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Boko Haram Kills 70 Soldiers In Borno …DHQ Confirms 47 Dead In Ambush
At least, 70 Nigerian soldiers were killed in an ambush on their convoy by Boko Haram terrorists in the restive Borno State, military and security sources confirmed, yesterday.
They said that the insurgents fired rocket-propelled grenades at a lorry carrying troops as it travelled near Gorgi village in Borno State, last Monday.
“It was a huge loss, at least, 70 soldiers have perished in the ambush,” one of the officers said.
“The terrorists specifically targeted a truck loaded with soldiers with RPGs and incinerated the vehicle, killing all on board,” a second officer said.
“So far, 70 bodies have been recovered but the toll is certainly more than that as rescue operation is still underway.”
Several soldiers were injured and some others taken captive by the jihadists, the two officers said.
The convoy had left regional capital Maiduguri on its way to launch an offensive on a camp belonging to jihadists affiliated to the Islamic State group in the area, a member of a government-backed militia fighting the insurgents said.
The Islamic State in West Africa Province faction split from Boko Haram insurgents in 2016 and has focused on attacking troops, raiding bases and laying ambush on military convoys.
The group has been accused of increasing attacks on civilians and taking hostages at bogus checkpoints on main roads in the region.
The decade-long conflict has killed 36,000 people and displaced 1.8 million in the North-East of Nigeria.
Fighting has also spilt over the border into neighbouring countries, prompting the formation of a regional military coalition to fight the insurgents.
Reacting to the incident, the Defence Headquarters, yesterday, gave the figure of the soldiers killed in the Monday ambush as 47, contrary to reports that 70 soldiers were killed by the Boko Haram terrorists.
The DHQ also placed the figure of wounded soldiers at 15.
Giving details of the ambush that took place at Gorgi in Allargano forest in Borno State, the Coordinator of the Defence Media Operations, Major General Enenche, said the soldiers were not killed in direct combat with the terrorists.
According to him, the terrorists ambushed the military vehicle conveying logistics and artillery which included bombs and other weapons and shot at it, resulting in an explosion that killed the soldiers and the insurgents that mounted the ambush.
Enenche said, “We are in a fluid conflict situation between March 23 to 24, troops who were on a clearance and consolidation operation which was successful were ambushed and we suffered some casualties.
“After the successful operation, the troops were heading to Buk when the Boko Haram insurgents shot at the last vehicle conveying supplies and the bombs exploded in the process killing some of the soldiers and all the insurgents that mounted the ambush”.
He added that following the ambush, fighter jets were scrambled and the fleeing insurgents that survived the explosion were neutralised.
“Accordingly, air assets, including an Intelligence Surveillance and Reconnaissance (ISR) platform and fighter jets, were immediately scrambled to provide Close Air Support to the troops. While the ISR platform provided situational awareness to the troops, the fighter jets engaged the BHTs, immobilizing a gun truck and neutralizing some of the terrorists. Some others, who attempted to beat a hasty retreat, were mopped up by the jets in follow-on attacks.
“The Armed Forces of Nigeria, in furtherance of the objective of restoring peace and security in the North-East, will continue to sustain the offensive against the enemies of our nation”.
Enenche stated further that the names and identities of the deceased soldiers were been collated, just as he said that the military sympathises with the families of the victims.
However, the Defence Headquarters has explained that the troops of ‘Operation Whirl Stroke’ deployed in Benue State have recovered a large cache of weapons from fleeing bandits in Odogoke and Odejo communities in Agatu Local Area of the state.
The Acting Director, Defence Media Operations, Brig.-Gen. Bernard Onyeuko made the disclosure in a statement, yesterday in Abuja.
Onyeuko said that the troops carried out cordon and search operation in the communities to apprehend bandits following deadly clashes in the area.
Items recovered, according to him, include one double-barrel gun, 19 locally made rifles, one pistol, four rounds of 7.62x54mm ammunition, three cartridges for pump-action rifle, among other accoutrements.
“Normalcy has returned to the communities and general security in the area remains calm. Troops have dominated the general area with fighting patrols to ensure peace and stability in the area.
“The Defence Headquarters hereby encourage the public in the general area to come up with credible information to enable the troops to be proactive,” he said.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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