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

A High Court in the Federal Capital Territory has ruled against Socio-Economic Rights and Accountability Project, ordering the group to pay N101 million in damages to two operatives of the Department of State Services after finding it guilty of libel. Justice Yusuf Halilu held that the publication in question falsely painted Sarah John and Gabriel
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The People’s Democratic Party in Katsina State has raised fresh concerns over worsening insecurity and a struggling education system, warning that both sectors are slipping deeper into crisis. State chairman Nura Amadi Kurfi said communities are increasingly unsafe and daily life has been disrupted, with economic activities taking a hit as fear spreads across the
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The Federal Government of Nigeria has doubled down on its promise to end bandit violence, declaring that criminal groups will no longer dictate life in Nasarawa State. Across troubled communities like Udege Kasa, Akyewa, Angwan Ogiri, Apura Adagba, and Udeni Ginda, efforts are being ramped up to reclaim stability after deadly clashes left lives lost
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Jim Ovia has officially stepped aside from the top seat at Zenith Bank, closing the chapter on a 12-year stint as chairman in line with regulatory limits. The exit wasn’t sudden—it was clockwork. The Central Bank of Nigeria rules kicked in, enforcing tenure caps designed to refresh leadership and tighten governance across the banking space.
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European officials say efforts to maintain strong US involvement in NATO are facing renewed uncertainty after Donald Trump ordered the withdrawal of about 5,000 American troops from Germany. The decision has heightened tensions between Washington and its European allies, particularly amid disagreements over the Iran conflict and defence burden-sharing within the alliance. While NATO officials
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The founding family of Samsung has completed payment of a record $8 billion inheritance tax, the largest ever recorded in South Korea. The tax bill, paid in six instalments over five years, followed the death of former chairman Lee Kun-hee in 2020. His estate—valued at roughly 26 trillion won—included company shares, real estate, and a
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