Nigeria News (Standard)
Nigerian Army Rotates Troops in North-East, Withdraws 174 Soldiers from Boko Haram Operations
Latest rotation aims to sustain morale and operational effectiveness in fight against insurgency across Borno and Yobe States
Latest rotation aims to sustain morale and operational effectiveness in fight against insurgency across Borno and Yobe States
The Nigerian Army has rotated its frontline troops battling Boko Haram insurgents in the North-East, withdrawing 174 soldiers from ongoing operations across Borno and Yobe States as at Wednesday, 17 June. The troop rotation is part of a routine exercise designed to maintain combat readiness and ensure the welfare of personnel deployed in high-risk areas.
According to military sources, the withdrawal comes as part of the Army’s policy to regularly replace soldiers who have spent extended periods in conflict zones with fresh personnel. The process, which began earlier this month, saw batches of troops being redeployed out of Operation Hadin Kai’s theatre of operations, while replacements have already taken up positions at various formations across the affected states.
This development is significant for Nigeria’s ongoing counter-insurgency efforts in the North-East geopolitical zone. The region has been under persistent threat from Boko Haram and ISWAP fighters, with thousands of civilians displaced over the years. Regular troop rotations are seen by defence analysts as crucial for maintaining morale among soldiers and reducing fatigue that can impact operational effectiveness.
Military authorities have repeatedly stated that the welfare and mental health of personnel remain a top priority. “The Army will continue to ensure regular rotation for all troops deployed in the North-East so that no soldier stays beyond approved timelines,” a senior officer familiar with the exercise said on Wednesday.
While some stakeholders have previously called for more frequent rotations given the intensity of fighting in Borno and Yobe, Army officials maintain that current procedures comply with established guidelines. There was no immediate reaction from opposition parties or civil society groups regarding this latest redeployment.
With new batches now on ground in strategic locations, security experts expect continued pressure on insurgent hideouts as the military sustains its campaign to restore peace in Nigeria’s North-East.
Nigeria News (Standard)
JustMarkets Set to Launch SpaceX Stocks CFDs Trading for Nigerian Clients
Online brokerage expands offering, targets local investors with access to SpaceX contract-for-difference products
Online brokerage expands offering, targets local investors with access to SpaceX contract-for-difference products
JustMarkets, a global online trading platform, has announced plans to introduce SpaceX stocks contract-for-difference (CFD) trading to its Nigerian client base. The development, revealed on Wednesday, will allow Nigerian investors to speculate on the price movements of SpaceX shares without owning the underlying asset.
According to JustMarkets, the new product will soon be available on its trading platform, enabling clients in Lagos and across Nigeria to gain exposure to one of the world’s most talked-about private companies. The company said the initiative is part of efforts to broaden investment options for Nigerians amid growing interest in tech-related assets.
SpaceX, founded by Elon Musk, has garnered global attention for its commercial space exploration activities and innovative satellite technologies. Although SpaceX remains a privately held company and is not listed on any major stock exchange, CFDs offer traders an opportunity to benefit from price fluctuations based on secondary market valuations and news events related to the firm.
JustMarkets stated that it will provide detailed information about margin requirements, trading hours and risk disclosures ahead of the launch date. The firm urged potential investors to familiarise themselves with the risks associated with leveraged products like CFDs before participating.
Industry analysts say the move reflects increasing demand among Nigerian retail traders for diversified portfolio options beyond traditional equities and forex. As at June 2026, online trading platforms have seen a surge in activity due to naira volatility and interest in foreign assets. JustMarkets noted that it remains committed to regulatory compliance and investor education as it rolls out new offerings.
Nigeria News (Standard)
Aviation Minister Approves Naira Payment Option for Nigeria’s Aircraft Leasing Firm
FG’s new policy aims to ease forex pressure on local airlines, support sector’s recovery from high operating costs
FG’s new policy aims to ease forex pressure on local airlines, support sector’s recovery from high operating costs
The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced that Nigeria’s proposed aircraft leasing company will allow domestic airlines to pay for leased aircraft in naira. Keyamo revealed this initiative on Wednesday, 17 June, during a media briefing in Abuja, stating that the policy is designed to reduce the burden of sourcing foreign exchange for local operators.
According to the minister, the new arrangement will make it easier for Nigerian airlines to acquire modern aircraft without the additional pressure of fluctuating exchange rates. Keyamo explained that most local carriers have struggled with high operating costs due to the need to pay lease fees in dollars amid persistent naira depreciation. “With this policy, we are creating a level playing field for Nigerian airlines and ensuring sustainability in our aviation sector,” he said.
The establishment of a national aircraft leasing company is part of government’s broader strategy to revitalise Nigeria’s aviation sector, which has faced operational challenges linked to forex scarcity and rising maintenance expenses. Industry experts say this move could help boost local capacity and improve safety standards by enabling airlines to renew their fleets more easily.
Keyamo noted that the initiative aligns with President Bola Tinubu’s economic reforms aimed at reducing reliance on foreign currency transactions across key sectors. He added that government would work closely with stakeholders to finalise modalities and ensure transparent implementation of the naira-based payment system. “We want our airlines to be competitive and profitable while maintaining global best practices,” Keyamo added.
The minister did not specify when the new leasing company would commence full operations but assured that regulatory guidelines would be released in due course. Observers believe the success of this policy could set a precedent for other sectors seeking relief from forex constraints.
Nigeria News (Standard)
Oshiomhole Accuses Akpabio’s Daughter of Securing NNPC Job Without Due Process
Former APC National Chairman raises concerns over alleged irregular recruitment at NNPC involving Senate President’s family
Former APC National Chairman raises concerns over alleged irregular recruitment at NNPC involving Senate President’s family
Senator Adams Oshiomhole has alleged that the daughter of Senate President Godswill Akpabio secured employment at the Nigerian National Petroleum Company (NNPC) Limited without following due process. The claim was made public on Wednesday, 17 June, as debate over transparency in federal appointments intensifies in Abuja.
Oshiomhole, a former Governor of Edo State and ex-National Chairman of the All Progressives Congress (APC), voiced his concerns during discussions about federal recruitment practices. He specifically referenced the appointment of Akpabio’s daughter at NNPC, questioning whether established procedures were observed in her employment.
The allegation comes amid growing scrutiny on the transparency and fairness of recruitment into top government agencies. Many Nigerians have expressed concern that such positions are often reserved for relatives of high-ranking officials, undermining merit-based selection and public confidence in government institutions.
As at press time, neither Senate President Godswill Akpabio nor NNPC management had issued an official response to Oshiomhole’s allegation. Calls for comment from both parties went unanswered. The development is likely to heighten tensions within APC ranks and raise fresh calls from civil society groups for stricter oversight of recruitment processes in strategic national agencies.
Stakeholders expect that the matter will be further discussed when the Senate reconvenes for plenary. Meanwhile, anti-corruption advocates are urging relevant authorities to investigate claims of nepotism and ensure that all federal appointments adhere to extant regulations.
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