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The Naira yesterday appreciated to N1,405 per dollar from N1,410 in the parallel market on Wednesday. Likewise, the naira appreciated to N1,322.5 per dollar in the Nigerian Foreign Exchange Market, NFEM.

Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,322.5 per dollar from N1,324.5 per dollar on Wednesday, indicating N2 appreciation for the naira.

Consequently, the margin between the parallel and official markets narrowed to N82.5 per dollar from N85.5 per dollar on Wednesday.

The interbank turnover at NFEM rose by 62.2 percent to N152.04 million yesterday from N93.7 million on Wednesday.

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The convoy of the All Progressives Congress (APC) governorship candidate in Borno State, Engr. Mustapha Gubio, was reportedly ambushed by suspected Boko Haram terrorists on Thursday evening.

This development occurred along the Gubio-Kareto-Damasak highway as Gubio and his entourage were returning to Maiduguri after a thank-you visit to Damasak, a border town in northern Borno State.

Damasak is located about 190 kilometres from Maiduguri, the state capital.

According to a security source who spoke on condition of anonymity, the attackers allegedly planted landmines along the highway, with a police armoured vehicle leading the convoy triggering one of the explosives.

“We entered Damasak safely and spent about 40 minutes there. On our way back, the insurgents planted mines on the road, and the armoured vehicle that led the convoy drove over it and exploded,” the source said.

The explosion was reportedly followed by an attempted ambush as the insurgents opened an attack on the convoy.

Security operatives comprising military personnel, police officers and members of the Civilian Joint Task Force (CJTF) reportedly engaged the attackers in a gun battle, forcing them to retreat.

The source said the security team had to take defensive positions after the blast while waiting for other vehicles in the convoy to arrive.

“We had to park and take positions, waiting for the remaining vehicles in the convoy to arrive. In the course of waiting, we noticed the movement of the insurgents and swiftly engaged them,” the source added.

The combined security team reportedly succeeded in repelling the attack and preventing further damage to the main convoy.

However, the police armoured vehicle that triggered the explosive device was said to have been severely damaged in the blast.

The Gubio-Kareto-Damasak highway is considered one of the most dangerous routes in northern Borno because of the activities of insurgents and the persistent threat of Improvised Explosive Devices (IEDs) and ambushes.

The route is also strategically important to insurgents operating around the Lake Chad region, with security sources saying it provides access towards Alagarno, the Sambisa Forest and parts of Yobe State.

The latest incident has once again highlighted the security challenges confronting political activities and campaign movements in Borno State ahead of the 2027 elections.

It also brings back memories of the assassination of Modu Fannami Gubio, an ANPP governorship candidate, who was shot dead by gunmen in Maiduguri in January 2011.

Efforts to obtain an official reaction from the Borno State Police Command were unsuccessful as the Police Public Relations Officer, DSP Nahum Kenneth Daso, reportedly did not answer calls or respond to text messages sent to his phone.

The security agencies had not publicly confirmed the reported attack at the time of filing this report.

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The Emir of Gumel in Jigawa State, Alhaji Dr. Ahmed Muhammad Sani II, has died.

The monarch passed away on Thursday in Egypt.

His death has thrown the people of the Gumel Emirate and residents of Jigawa State into mourning, with tributes expected to continue to pour in from across the state and beyond.

The death of the respected traditional ruler is a significant loss to his family, associates and the entire Gumel community. Prayers have been offered for Almighty Allah to forgive his shortcomings and grant him eternal rest in Aljannatul Firdaus.

Prayers were also offered for Allah to grant his family, loved ones and the people of Gumel the strength and patience to bear the loss.

The death of the Emir represents a major loss to the Gumel Emirate, given the important role traditional institutions play in promoting peace, unity, cultural values and community development.

The Gumel Emirate is one of the historic traditional institutions in northern Nigeria, with a rich heritage and longstanding influence in the social and cultural affairs of its people.

As Emir, the late Alhaji Dr. Ahmed Muhammad Sani II, CON, served as custodian of the traditional institution and provided leadership to the people of the emirate.

His passing is expected to be deeply felt by members of the royal family, traditional title holders, community leaders and residents across the emirate.