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Jihadis from Africa’s Sahel have crossed into Nigeria’s north, a new report says. A lot is at stake

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Jihadis from Africa’s Sahel have crossed into Nigeria’s north, a new report says. A lot is at stake
News

News

Jihadis from Africa’s Sahel have crossed into Nigeria’s north, a new report says. A lot is at stake

2024-06-20 06:55 Last Updated At:07:00

ABUJA, Nigeria (AP) — Jihadi fighters who had long operated in Africa’s volatile Sahel region have settled in northwestern Nigeria after crossing from neighboring Benin, a report said Wednesday, the latest trend in the militants' movements to wealthier West African coastal nations.

The extremists believed to be linked to al-Qaida have in the last year crossed over from Benin’s hard-hit northern region and settled in Kainji Lake National Park, one of Nigeria’s largest, where other armed groups have also gained access, according to the report by the Clingendael Institute think tank, which has done extensive research in the Sahel.

Residents close to the park told The Associated Press that the facility, which holds one of West Africa’s fast-declining lion populations, has been closed for more than a year because of security threats from armed groups attacking neighboring villages and roads.

“Before, it was like a tourism center (but) now, people find it difficult to pass through there,” said John Yerima, who lives near the park in New Bussa town. “You cannot enter that road (leading to the park) now. It is dangerous, seriously.”

The security situation at the 5,300-square kilometer (2,000-square mile) park in Niger state and along the nearby border with Benin is “getting out of hand” and is “a much more explosive situation than we had anticipated,” said Kars de Bruijne, one of the authors of the report and a senior research fellow at the institute.

The “sustained presence” of the armed groups in the park is the first sign of a connection between Nigeria's homegrown extremists that have launched a decadelong insurgency in its northern region, and al-Qaida-linked militants from the Sahel, the vast arid expanse south of the Sahara Desert, Bruijne said.

Their presence offers an opportunity for the extremists to claim large-scale success in both countries, already wracked by deadly attacks in recent years, he added.

Known as a global hot spot for violent extremism, the Sahel region’s worsening security crisis comes as military coups are toppling democratic governments. As the military governments struggle to contain the violence, they are increasingly severing security with traditional partners France and the United States and turning to Russia for support.

In northwest Nigeria, security analysts have in the past warned that the region’s remote territories, where the government is largely absent but have rich mineral resources and high poverty levels, present an opportunity for expansion for jihadi groups that had operated mainly in the Sahel, as well as the Islamic State group, whose fighters hold sway in the Lake Chad basin.

“A link between Lake Chad and the Sahel is a major opportunity for al-Qaida and the Islamic State to boast about their profiles as leaders of global jihad,” the report said.

There are also concerns from conservationists that the presence of armed groups in the park could further threaten the remaining lions whose populations have declined as a result of poaching and climate change. They say the park and most protected wildlife areas in Nigeria are poorly patrolled, making them easy targets for armed groups.

“The security situation has become top of the list when it comes to the concerns about the lion populations in Nigeria,” said Stella Egbe, senior conservation manager at the Nigerian Conservation Foundation.

The Nigerian military often conducts aerial bombardments and deploys its personnel in criminal hideouts in the conflict-battered northern region. However, security forces — fatigued by the decadelong war in the northeast — are still outnumbered and outgunned in those remote villages, and the root causes of the conflict such as poverty remain.

The Clingendael report said it is unclear what the motive of the Sahel extremists in the park is and what their relationship with other armed groups there will be. Security analysts say it offers opportunities for logistics and more influence amid booming illegal trade across the porous border.

“The Sahelian jihadis potentially can try to use northwestern Nigeria as a place for fundraising, for logistics and to try to influence the jihadi groups there as part of their own competition," said James Barnett, a fellow at the Hudson Institute whose works in northwestern Nigeria were cited in the report.

Across many villages in Nigeria's northwest, banditry — not jihadi fighters — remains the major security threat, Barnett said.

