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

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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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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