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

Nigeria’s crude oil production rose by 69,000 barrels per day in March 2026, reaching 1.383 million bpd, according to the latest Monthly Oil Market Report released by OPEC. The increase marks an improvement from February’s output of 1.314 million bpd, but still leaves Nigeria below its OPEC production quota of 1.5 million bpd. Despite the
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The Chief Executive Officer of United Airlines, Scott Kirby, reportedly proposed a possible merger between United Airlines and American Airlines during a meeting with US President Donald Trump at the White House in late February, according to sources familiar with the discussion. The conversation took place on February 25 during a scheduled meeting focused on
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The Centre for the Promotion of Private Enterprise has urged the federal government to strengthen Nigeria’s domestic refining sector instead of adopting the World Bank recommendation for increased petroleum and food imports. In a statement, CPPE described the World Bank’s proposal in its recent Nigerian Development Update as unsuitable for Nigeria’s current economic needs, warning
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The Federal Government has partnered with the North Central Development Commission to boost mining development, expand mineral processing, and create jobs across the North Central region. Minister of Solid Minerals Development, Dele Alake, said the initiative aims to formalise artisanal mining by organising over 300 small-scale miners into cooperatives and integrating them into the legal
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Johnvents Group has introduced a new Environmental Charter designed to deepen sustainability across its business operations and strengthen its standing in the international cocoa market. The charter sets clear environmental priorities including efficient resource use, waste reduction, pollution control, and climate-focused action, all tied to measurable goals and implementation timelines. According to Group Managing Director
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Flutterwave has announced plans to establish its South-East hub in Anambra State as part of efforts to expand financial technology services in the region. The company’s CEO, Olugbenga Agboola, disclosed the move during a visit to Awka, stating that the initiative aims to deepen access to digital payments and support business growth. According to him,
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