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

A swift military response has led to the rescue of 23 kidnapped passengers after armed bandits ambushed travelers along the Ayegunle–Igun Bunu Road in Kogi State. According to the Nigerian Army, troops of the 12 Brigade launched an immediate counter-kidnapping operation after receiving an early morning distress call. Although the attackers had fled before soldiers
READ MORE
Nigeria imported refined petroleum products worth £1.1 billion from the United Kingdom in 2025, highlighting the country’s continued dependence on foreign fuel supplies even as efforts to boost local refining gather momentum. According to newly released UK trade figures, refined petroleum products remained the largest British export to Nigeria during the year, making up more
READ MORE
Public schools across Oyo State have been thrown into uncertainty as teachers commenced an indefinite strike in protest against the continued captivity of their colleagues and pupils abducted by gunmen in Oriire Local Government Area. The industrial action, announced by the Nigeria Union of Teachers (NUT), affects all public primary and secondary schools in the
READ MORE
Dangote Industries Limited has once again cemented its status as one of Africa’s most powerful corporate institutions after being named the continent’s Most Admired African Brand for an unprecedented eighth straight year. The recognition was announced during the unveiling of the 2026 Brand Africa rankings in Addis Ababa, Ethiopia, following a consumer survey spanning 30
READ MORE
The faction of the African Democratic Congress (ADC) led by Nafiu Bala Gombe has formally adopted Chief Chris Uba as its presidential candidate for the 2027 general election after concluding its nationwide primary elections. The party announced that the presidential ticket was reserved for the South as part of efforts to promote balance, inclusiveness and
READ MORE
The United States has introduced tougher export controls aimed at preventing Chinese companies from obtaining advanced artificial intelligence chips through overseas subsidiaries and third-party channels. The new directive from the US Department of Commerce clarifies that export licensing requirements apply not only to companies operating within China but also to Chinese-owned entities based abroad. The
READ MORE