The bandits have on a few occasions in the past collaborated with jihadi fighters as two separate groups in carrying out attacks. But even in rare collaborations, he said, there can be “very deadly consequences.”

Rangers patrol at the Kainji Lake National Park in Nigeria's Niger State, February 2023. Jihadi fighters who had long operated in Africa's volatile Sahel region have settled in northwestern Nigeria after crossing from neighboring Benin, a new report said Wednesday, June 19, 2024, the latest trend in the militants' movements to wealthier West African coastal nations. (Nigerian Conservation Foundation via AP)

Rangers patrol at the Kainji Lake National Park in Nigeria's Niger State, February 2023. Jihadi fighters who had long operated in Africa's volatile Sahel region have settled in northwestern Nigeria after crossing from neighboring Benin, a new report said Wednesday, June 19, 2024, the latest trend in the militants' movements to wealthier West African coastal nations. (Nigerian Conservation Foundation via AP)

Rangers patrol at the Kainji Lake National Park in Nigeria's Niger State, February 2023. Jihadi fighters who had long operated in Africa's volatile Sahel region have settled in northwestern Nigeria after crossing from neighboring Benin, a new report said Wednesday, June 19, 2024, the latest trend in the militants' movements to wealthier West African coastal nations. (Nigerian Conservation Foundation via AP)

Rangers patrol at the Kainji Lake National Park in Nigeria's Niger State, February 2023. Jihadi fighters who had long operated in Africa's volatile Sahel region have settled in northwestern Nigeria after crossing from neighboring Benin, a new report said Wednesday, June 19, 2024, the latest trend in the militants' movements to wealthier West African coastal nations. (Nigerian Conservation Foundation via AP)

FILE - A police officer and a soldier from Benin stop a motorcyclist at a checkpoint outside Porga, Benin, March 26, 2022. Jihadi fighters who had long operated in Africa’s volatile Sahel region have settled in northwestern Nigeria after crossing from neighboring Benin, a new report said Wednesday, June 19, 2024, the latest trend in the militants' movements to wealthier West African coastal nations. (AP Photo/ Marco Simoncelli, File)

FILE - A police officer and a soldier from Benin stop a motorcyclist at a checkpoint outside Porga, Benin, March 26, 2022. Jihadi fighters who had long operated in Africa’s volatile Sahel region have settled in northwestern Nigeria after crossing from neighboring Benin, a new report said Wednesday, June 19, 2024, the latest trend in the militants' movements to wealthier West African coastal nations. (AP Photo/ Marco Simoncelli, File)

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Stock market today: Wall Street barely budges ahead of inflation report

2024-06-28 00:49 Last Updated At:00:50

NEW YORK (AP) — Stocks barely budged on Wall Street Thursday as markets wait for a key report on inflation.

The S&P 500 was mostly unchanged and stocks in the benchmark index were roughly split between gainers and losers. The index is hovering near the all-time high it set last week.

The Nasdaq rose 0.3% and is just below its all-time high. The Dow Jones Industrial Average rose 87 points, or 0.2%, as of 12:34 p.m. Eastern.

Walgreens Boosts Alliance plunged 25.3% for the biggest drop in the S&P 500. It reported results that fell shy of forecasts and cut its outlook. The company said it could close hundreds more stores in the next three years.

Jeans maker Levi Strauss plunged 16.5% after its latest quarterly revenue results fell short of analysts' expectations, along with its current earnings forecast for the year.

Spice maker McCormick rose 4.1% for one of the biggest gains in the market after beating analysts’ earnings forecasts.

Treasury yields fell in the bond market. The yield on the 10-year Treasury slipped to 4.29% from 4.33% late Wednesday. The yield on the two-year Treasury fell to 4.72% from 4.75%.

An update from the government said the American economy expanded at a 1.4% annual pace from January through March. The figure is a slight revision from a prior estimate of 1.3%. It marks the slowest quarterly growth since spring 2022.

