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

Innoson Group, one of Nigeria’s leading indigenous manufacturing companies, currently employs about 8,000 direct workers nationwide and plans to expand its workforce further with a new tractor manufacturing plant, the company’s Chief Executive Officer Innocent Chukwuma has said. Chukwuma made the disclosure on Saturday February 21 2026 while leading the management team of the Bank
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Aliko Dangote, Africa’s richest industrialist and founder of the Dangote Group, hosted Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), at the Dangote Petroleum Refinery on Saturday for a facility tour and strategic discussions on expanding the refinery’s marine and port infrastructure, industry sources say. The meeting, held
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President Donald Trump has sharply criticised the U.S. Supreme Court after the high court struck down his sweeping global tariffs saying the justices who ruled against him are unfit to serve and suggesting without evidence that they are influenced by foreign interests and political opponents, multiple media reports say. The decision represents a major legal
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Nigeria’s naira is projected to gain in value against the US dollar in the coming days as stronger foreign exchange inflows and central bank interventions continue to tighten liquidity conditions and narrow the gap between official and parallel market rates traders and analysts say citing a Reuters report. The improved outlook reflects growing confidence in
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The Federal Government has announced plans to conduct a thorough assessment of MTN Group’s acquisition of IHS Towers to determine the implications of the deal for Nigeria’s telecommunications sector and overall digital economy. The move follows a landmark agreement in which MTN agreed to buy out the remaining stake in IHS Holding Limited in a
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The Federal Government has strengthened its drive to empower young Nigerians by launching a programme that distributes solar‑powered electric tricycles to youths and vulnerable groups as part of efforts to boost entrepreneurship and green innovation across the country. Officials from the Federal Ministry of Youth Development said the initiative aligns with national priorities to expand
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