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

President Bola Ahmed Tinubu has reappointed Dr Ahmed Abubakar Audi as the Commandant-General of the Nigeria Security and Civil Defence Corps (NSCDC) for a new five-year term, the State House announced in a statement on Friday February 28, 2026. Dr Audi’s reappointment took effect from Friday February 27, 2026, immediately following the end of his
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The Federal Government of Nigeria has issued an urgent safety advisory to Nigerian citizens living in the Islamic Republic of Iran and neighbouring Gulf countries amid the escalating military situation in the Middle East, multiple news outlets report. In a press release on Saturday February 28, 2026, the Ministry of Foreign Affairs said it is
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Nigerian crude oil is expected to rise to around $80 per barrel as the ongoing military actions involving the United States Israel and Iran stoke fears of supply disruptions in global energy markets, analysts and industry watchers say. Market data show that Nigerian Bonny Light crude was trading near $73 per barrel on Saturday February
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The African Union Commission has expressed deep concern over reported military strikes by the United States and Israel against targets in the Islamic Republic of Iran, warning that the escalation could worsen instability in the Middle East and have wide-ranging global consequences, according to a statement issued from the AU headquarters on Saturday February 28,
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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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The Federation of International Football Associations (FIFA) has still not publicly announced its verdict on the eligibility dispute between Nigeria and the Democratic Republic of Congo (DR Congo) involving the 2026 FIFA World Cup qualification playoff match, leaving Nigerian fans and the Nigeria Football Federation (NFF) in limbo, sports news sources report. Nigeria filed a
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