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

A Federal High Court has ordered the National Welfare Secretary of the African Democratic Congress (ADC), Nkemakolam Ukandu, to pay ₦100 million in damages to the Chief Judge of the Federal High Court, Justice John Tsoho, and Justice Peter Lifu over allegations of bias. Justice Salim Ibrahim awarded ₦50 million to each judge after striking
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Rivers State Governor Siminalayi Fubara has reaffirmed his administration’s commitment to supporting the Nigerian Army, commending the Chief of Army Staff, Lt.-Gen. Waidi Shaibu, for strengthening security and improving the welfare of military personnel. Speaking during a courtesy visit by the Army Chief at the Government House in Port Harcourt, the governor congratulated Shaibu on
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The South African government has dismissed Nigeria’s request for compensation over properties abandoned by citizens fleeing recent xenophobic attacks, maintaining that legally acquired assets remain protected under the country’s laws and can be sold through the appropriate legal channels. Addressing journalists on Friday, Minister in the Presidency Khumbudzo Ntshavheni said Nigerians who legally own houses,
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Borno State Governor, Babagana Umara Zulum, has approved the release of N5.81 billion to settle outstanding gratuities owed to retired civil servants and the families of deceased workers, reaffirming his administration’s commitment to improving workers’ welfare. At a cheque presentation ceremony held at the Government House in Maiduguri, the governor announced that N5,814,830,271.94 would be
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