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

The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to discontinue the long-standing practice of placing civil servants on automatic three-month pre-retirement leave, clarifying that such a provision does not exist in the Public Service Rules. The directive, issued by the Head of the Civil Service of the Federation, Didi Walson-Jack, states that
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Political economist and National Democratic Congress (NDC) chieftain, Prof. Pat Utomi, has disclosed that the party is developing an independent election result transmission system ahead of the 2027 general elections. According to Utomi, the platform will enable polling unit results from across the country to be transmitted and monitored in real time, with access available
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Global investment giant Blackstone has raised a record $13.1 billion for its latest Asia-focused private equity fund, marking the largest fundraising exercise for an Asia-dedicated fund in the firm’s history. The fund, Blackstone Capital Partners Asia III, exceeded its original target of $10 billion and more than doubled the size of its predecessor, highlighting strong
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The United States government is set to significantly reduce the number of its embassies and consulates across Africa authorised to process visa applications, a move that could have major implications for prospective travellers from several African countries, including Nigeria. According to an internal memorandum cited by the Associated Press, the number of visa-processing diplomatic missions
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