiny Etiko has expressed her gratitude for a successful 2025, which saw her dominate both the box office and digital streaming platforms. The actress hinted at major international collaborations and production deals already signed for the 2026 calendar year.

Etiko’s rise coincides with the broader growth of the Nigerian entertainment industry, which has become a significant contributor to the nation’s non-oil GDP. Her message to fans emphasized resilience and the importance of professional evolution in an increasingly competitive global market.

The Guardian noted that entertainment spaces like Lakowe Lakes are ‘quietly challenging how people connect,’ reflecting the lifestyle boom Etiko represents. Additionally, BusinessDay highlighted that ‘growing sports and entertainment events are shaping youth and the economy,’ marking personalities like Etiko as key economic influencers.

Echotitbits take: Etiko has successfully transitioned from ‘YouTube Queen’ to a legitimate corporate brand. Her 2026 strategy likely involves behind-the-camera roles, following the path of Funke Akindele and Mo Abudu in building media empires rather than just acting.

Source: Facebook — https://web.facebook.com/100070183201863/posts/actress-destiny-etiko-sealed-the-year-2025-with-heartfelt-gratitude-message-as-s/1179369201079176/?_rdc=1&_rdr#
Facebook January 3, 2026

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Kidnappers Demand N450 Million Ransom for Abducted Kwara Monarch

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B.O.B Echoload

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January 3, 2026

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According to The Guardian, kidnappers who abducted the Oniwo of Aafin, Oba Simeon Olaonipekun, along with his son and other villagers, have demanded a ransom of N450 million. the traditional ruler was taken from his community in Kwara State during a late-night raid that has left the local population in a state of panic.

The abduction highlights the persistent ‘Kidnap Terror’ that has returned to parts of the North-Central and North-West regions. Security forces have reportedly been deployed to the area, but no rescue has been affected as of Saturday morning.

Vanguard described the situation in its special report, noting that ‘from Abuja to North, communities live in fear again’ as abduction cases spike in the new year. The Cable also tracked the incident, adding that the Kwara State government is currently in emergency talks with traditional rulers to bolster local vigilante groups.

Echotitbits take: Targeting traditional rulers is a deliberate tactic to break community morale. The high ransom demand suggests that kidnapping has remained a ‘profitable’ enterprise despite the government’s efforts to track financial flows through the NIN-SIM linkage.

Source: The Guardian — https://guardian.ng/news/nigeria/metro/kidnappers-demand-n450m-to-release-kwara-monarch-son-others/

The Guardian January 3, 2026

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Tragedy in Lagos as Fire Claims Eight Lives at Great Nigeria Insurance Building

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B.O.B Echoload

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January 3, 2026

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Reporting by The Cable confirms that eight people lost their lives in a devastating fire that gutted the Great Nigeria Insurance (GNI) building in Lagos. Governor Babajide Sanwo-Olu, who visited the scene, confirmed the fatalities and stated that thirteen survivors are currently receiving medical attention.

The Governor has ordered the immediate demolition of the burnt-out structure to prevent a secondary collapse. The incident has once again raised questions about fire safety protocols in the high-rise buildings of the Lagos Central Business District, particularly during the dry Harmattan season.

BusinessDay reported that ‘Sanwo-Olu confirms 8 fatalities, 13 survivors,’ while Premium Times noted that the death toll rose after several victims succumbed to their injuries in the hospital. The state government has pledged to conduct a forensic audit of all high-rise buildings in the vicinity.

Echotitbits take: This is a grim reminder of the infrastructure decay in Lagos Island. Beyond condolences, the state must enforce the 2025 Building Safety Code strictly; otherwise, these ‘preventable’ tragedies will continue to haunt the city’s skyline.

Source: Premium Times — https://www.premiumtimesng.com/news/top-news/847230-sanwo-olu-orders-demolition-of-burnt-out-gni-building-as-fire-death-toll-rises-to-eight.html
Premium Times January 3, 2026

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Otedola Applauds FirstBank’s N500 Billion Capital Milestone

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B.O.B Echoload

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January 3, 2026

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Figures cited by Premium Times show that FirstBank of Nigeria has successfully completed its N500 billion capital raise, a move lauded by billionaire investor Femi Otedola. Otedola praised both President Tinubu and CBN Governor Yemi Cardoso for creating the regulatory environment that allowed for such a massive capital injection.

