OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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ALASKA AIRLINE,IS SET TO BUY VIRGIN AMERICAN AIRLINE.

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                Alaska Air Group Inc {ALK.N} said today monday that it would buy Virgin America Inc {VA.O} for $2.6 billion to become tthe top carrier on the U.S West Coast and compete more effectively with larger airlines.The deal appears to end what Alaska Air Chief Executive Officer Brad Tilden called a hard fought competition to purchase Virgin America.JetBlue Airways Corp {JBLU.O} had also made an offer for the offshoot of billionaire Richard Branson's London based Virgin Group,which had become famous for its mood lighting and media rich entertainment on flights.According to Deutsche Bank analyst Michael Linenberg wrote in a recent research note that,The deal would create the fifth largest U.S airline after a decade of mergers that have shrunk the industry to a handful of companies.The top four control more than 80 percent of the U.S travel market.Virgin America accounts for about 1.5 percent of U.S domestic flight capacity,while Alaska Air and its Horizon Air subsidiary account for 5 percent.Shares of Alaska Air were down 4.6 percent at $78.22 in morning trading,while Virgin America jumped 40 percent to $54.47.That was still below the $57 percent share bid,which represents a premium of about 86 percent from Virgin America's stock price before reports in March that the airline was considering a sale.More photos below.                  

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