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

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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Award-winning Nollywood actress and filmmaker Funke Akindele has said her goal in the movie industry is not to compete with others but to tell authentic Nigerian and African stories, entertainment sources report. Akindele made the remarks on Friday during an award presentation organised by the National Film and Video Censors Board (NFVCB) at its South-West
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Nigeria and the Republic of Cameroon have formally signed a Bilateral Agreement on Technical Aeronautical Search and Rescue (SAR) Operations, strengthening cooperation on aviation safety across their shared airspace, multiple reports confirm. The accord was signed on Friday February 27, 2026, in Yaoundé, the capital of Cameroon, following high-level talks between Festus Keyamo, the Minister
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The Transmission Company of Nigeria (TCN), Benin Region, has announced a scheduled outage on the Benin–Ajaokuta 330kV Transmission Line to allow ongoing restringing works at the Ihovbor Power Plant Turn-In/Turn-Out Transmission Substation, according to an official statement. The outage began on Friday February 27, 2026 and is expected to continue daily from 8:00 a.m. to
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Abia State Governor Dr Alex Otti has announced that electric buses in the state will begin charging subsidised fares in the next few days, with specific ticket prices set for key routes, local news reports say. Speaking during his monthly media chat with Abians on Friday night, Otti said the new scheme will start from
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