Nigeria's Dollar Bonds Falls As #EndBadGovernance Protests Turn Deadly
Photo credit: Sahara reporters
As Nigerians take to the streets to protest government policies that have pushed inflation to a nearly three-decade high, the country's economic woes have intensified.
Nigeria's sovereign-risk premium has soared to an eight-month high, while its dollar bonds have become one of the poorest-performing emerging-market assets, Bloomberg reports.
The situation is further exacerbated by the fact that 40% of the population lives in extreme poverty. The protests, sparked by the rising cost of living, have already resulted in the tragic loss of at least 13 lives on the first day alone.
(Photo credit: Google)
Kano Police Arrests 269
Photo credit: daily post
No fewer than 269 suspects have been arrested by the Kano State Police Command for looting during the Thursday's EndbadGovernance protest in the state.
This was disclosed in an update by the command in a Facebook post.
The Command said the hoodlums attacked a supermarket at the Nasarawa Quarters in the state.
Adeyanju Wants Nigerian Police Chief, Egbetokun Held Responsible For Killings, Violence During #EndBadGovernance Protests
Photo credit: Sahara reporters
Human rights lawyer, Deji Adeyanju has stated that the Inspector General of Police, Kayode Egbetokun, should be held responsible for violence during the #EndBadBovernance protest.
According to him, the government tried to sponsor fake news, attributing the violence to the protest organisers.
"What we saw were attacks by the police against unarmed protesters across Nigeria. The police opened fire on unarmed protesters without provocation, killing people in Borno and Kano, and injuring many others. This should not go unpunished." he noted.
FCT Police Teargas Peaceful Protests In Berger
Photo credit: vanguard newspaper
A detachment of fully armed men of the Nigerian Police on Friday morning forcefully dispersed a group of protesters at around the Berger bridge in Abuja.
Some passers-by and motorists who were caught off-guard could be heard accusing the police of high-handedness.
An Abuja high court had earlier granted an injunction seeking to confine protesters to the MKO Abiola National Stadium.
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