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Renewal of Currency Swap with China, Landmark Achievement of Present Administration, Says Tegbe

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Renewal of Currency Swap with China, Landmark Achievement of Present Administration, Says Tegbe

By: Michael Mike

The Nigeria-China Strategic Partnership (NCSP) has said with the renewal of the currency swap arrangement with China valued at 15 billion yuan (about $2.2 billion), the present administration of President Bola Tinubu has secured a significant milestone in Nigeria’s economic development.

Director-General and global liaison for the Nigeria-China strategic partnership the Nigeria-China Strategic Partnership (NCSP),
Joseph Tegbe said on Sunday said this landmark deal strengthens economic ties between the two nations, facilitating bilateral trade and investment, reducing reliance on the US dollar, and mitigating financial risks.

He noted the agreement, worth NGN 3.28 trillion, is a testament to the growing relationship between Nigeria and China, with trade value hitting N7.38 trillion as of June 2024. This makes China Nigeria’s number one trading partner, and the partnership is expected to boost bilateral trade and investment, creating new opportunities for economic growth and development.

He said the currency swap agreement is a crucial step towards achieving these goals, and it signifies a deeper financial collaboration between the two central banks, enhancing financial market stability and providing businesses with more financing options and convenience, adding that by enabling direct settlement of transactions in CNY and NGN, Nigerian businesses will benefit from lower transaction costs and reduced exchange rate risks. This is a significant step towards achieving President Tinubu’s vision for a more prosperous and economically independent Nigeria, as outlined in his Renewed Hope Agenda.

He said the establishment of the Nigeria-China Strategic Partnership (NCSP) has been instrumental in fostering bilateral relations and promoting partnerships between the two nations. This development is a testament to President Tinubu’s commitment to expanding Nigeria’s foreign policy thrust. Specifically, it
underscores the importance which the President gives to the comprehensive strategic partnership with the People’s Republic of China.

He said overall, President Tinubu’s administration deserves commendation for this significant achievement, which is expected to contribute to a more prosperous and economically independent Nigeria.

Renewal of Currency Swap with China, Landmark Achievement of Present Administration, Says Tegbe

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Two Notorious Terrorist Leaders Haruna Balatoni and Black Neutralised in Plateau Military Offensive Another Fatally Wounded as Six AK-47 Rifles Returned

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Two Notorious Terrorist Leaders Haruna Balatoni and Black Neutralised in Plateau Military Offensive Another Fatally Wounded as Six AK-47 Rifles Returned

By: Zagazola Makama

Troops of the Nigerian Army have recorded major breakthroughs in ongoing offensive operations against armed criminal networks in Plateau State, neutralising two notorious terrorist leaders, critically wounding another and recovering six AK-47 rifles previously seized from security forces.

The latest developments followed sustained military offensives at Dajin Madam in Wase Local Government Area of Plateau State on November 8, 2026.

Security sources disclosed that HUMINT reports received at about 8:53 a.m. on November 9 indicated that the intensity of the military operation had resulted in the neutralisation of two suspected terrorist leaders identified as Haruna Balatoni and Black.

Another notorious figure, identified as Dogo Mai Kunkuru, was reportedly shot in the chest and left in a critical condition, with sources indicating that his chances of survival were slim.

In a significant development on November 10, the sustained military pressure reportedly compelled the terrorist network, through an intermediary identified as Ali-Kwara, to return six AK-47 rifles previously seized from security forces.

The recovered weapons are currently in military custody.
In a related operation, troops of 173 Battalion deployed at Mansur rescued a kidnapped mother and her daughter and recovered 39 cattle.

The developments represent a significant disruption of the criminal network’s leadership, weapons stockpile and capacity to sustain operations in the Wase axis.
The recovery of the six rifles is particularly important as it restores weapons previously lost to the criminal network and provides an opportunity for further intelligence exploitation.

The latest successes underscore the impact of sustained offensive pressure, intelligence-driven operations and military presence in dismantling armed groups operating across Plateau State.

The reported deaths of the terrorist leaders and the condition of Dogo Mai Kunkuru are based on preliminary HUMINT assessments and remain subject to independent military confirmation

Two Notorious Terrorist Leaders Haruna Balatoni and Black Neutralised in Plateau Military Offensive Another Fatally Wounded as Six AK-47 Rifles Returned

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Troops Dislodge Terrorists from Hideouts in Taraba, Recover Five Motorcycles

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Troops Dislodge Terrorists from Hideouts in Taraba, Recover Five Motorcycles

By: Zagazola Makama

Troops of the Nigerian Army’s 114 Battalion (Reinforcement) have dislodged suspected terrorists from their hideouts during a fighting patrol in Karim Lamido Local Government Area of Taraba State.

The operation, conducted under Operation WHIRL STROKE (OPWS), commenced at about 7:30 a.m. on November 8, 2026, with troops advancing towards Komodoro village, where they made contact with suspected terrorists.

Security sources said the criminals fled upon sighting the advancing troops, prompting the patrol team to extend its operation to Mashigin Kirya village within the same local government area.

At Mashigin Kirya, the troops encountered suspected terrorists believed to have been hibernating in the general area and engaged them, forcing the armed elements to retreat.
The troops subsequently recovered five motorcycles suspected to have been used by the criminal group for mobility and logistics.

To further disrupt the fleeing terrorists, the troops conducted a fire mission using an 81mm mortar along their withdrawal route.
The operation was ongoing as troops sustained pressure on suspected criminal hideouts and movement corridors in the area.

The development point to the military’s determination to deny armed groups safe havens and restrict their freedom of movement across Taraba State.

Troops Dislodge Terrorists from Hideouts in Taraba, Recover Five Motorcycles

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Two Fulani Herdsmen, 16 Cows Killed in Attack on Enugu Community as Joint Troops Launch Investigation

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Two Fulani Herdsmen, 16 Cows Killed in Attack on Enugu Community as Joint Troops Launch Investigation

By: Zagazola Makama

Troops of the Nigerian Army, in collaboration with the Nigeria Police and Department of State Services (DSS), have launched an investigation into an attack on Fulani herdsmen in Obelagu Umuamba community, Ezeagu Local Government Area of Enugu State, which left two herders and 16 cattle dead.

The incident came to light at about 11:00 a.m. on November 10, 2026, when a joint patrol team comprising troops of the 82 Division Garrison and 103 Battalion (Reinforcement), alongside police and DSS operatives, visited the community to assess the cause and extent of damage from the recent attack by suspected hoodlums.

On arrival, the security team discovered that two Fulani herdsmen and 16 cows had been killed, while two other persons sustained injuries.

Following the discovery, the troops convened a joint peace and security meeting involving community leaders, representatives of the Fulani herders, neighbourhood watch groups and other key stakeholders.

During the meeting, security officials cautioned all parties against taking the law into their hands, warning that reprisals could escalate tensions and further threaten peaceful coexistence.

The troops subsequently recovered the corpses and handed them over to the police for further investigation.

Meanwhile, security agencies have commenced efforts to identify and apprehend those responsible for the attack, including suspected local collaborators.

The intervention is aimed at preventing retaliatory violence, restoring confidence among residents and ensuring that those responsible are brought to justice.

Authorities have urged both farming and herding communities to remain calm, cooperate with security agencies and pursue grievances through lawful channels.

Two Fulani Herdsmen, 16 Cows Killed in Attack on Enugu Community as Joint Troops Launch Investigation

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