50 Years after January 15 1966 coup: When soldiers Touched the Tail of the Tiger

The military exercise was codenamed Exercise Damisa, a word drawn from the Hausa word for tiger, the largest animal in the cat family. The leader of the operation in the north was Major Chukwuma Kaduna Nzeogwu whose middle name means crocodile, the aquatic foe of many tigers.

Remarkably, when Exercise Damisa fully unfolded into its real intentions in the wee hours of January 15, 1966, it left in its trail the flow of blood that can be imagined when a hungry crocodile grasps the tail of the tiger.

Hungry crocodile

Major C.K Nzeogwu…”One of the three commanders nominated for the execution of the plan”

Exercise Damisa was the cover in  the North for the first military coup staged in Nigeria. While the coup in the north with epicentre in Kaduna was largely successful despite the aversions of one Lt. Col.  Chukwuemeka Ojukwu who held sway as commanding officer of the brigade in Kano, the operation failed in the rest of the country.

The instigators were ideologically minded army officers who were fuelled by a revolutionary zeal to upturn what they saw as the social and political malaise in the land.

Foreshadowing the January 15, 1966 coup were crises in some sections of the country, particularly in the Southwest and the Middle-Belt sections of the country.

Federal Internal Revenue Service (FIRS) Generates N1.85trn in 6months

Insecurity, policy somersault, business uncertainty, contradictory legislation, undue political interference, among others, have been attributed as factors militating against revenue generation in the non-oil sector of the Nigerian economy.

Presidential Campaign Appearance in Lowa, Hillary Clinton outlines 'Four big Fights'

MONTICELLO, Iowa — Hillary Clinton outlined the broad themes of her White House bid Tuesday in a community college auto shop — positioning herself as a fighter for families and working Americans.

“It’s fair to say that as you look across the country the deck is still stacked in favor of those already at the top,” she told a half-dozen local students and teachers at her first campaign appearance, a carefully staged roundtable.

Fixed instruments, investors re-price Nigeria’s socio-political stability

The prevailing peaceful atmosphere after the presidential election is already yielding economic dividend as the naira displayed strong character against the dollar, occasioning a drop in the yields on fixed income instruments.

Despite initial anxiety about Nigeria’s political climate, early concession of defeat by outgoing President Goodluck Jonathan and the largely peaceful conduct of the elections appear to have diminished risks to investing in Nigerian assets. 

The appreciation of the nation’s currency among others, portend that investors may have re-priced the socio-political stability faster than current fundamentals suggest, according to analysts.