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

The global oil market has lost over $50 billion in crude production since the war involving Iran began nearly 50 days ago, according to industry data. More than 500 million barrels of crude and condensate have been removed from the market, marking one of the largest energy supply disruptions in modern history. Abbas Araqchi confirmed
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Federal Competition and Consumer Protection Commission has dismissed reports claiming a ban on airtime borrowing and data advance services, describing them as false and misleading. The Commission clarified that no directive has been issued restricting access to these telecom services, stressing that they remain available to consumers. It explained that the confusion stems from regulatory
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Seres has entered a partnership with BMW and Mercedes-Benz as an equal shareholder in a fast-charging joint venture in China. The collaboration will expand high-speed electric vehicle charging infrastructure through the IONCHI network, strengthening access for EV users nationwide. Seres’ EV brand, Aito, is expected to support the rollout and development of the charging network.
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Lionel Messi is facing a lawsuit filed by Miami-based promoter VID Music Group, alleging breach of contract and fraud after he failed to play in a scheduled exhibition match. The case, filed in Miami-Dade Circuit Court, also names the Argentine Football Association and sports executive Julian Marcos Kapelan. According to the complaint, VID had secured
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