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

A United States federal court has sentenced Leslie Chinedu Mba, a 40-year-old Nigerian national, to 19 years (228 months) in federal prison for his role in a $4 million fraud operation that combined romance scams business email compromise and attempts to illegally obtain permanent residency through fraudulent marriages, official court records show. Mba pleaded guilty
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The Ogun State Government has approved and awarded a ₦6,118,098,154.70 contract for the construction of a new Court of Appeal complex in Abeokuta, state officials said on Friday February 27, 2026. The approval was made during a State Executive Council meeting in Abeokuta and was announced by Mr Oluwasina Ogungbade (SAN), the Attorney General and
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Paramount Skydance Corporation has reached a definitive agreement to acquire Warner Bros. Discovery (WBD) in a deal valued at approximately $110 billion, one of the largest media mergers in entertainment history, international news reports say. Under the terms of the agreement Paramount will pay $31.00 per share in cash for all outstanding Warner Bros. Discovery
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Governor Monday Okpebholo of Edo State has declared that he will resign from office if President Bola Tinubu does not win the 2027 presidential election in Edo State, political observers say. The statement, made over the weekend during an interview, has set off fresh discussion in the state’s political circles. Okpebholo said he is confident
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Kanyeyachukwu Tagbo-Okeke, a 15-year-old Nigerian Guinness World Record holder, is preparing for a symbolic bicycle ride from Enugu to Lagos to commemorate World Autism Day, organisers and local officials say. Tagbo-Okeke, who gained global recognition for setting a Guinness World Record for the largest individual canvas painting in celebration of autism awareness, was recently received
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Armed men have attacked a commercial bus in Kogi State, shot the driver and abducted several travellers, security sources and eyewitnesses say, in a fresh outbreak of violence that has raised alarm among road users in the region. The incident occurred on Thursday evening along the Ajaokuta-Lokoja road, a highway that has become notorious for
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