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

Germany recorded a 0.5% rise in exports in March, outperforming expectations of a decline, with stronger demand from EU countries where shipments increased by 3.4%. At the same time, industrial output moved in the opposite direction, falling instead of rising as earlier projected, mainly due to reduced energy production and weaker performance in machinery and
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Renaissance Africa Energy Company says it plans to scale crude oil production to 500,000 barrels per day by 2030, positioning the target as both an economic and sustainability-driven goal. The company, part of a joint venture with NNPC Limited, TotalEnergies, and AENR, said the projection goes beyond volume, focusing on value for the economy, communities,
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India is repositioning its engagement with Africa, placing Nigeria at the centre of a renewed diplomatic, economic and cultural push tied to the 2026 India-Africa Forum Summit in New Delhi. India’s High Commissioner to Nigeria, Abhishek Singh, said the summit—returning after a 10-year break—will gather African leaders, ministers, investors and cultural figures as India looks
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A Federal High Court in Abuja has convicted former Minister of Power, Saleh Mamman, over a ₦33.8 billion fraud and money laundering case, ruling that public funds tied to major power projects were unlawfully diverted. Justice James Omotosho held that the Economic and Financial Crimes Commission established its case beyond reasonable doubt, with evidence showing
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Big Brother Naija is set for a new season as organisers confirm that auditions for Season 11 will begin soon. The announcement came via the show’s official X page, where a teaser hinted at the return with the message: “Biggie is calling. Are you ready to answer?” while also confirming that auditions are on the
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A fresh clash has erupted within the Peoples Democratic Party as Nyesom Wike dismissed the party’s interim leadership arrangement as fraudulent, insisting there is no leadership vacuum and that the only recognised structure remains at Wadata House in Abuja. Wike warned Nigerians against what he described as attempts to mislead party members through the creation
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