OPERATION HADIN KAI FOILS TERRORIST INFILTRATION, DISRUPTS LOGISTICS NETWORKS, ARRESTS COLLABORATORS. (PHOTOS). #PRESS RELEASE

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 OPERATION HADIN KAI FOILS TERRORIST INFILTRATION, DISRUPTS LOGISTICS NETWORKS, ARRESTS COLLABORATORS The Joint Task Force (North East) Operation HADIN KAI (OPHK) has recorded significant operational successes in its ongoing counterterrorism and counterinsurgency campaign across the North-East. Through a combination of offensive operations, intelligence-led actions, and collaboration with local security stakeholders, troops successfully foiled a terrorist infiltration attempt and disrupted terrorist logistics and support networks, further degrading the operational capabilities of insurgent groups in the Theatre. In Borno State, troops responded swiftly to the sighting of terrorists advancing toward the North East Theatre Training School, Buni Yadi, at about 9:00 a.m. on 9 June 2026. Employing coordinated and precise fire missions, the troops neutralized the threat and denied the terrorists freedom of action. Subsequent exploitation of the area led to the recovery of two terrorist c...
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NAIRA WEAKENS TO N1, 590 AGAINST THE DOLLAR IN THE PARALLEL MARKET. (PHOTO).

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 Naira weakens to N1,590 against the dollar in the parallel market.



The Naira dropped to N1,590 per dollar in the parallel market, down from N1,580 per dollar on Monday. In addition, the Naira fell to N1,582.09 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.


Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,582.09 per dollar from N1,570.99 per dollar on Monday, indicating an N11.1 depreciation for the Naira. The volume of dollars traded in the market declined by 18.2 percent to $201.43 million from $246.44 million traded on Monday.


As a result, the gap between the parallel market and NAFEM rate narrowed to N7.91 per dollar from N10.8 per dollar on Monday.


Isa Garba, a currency trader, attributed the Naira's depreciation to increased demand and low supply of the dollar.


Today, the Naira depreciated against the dollar by N10. I bought a dollar at N1580 and sold it for N1,590, compared to yesterday's rate. Today, there is less supply of dollars. The dollar was traded at N1,600 per dollar this morning and closed at N1,590.


"Due to the low supply, few traders were present in the market, adding to the demand and supply pressure."

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