The capital raise is part of the CBN’s mandate for commercial banks to strengthen their balance sheets to support a 1 trillion economy. FirstBank’s success is seen as a bellwether for the rest of the banking sector, many of whom are still in the middle of their own rights issues or public offers.

The Nation added that the ‘economy will profit from financial sector reforms,’ noting that stronger banks will be better positioned to lend to the real sector. BusinessDay also listed this as one of the ’25 deals that shaped Nigeria’s corporate environment,’ marking it as a defining moment for 100-year-old institution.

Echotitbits take: FirstBank reaching this goal ahead of schedule is a massive liquidity boost for the Nigerian stock exchange. Expect Otedola to continue pushing for a ‘N1 trillion capital base’ as the new gold standard for Tier-1 banks in Nigeria.

Source: Premium Times — https://www.premiumtimesng.com/business/business-news/847084-otedola-urges-cbn-to-raise-banks-capital-to-%E2%82%A61-trillion-as-firstbank-meets-%E2%82%A6500bn-requirement.html
Premium Times January 2, 2026

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Canada Intensifies Deportation of Nigerian Migrants in New Policy Crackdown

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B.O.B Echoload

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January 3, 2026

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According to BusinessDay, the Canadian government has deported 366 Nigerians as part of a broader crackdown on immigration, with nearly 1,000 more facing imminent removal. The surge in deportations follows Canada’s decision to end various open work permit programs that many Nigerians had utilized.

The move has sent shockwaves through the Nigerian diaspora community, many of whom moved to North America during the ‘Japa’ wave of 2023–2025. The policy change reflects a tightening of borders in Western nations as they grapple with housing shortages and shifting economic priorities.

Validation of this trend comes from The Guardian, which reported that ‘Canada’s plan to end open work permits raises fresh concerns for Nigerian migrants.’ Additionally, Vanguard noted that the ‘year 2025 was the year Nigerian students pivoted to Schengen countries,’ suggesting that migrants are already looking for alternatives to the North American route.

Echotitbits take: This is a wake-up call for the ‘Japa’ generation. With Canada closing its doors, we expect a shift in migration patterns toward Eastern Europe or a ‘reverse-brain drain’ where skilled Nigerians return home to leverage the improving 2026 domestic economy.

Source: BusinessDay — https://www.google.com/amp/s/businessday.ng/news/article/canada-deports-366-nigerians-as-974-face-removal-in-crackdown/%3famp
BusinessDay January 3, 2026

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Rivers State Council Proposes N1.8 Trillion Budget Amidst Continued Political Tension

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B.O.B Echoload

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January 3, 2026

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Reporting by Daily Post indicates that the Rivers State Executive Council has approved a N1.8 trillion budget proposal for the 2026 fiscal year. The budget is intended to facilitate the completion of major infrastructure projects and advance social development across the state’s 23 local government areas.

The announcement comes at a time of heightened political friction between Governor Siminalayi Fubara and his predecessor, Nyesom Wike. Despite the administrative progress, the political environment remains volatile, with both sides trading accusations regarding the leadership of the state.

Premium Times reported on the ‘sounds of war’ following recent threats, highlighting that the political divide is affecting governance. Meanwhile, The Cable quoted former Governor Orji Kalu, who stated that ‘Governors, not Tinubu, are responsible for tackling insecurity,’ placing the onus of regional stability back on state leadership.

Echotitbits take: Rivers State’s massive budget reflects its status as an economic powerhouse, but political instability could deter the very investors the state needs. Watch for whether the House of Assembly, currently split by loyalty, provides a smooth passage for this appropriation bill.

