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

Nigeria may soon witness another increase in domestic flight ticket prices as the cost of aviation fuel, known as Jet A1, continues to surge across the country.Industry sources say the price of aviation fuel has climbed sharply, with reports indicating that it has now reached about ₦1,835 per litre in parts of the market. The
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued permits to six petroleum depot owners and marketers to import Premium Motor Spirit (PMS), commonly known as petrol. The move is widely seen within the industry as part of efforts by the Federal Government to maintain stability and competition in the downstream petroleum sector.
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The government of Ghana has officially opened applications for licences to cultivate and manage cannabis for industrial and medicinal purposes under a newly launched regulatory framework aimed at developing a controlled cannabis industry. The initiative is being implemented through the Narcotics Control Commission following the launch of the national cannabis licensing regime by Interior Minister
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Abuja Nigeria – The Federal Government of Nigeria has signed a $1.3 billion investment partnership with the Africa Finance Corporation (AFC) to develop a major alumina refinery and two other strategic mining projects, officials say. The deal is aimed at transforming the nation’s solid minerals sector, diversifying the economy and fostering industrialisation across key value chains.
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The Federal Airports Authority of Nigeria (FAAN) has warned that flights to and from Middle East destinations are facing disruptions following airspace closures in parts of the region triggered by military strikes involving the United States and Israel against Iran, aviation sources report. In a statement issued on Saturday February 28, 2026, FAAN said the
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Dangote Cement Plc has signed a landmark agreement worth over $1 billion with Sinoma International Engineering, a major Chinese engineering firm, for the construction of 12 new cement plants and expansion projects across Africa, multiple business news outlets report. The strategic framework agreement, sealed in Lagos on Friday, forms part of Dangote Cement’s growth strategy
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