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

The Dangote Petroleum Refinery has begun supplying aviation fuel directly to Ethiopian Airlines, marking a major milestone in Nigeria’s participation in the global jet fuel supply chain. The development, reported by BusinessInsider, confirms that the refinery is now exporting aviation fuel to one of Africa’s largest airlines, Ethiopian Airlines, at a time when global energy
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The Dangote Petroleum Refinery has begun supplying aviation fuel directly to Ethiopian Airlines, marking a major milestone in Nigeria’s participation in the global jet fuel supply chain. The development, reported by BusinessInsider, confirms that the refinery is now exporting aviation fuel to one of Africa’s largest airlines, Ethiopian Airlines, at a time when global energy
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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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Amazon has introduced a new limited-time streaming bundle through Prime Video, combining Apple TV+ and Peacock Premium Plus for $19.99 per month. The offer saves subscribers nearly $10 compared with paying for both services separately and strengthens Prime Video’s position as a central hub for bundled streaming subscriptions. The package includes Peacock Premium Plus, which
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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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