S.A Markets Battered On Monday

south africa marketThe Nigerian markets are closed for a two-day Muslim holiday, but in South Africa, the ftse-jse Africa all-share index fell as much as 1.7 percent in early trade on Monday.

The decline was led mainly by the mining index, down 3.7 percent as shares of mine giants – BHP Billiton, Anglo American and Anglo-gold fall, a Bloomberg report shows.

The South African rand nosedived 0.8 percent to 14.526 on the U.S. Dollar while the yield on benchmark government bond maturing December 2026 climbed 2 basis points to 8.78 percent.

Analysts say the South African markets are reacting to a likely funds rate hike this September by the U.S. Central bank.

Ending Insurgency: France, Nigeria Defence Ministers Sign Deal

Ending InsurgencyNigeria and France have signed a deal that would help government of both countries focus on training and procurement of equipment for its military personnel to end war against terrorism.

Speaking at the end of the Nigeria/France High Defence Committee meeting in Abuja, Nigeria’s Minister of Defense, Mansur Dan-Ali and his French counterpart, Jean Yves Le Drian said plans are also in top gear to improve on intelligence gathering.

The French government had pledged to work with the Federal Government of Nigeria towards combating the menace of terrorism.

The Director, Military Intelligence of the Republic of France, General Christophe Gomert, in 2015 declared his country’s unwavering support to Nigeria in its fight against insurgency.

General Gomert said the fight against global terrorism could be won through effective collaboration between the two countries.

The Chief of Nigeria’s Defence Intelligence, Air Vice Marshal Monday Morgan, also said that Nigeria would continue to build on the existing bilateral relationship between both countries.

France Pledges Support For Nigeria To Combat Terrorism

France Pledges Support For Nigeria To Combat TerrorismThe French government has pledged to work with the Federal Government of Nigeria towards combating the menace of terrorism.

The Director, Military Intelligence of the Republic of France, General Christophe Gomert, declared his country’s unwavering support to Nigeria on Wednesday at a meeting with Nigerian government officials in the nation’s capital city, Abuja.

General Gomert said the fight against global terrorism could be won through effective collaboration between the two countries.

The Chief of Nigeria’s Defence Intelligence, Air Vice Marshal Monday Morgan, also said that Nigeria would continue to build on the existing bilateral relationship between both countries.

This comes few weeks after attacks in Paris, which the Islamic State claimed responsibility for.

After the near-simultaneous attacks that killed about 130 people in Paris, the French President, Francois Hollande, said it was an ‘act of war’ organised by the Islamic State militant group.

Days after the Paris attack, suicide bombers carried out attacks in Yola and Kano, which President Muhammadu Buhari also condemned in strongest terms. He urged Nigerians to increase vigilance even as the military tried to end the activities of the Boko Haram in the north-east.

Military, Police To Improve Collaboration On Intelligence Gathering

monday-morgan--and-Solomon-AraseThe Nigerian military and the police force have agreed on more collaborative efforts in intelligence, especially in the face of the security challenges in the nation’s north-east.

At a meeting on Monday between the Chief of Defence Intelligence, Air Vice Marshal Monday Morgan and the Inspector General of Police, Mr Solomon Arase, the Chief of Defence Intelligence said that intelligence gathering would not make any difference if there was no collaboration among all security agencies and even the citizen.

He stressed the need for all hands to be on deck to confront the nation’s common enemy, the Boko Haram terrorist group.

Air Vice Marshal Morgan promised to support the Nigeria Police Force through an improved capacity building on intelligence gathering for Police officers with a view to enhancing National Security.

He also expressed satisfaction in the leadership and management team of the Nigeria Police

The Inspector General of Police told the Chief of Defence Intelligence that quite a good number of Police Officers had benefited from the Intelligence course offered by the Military Intelligence School.

He, however, urged the Defence Intelligence Chief to extend same opportunity to Junior Police Officers with a view to boosting the ties between the two agencies

“Collaboration would work better when officers and men in the lower ranks were properly oriented to work together,” he said.

Mr Arase sought for an avenue were a combination of officers and men of the different security agencies could be jointly trained to work together.

Security analysts have stressed the need for security agencies in Nigeria to put more efforts into intelligence gathering in the counter-terrorism operation in the north-east, if the activities of the Boko Haram sect would end.