Source: The Punch — https://punchng.com/rivers-executive-council-approves-n1-8tn-2026-budget/
The Punch January 3, 2026

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New Federal Tax Laws Take Effect With Mandatory Electronic Receipting System

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B.O.B Echoload

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January 3, 2026

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In an update published by AllAfrica, the Federal Government of Nigeria officially commenced the implementation of new tax laws on January 1, 2026. A central feature of this reform is the rollout of a ‘Revenue Optimization Platform’ which makes electronic receipts the only legal proof of payment for federal services.

The policy aims to eliminate cash leakages and ensure that all royalties, tariffs, and fees are remitted directly to the Treasury Single Account (TSA). This move is part of the broader 2026 Economic Growth Agenda which focuses on deepening domestic value creation and fiscal transparency.

Vanguard highlighted the urgency of these reforms, noting that ‘revenue without trust is not reform’ and emphasizing the need for public accountability. Additionally, The Guardian reported that the Ministry of Finance is moving to ‘take over CBN development finance functions’ to better align fiscal policy with tax collection goals.

Echotitbits take: Digitalizing the tax trail is a massive step toward curbing corruption in MDAs. The real test will be the ‘visibility’ the Ministry of Finance gains over daily collections and whether this leads to a tangible reduction in the budget deficit.

Source: The Guardian — https://guardian.ng/news/new-tax-laws-to-take-effect-jan-1-as-scheduled-presidency/
The Guardian January 3, 2026

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Northern Communities Face Retaliatory Surge Following U.S. Strikes on Terrorist Cells

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B.O.B Echoload

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January 3, 2026

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Reporting by BusinessDay indicates a sharp rise in attacks across northern Nigeria following recent United States-backed airstrikes targeting Islamic State-linked militants in Sokoto State. Between late December 2025 and the first days of 2026, at least 47 deaths and 35 abductions have been documented.

The violence has spread across Adamawa, Zamfara, and Kebbi states, with local leaders reporting nighttime raids on vulnerable villages. Despite the tactical success of the airstrikes, the immediate aftermath has seen bandit groups and Boko Haram remnants intensify their operations against civilian targets.

The Cable confirmed these developments, reporting that ‘attacks intensify across northern Nigeria after U.S. strikes’ as insurgents regroup. In response, the Defence Headquarters issued a warning to civilians, stating: ‘We do not expect civilians to pick up or keep such materials,’ referring to unexploded ordnance found at strike sites.

Echotitbits take: While international military support provides a technological edge, it often triggers ‘asymmetric’ retaliation. The Nigerian military must pivot from strike-based operations to ground-level community protection to prevent these ‘revenge’ cycles from displacing more thousands.

Source: Chosun — https://www.chosun.com/english/world-en/2025/12/27/PNB7UGLHP5AQVEOKNB6ZTUFITE/
Chosun January 3, 2026

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CBN Forecasts 4.49% GDP Growth for 2026 Amid Lower Inflation Targets

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B.O.B Echoload

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January 3, 2026

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According to The Nation, the Central Bank of Nigeria has projected an optimistic economic outlook for 2026, forecasting a 4.49% growth in Gross Domestic Product. The apex bank also anticipates that inflation will ease significantly, aiming for an average of 12.94% by the end of the year.

The projections are based on the expected stabilization of the foreign exchange market and an increase in domestic oil production. The CBN believes that the ‘painful but necessary’ reforms of the past two years are finally yielding a foundation for sustainable non-oil sector expansion.

This optimism is shared by the World Bank, which recently gave a ‘positive verdict on Nigeria’s economic growth trajectory,’ citing three years of unbroken growth. Furthermore, The Guardian reported that AI integration in the financial sector will ‘revolutionize risk pricing and personalized liquidity management,’ further supporting the CBN’s modernization goals.

Echotitbits take: Achieving sub-13% inflation from the highs of 2024–2025 is an ambitious target. Watch for the CBN to maintain high interest rates well into mid-2026 to ensure this disinflationary trend isn’t disrupted by election-cycle spending or supply shocks.

Source: The Guardian — https://guardian.ng/business-services/cbn-projects-4-49-growth-lower-inflation-in-2026-outlook/
The Guardian January 3, 2026

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