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

The Nigeria Sovereign Investment Authority (NSIA) has reported a significant financial milestone, with its net asset value rising to $3.4 billion and total income reaching ₦478.8 billion for the 2025 financial year. According to the Managing Director/CEO, Aminu Umar-Sadiq, the latest figures represent 13 consecutive years of steady earnings and asset growth since the authority
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The World Bank has approved a $500 million credit facility to support Nigeria’s agricultural sector through a new initiative aimed at transforming smallholder farming and strengthening value chains. The funding, provided through the International Development Association (IDA), will finance the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) Project, a six-year programme designed to improve productivity,
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Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced major progress toward reviving a national shipping carrier, marking a significant step in strengthening the country’s maritime sector. Speaking at a stakeholders’ engagement and performance retreat in Lagos, Oyetola revealed that the Federal Government has secured interest from leading international maritime firms, including AD
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Chidi Anselm Odinkalu has claimed that the Nigerian presidency pressured Professor Joash Amupitan to act against the leadership of the All Progressives Congress-backed Democratic Change (ADC) party. According to Odinkalu, a pre-signed resignation letter for Amupitan—allegedly a pre-condition for his appointment—was used to compel the removal of David Mark and other ADC leaders from INEC’s
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