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

Under the newly enacted Electoral Act 2026, Resident Electoral Commissioners (RECs) of the Independent National Electoral Commission (INEC) now face a minimum two-year jail term if they withhold vital electoral documents or fail to comply with statutory requirements tied to the conduct of elections, lawmakers and legal experts say. The provision, part of broader reforms
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Major telecommunications operators in Nigeria say the nation’s telecom network is capable of supporting real-time electronic transmission of election results for the 2027 general elections, industry officials and experts say, even as debate continues over how results should be shared on election day. In separate comments published in a position paper and media interviews, representatives
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Victor Osimhen, the Nigerian striker for Galatasaray, is expected to travel with his team to Italy for their Champions League second‑leg match against Juventus despite concerns over a knee injury that kept him out of his club’s recent Turkish league game, sports reports say. Osimhen missed Galatasaray’s 2‑0 defeat to Konyaspor after reporting pain in
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Nineteen additional Nigerian nationals have been added to the United States government’s criminal deportation list and are now slated for removal after being convicted of serious offences in the US, new data from the U.S. Department of Homeland Security (DHS) shows. The latest update raises the total number of Nigerians facing deportation to 113, with
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A United States federal judge has sentenced 37-year-old Nigerian national Matthew Abiodun Akande to eight years in prison and ordered him to pay $1.39 million in restitution after he was convicted for his role in a massive tax fraud and cybercrime scheme, U.S. authorities say. Akande was brought before the U.S. District Court in Boston,
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The National Drug Law Enforcement Agency (NDLEA) has arrested a 35-year-old businesswoman, Rabi Muhammad, at the Seme land border after discovering she was attempting to smuggle a large quantity of illicit tramadol pills concealed in a fake pregnancy bump, the agency said in a statement on Sunday. NDLEA officers became suspicious of Muhammad’s protruding stomach
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