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

Zenith Bank Plc has introduced its Visa Signature Card in partnership with Visa Inc., as part of efforts to expand its premium banking offerings for affluent and globally active customers. The card is designed to support seamless local and international transactions, while providing access to travel, lifestyle, and security benefits, including airport lounge access, travel
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Former Minister of Finance, Kemi Adeosun, has launched a new platform, Nidacity, aimed at equipping Nigerian entrepreneurs—especially young and female founders—with practical skills, mentorship, and business intelligence to build sustainable ventures. The platform, which officially went live on Tuesday, is designed as a private-sector educational media hub focused on tackling Nigeria’s high startup failure rate,
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A high-stakes meeting of the World Trade Organization in Yaoundé has ended without agreement after deep divisions among member states derailed negotiations on key global trade issues. The deadlock was triggered when Brazil opposed a proposal backed by the United States and other developed nations to extend a long-standing moratorium on customs duties for digital
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The Nigerian Exchange Limited (NGX) posted a remarkable gain of ₦29.83 trillion in the first quarter of 2026, as investor confidence, corporate earnings growth, and strong sectoral performance drove the market. Data from the NGX showed that the market capitalisation rose from ₦99.38 trillion at the start of the year to ₦129.21 trillion by March
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Petrol prices in the United States have surged past $4 per gallon for the first time in over three years, as the ongoing conflict involving Iran continues to disrupt global energy markets. Data from GasBuddy, reported by Reuters, shows the national average retail price crossed the $4 mark on Monday, driven largely by rising crude
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Dangote Refinery Cuts Petrol Price to ₦1,200 Per LitreDangote Petroleum Refinery and Petrochemicals has lowered its gantry price for premium motor spirit (petrol) to ₦1,200 per litre, marking a reduction from its previous rate. The company disclosed that its coastal price now stands at ₦1,153 per litre, a move expected to influence fuel distribution costs
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