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 officially thrown his weight behind Lagos State Deputy Governor, Obafemi Hamzat, endorsing him as the All Progressives Congress (APC) consensus governorship candidate in the state. The endorsement was disclosed in a statement shared on Wednesday via the official X (formerly Twitter) account of presidential spokesperson Bayo Onanuga, which read:“President Tinubu
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President Bola Ahmed Tinubu has approved the removal of the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Saidu Mohammed, and has nominated Mr. Rabiu Abdullahi Umar as his successor, pending Senate confirmation. The decision was announced in a statement released on Wednesday via the official X (formerly Twitter) handle
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The Northern Security Advocacy Group (NSAG) on Wednesday convened a world press conference in Abuja to formally condemn what it called a sustained and coordinated campaign of attacks targeting the person and office of Air Vice Marshal M. Abdulraheem, the Chairman of the Military Pension Board. The press conference was addressed by the group’s Speaker,
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The African Democratic Congress has urged the Supreme Court of Nigeria to deliver an urgent judgment on its ongoing leadership dispute, warning that delays could threaten its participation in the 2027 elections. In a letter dated April 28, 2026, addressed to the Chief Justice of Nigeria, Kudirat Kekere-Ekun, the party said the appeal—heard on April
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Peter Obi has met with former President Goodluck Jonathan in Abuja as part of ongoing consultations on Nigeria’s future and the 2027 general elections. The meeting, which included South-East leaders, focused on national unity, security, economic stability, and inclusive governance. Obi said the discussions centred on repositioning Nigeria and fostering collaboration among leaders to address
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Russian President Vladimir Putin has assured Iran of Moscow’s support in efforts to restore peace in the Middle East, reaffirming strong bilateral ties during talks in St. Petersburg. Meeting with Iran’s Foreign Minister, Abbas Araghchi, Putin said Russia would act in the interest of regional stability and work toward a swift return to peace. He
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