Naira Hits Two-Year High: Parallel Market Drops Below ₦1,350 Following New CBN BDC Directive
- BUSINESS
- February 11, 2026

Nigeria successfully defended the Unity Cup title with an emphatic victory over Jamaica’s Reggae Boyz at The Valley in London on Saturday. Midfielder Alhassan Yusuf Abdullahi, who plays his club football in the United States, scored twice, while acting captain Terem Moffi also found the net as the Super Eagles delivered a dominant performance against
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The Central Bank of Nigeria (CBN) has disclosed that the country spent about $2.34 billion on food imports in 2025, highlighting the continued dependence on imported food items despite ongoing efforts to strengthen local agricultural production and improve food security. According to figures contained in the apex bank’s latest Quarterly Statistical Bulletin and cited by
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The Nigeria Police Force has urged Nigerians to refrain from carrying out reprisal attacks against South African nationals, businesses, diplomatic missions and other South African interests in the country following reports of xenophobic attacks targeting Nigerians in South Africa. The warning comes amid rising concerns over the reported incidents and fears that public anger could
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The Nigerian National Petroleum Company Limited (NNPC) posted a strong financial and operational performance in April 2026, with revenue rising by more than 79 per cent month-on-month to N4.971 trillion, largely driven by increased crude oil production. Data contained in the NNPC Monthly Report Summary for April 2026 showed that the national oil company generated
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The Nigeria Governors’ Forum (NGF) has called on President Bola Tinubu to consider increasing the national minimum wage from N70,000 to N100,000 in response to rising inflation, escalating living costs and growing financial pressure on Nigerian workers. The appeal was made by the Chairman of the NGF and Governor of Kwara State, AbdulRahman AbdulRazaq, during
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Oyo State Governor Seyi Makinde has officially accepted the presidential ticket of the APM for the 2027 election, pledging to steer Nigeria through practical reforms, accountable governance, and policies focused on improving citizens’ daily lives. Speaking at a gathering in Ibadan attended by party leaders, delegates, and political allies from across the country, Makinde said
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