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

The United States has temporarily paused a $14 billion arms sale to Taiwan as the Pentagon prioritises weapons and munitions for ongoing military operations linked to the Iran conflict. US acting Navy Secretary Hung Cao said the suspension is aimed at ensuring America maintains enough military stockpiles for “Epic Fury,” the joint US-Israel operation in
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The United States has sanctioned a senior Tanzanian police official accused of overseeing the torture and sexual assault of two prominent East African human rights activists during detention last year. US Secretary of State Marco Rubio announced travel restrictions against Tanzanian police commander Faustine Jackson Mafwele, saying Washington received “credible information” linking him to serious
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The Nigerian Armed Forces have dismissed allegations that the military is attempting to undermine democratic authorities in the South-West, insisting its operations remain fully aligned with constitutional governance and national security objectives. Defence Headquarters said recent comments attributed to the military were deliberately distorted to create the false impression that security authorities were downplaying terrorist
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The PDP has denied allegations that it is preventing any aspirant from obtaining presidential nomination forms ahead of the 2027 election. The party said all eligible aspirants remain free to purchase and submit their forms before the revised deadline of May 22, while an additional screening exercise has been scheduled for May 23. PDP also
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The United States Africa Command (AFRICOM) has raised fresh alarm over the growing alliance between terrorist groups and international drug cartels operating across Africa, warning that narcotics trafficking is now helping to finance insurgency and violent extremism across the continent. Speaking before the US House Armed Services Committee, AFRICOM Commander Gen. Dagvin Anderson said terror
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The Nigerian Labour Congress has announced a June 1 crackdown on companies and institutions accused of deducting workers’ pensions without remitting them to PFAs. Lagos NLC Chairperson, Funmi Sessi, warned that both foreign and local employers exploiting Nigerian workers would face picketing, prosecution, and public exposure, insisting workers must not retire into poverty after years
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