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

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 Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it recovered electronic equipment allegedly capable of tapping conversations and sensitive security documents from the Abuja home of former Kaduna State governor Nasir El-Rufai, according to court filings and official statements. The anti-graft agency told the High Court of Justice of the Federal Capital
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The Iraqi government has declared three days of national mourning after the reported death of Iran’s Supreme Leader Ayatollah Ali Khamenei, officials said on Sunday March 1, 2026. The announcement comes amid heightened regional tensions following military strikes by the United States and Israel that Iranian and international media report resulted in the leader’s death.
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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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Former Anambra State governor and opposition figure Peter Obi has condemned the ongoing state of insecurity in Nigeria saying it is deeply troubling that politicians are preoccupied with the 2027 elections while violence continues to devastate communities across the country, political observers report. In a recent public comment Obi said it is “profoundly disturbing” that
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Chief Olabode George, a senior figure in the Peoples Democratic Party (PDP) and former Deputy National Chairman of the party, has warned the ruling All Progressives Congress (APC) that widespread hardship in Nigeria could lead to a dramatic shift in the political landscape at the 2027 general election. George made the remarks on Friday at
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