The report also backed data from previous economic reports that show consumers are getting squeezed by persistent inflation and high interest rates. Consumer spending, which has been fueling economic growth, grew at just a 1.5% rate, down from an initial estimate of 2%, according to the report.

The main upshot from the report is that "the economy remained resilient in the first quarter but that private sector demand growth was cooling led by more consumer prudence," said Gregory Daco, EY chief economist, in a note.

The slowdown in consumer spending could help further ease inflation, but too much of a slowdown could result in a more painful hit to the economy. The Federal Reserve is trying to time its efforts tame inflation back to its 2% target without slowing the economy so much that it slips into a recession.

The stock market has been listless throughout the week ahead of the next influential inflation report on Friday. The government will release its latest personal consumption expenditures index, or PCE. It is the Fed’s preferred measure of inflation.

Economists expect the the report to show a modest easing of inflation to 2.6% in May, following a 2.7% reading in April. That's down from the PCE's peak of 7.1% in the middle of 2022. Other measures of inflation, including the consumer price index, have also eased significantly over the last two years.

The latest updates on inflation could influence the central bank’s decision on when to begin cutting interest rates, which remain at their highest level in more than 20 years and which are having an impact worldwide. Wall Street is betting that the central bank will start cutting interest rates at its September meeting.

FILE - An entrance to the New York Stock Exchange is shown on June 26, 2024, in New York. Shares have fallen in most world markets on Thursday, June 27, 2024, ahead of a key U.S. inflation report due Friday. (AP Photo/Peter Morgan, File)

FILE - An entrance to the New York Stock Exchange is shown on June 26, 2024, in New York. Shares have fallen in most world markets on Thursday, June 27, 2024, ahead of a key U.S. inflation report due Friday. (AP Photo/Peter Morgan, File)

A passerby looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, June 27, 2024 in Tokyo. (AP Photo/Shuji Kajiyama)

A passerby looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, June 27, 2024 in Tokyo. (AP Photo/Shuji Kajiyama)

A person walks past an electronic stock board showing the exchange rate of U.S. dollar and Japanese yen at a securities firm Thursday, June 27, 2024 in Tokyo. (AP Photo/Shuji Kajiyama)

A person walks past an electronic stock board showing the exchange rate of U.S. dollar and Japanese yen at a securities firm Thursday, June 27, 2024 in Tokyo. (AP Photo/Shuji Kajiyama)

A person walks past at an electronic stock board showing Japan's stock prices at a securities firm Thursday, June 27, 2024 in Tokyo. (AP Photo/Shuji Kajiyama)

A person walks past at an electronic stock board showing Japan's stock prices at a securities firm Thursday, June 27, 2024 in Tokyo. (AP Photo/Shuji Kajiyama)

A person walks past at an electronic stock board showing financial indexes including Japan's Nikkei 225 index, green, at a securities firm Thursday, June 27, 2024 in Tokyo. (AP Photo/Shuji Kajiyama)

A person walks past at an electronic stock board showing financial indexes including Japan's Nikkei 225 index, green, at a securities firm Thursday, June 27, 2024 in Tokyo. (AP Photo/Shuji Kajiyama)

Workers wait to cross a street in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, June 27, 2024 in Tokyo. (AP Photo/Shuji Kajiyama)

Workers wait to cross a street in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, June 27, 2024 in Tokyo. (AP Photo/Shuji Kajiyama)

The Fearless Girl statue stands in front of the New York Stock Exchange on Wednesday, June 26, 2024 in New York. Shares have advanced in Europe and Asia after a rebound for Nvidia offset weakness on Wall Street. (AP Photo/Peter Morgan)

The Fearless Girl statue stands in front of the New York Stock Exchange on Wednesday, June 26, 2024 in New York. Shares have advanced in Europe and Asia after a rebound for Nvidia offset weakness on Wall Street. (AP Photo/Peter Morgan)

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