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

Akure NigSuspected gunmen have abducted two residents and injured another during a violent attack in a farming community in Ondo State, sources within the community and local authorities say. The incident has sparked fear and heightened security concern among residents of the affected area. The attack occurred late Sunday evening in Ifon‑Odigbo, a community in
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Dangote Petroleum Refinery has restarted the sale of Premium Motor Spirit (PMS), commonly known as petrol, to major marketers and approved depot owners under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), energy sector sources say. The refinery’s return to selling petrol follows a controlled distribution model designed
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Mexico City Mexico – calls to cancel or relocate the 2026 FIFA World Cup matches scheduled in Mexico have been circulating on social media after violent clashes erupted in parts of Mexico following the killing of a top cartel leader, though there is no official confirmation from FIFA or Mexican authorities that matches will be
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A group of suspected bandits operating in parts of Kebbi South has issued a N100 million threat to the Utouno community in Ngaski Local Government Area, warning that they will launch an attack if their demand is not met, residents and local officials report. The threat was communicated to community leaders in a letter reportedly
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President Bola Ahmed Tinubu has approved a reduction in the power generation companies’ (GenCos) verified debt claim from about N6 trillion to N2.8 trillion, directing that the Federal Government will only pay the audited amount as its liability for outstanding sector obligations, officials say. The announcement follows months of negotiations and a tripartite audit involving
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Abuja Nigeria – The Minister of the Federal Capital Territory (FCT), Nyesom Wike, says the recently concluded Area Council elections in the FCT revealed the “hypocrisy” of some political actors who use corn and groundnuts from roadside sellers as campaign gimmicks to mislead voters, officials and media outlets report. In a special broadcast on Sunday
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