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

The Federal Government has pushed back strongly against growing criticism over Nigeria’s rising debt profile, with Tanimu Yakubu defending deficit spending as a necessary economic tool rather than a sign of fiscal recklessness. In a detailed response, the Budget Office chief argued that borrowing remains a standard global practice used to stabilise economies, particularly during
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Nigeria’s police leadership has expressed deep sorrow following the killing of 17 officers during a terrorist attack in Yobe State, with Olatunji Disu describing the victims as brave personnel who died in service to the nation. The officers were participating in advanced counter-terrorism training at a military facility in Buni Yadi when gunmen launched a
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Former Nigerian leader Goodluck Jonathan has expressed renewed optimism about the country’s future, urging citizens and leaders to remain patient despite ongoing economic and security challenges. Speaking at a church gathering in Abuja, Jonathan acknowledged the nation’s struggles—from rising insecurity to social and moral decline—but maintained that Nigeria has the capacity to recover through disciplined
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A deadly explosion has claimed the lives of at least six suspected members of Islamic State West Africa Province after an improvised explosive device detonated prematurely in Marte. Security sources indicate that the incident occurred early Saturday morning in the Jubilaram area, where the group was reportedly assembling explosives. The blast is believed to have
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Nigeria’s small business sector has received a major financial lifeline as the African Development Bank approved a $200 million funding package through the Bank of Industry to expand access to long-term credit for small and medium-sized enterprises. The facility is designed to support businesses operating in key sectors such as agriculture, infrastructure, transportation, healthcare, pharmaceuticals,
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The United States Department of Justice is reportedly preparing criminal charges against former Cuban leader Raúl Castro over the 1996 downing of two aircraft operated by the exile group Brothers to the Rescue, an incident that left four people dead. US prosecutors are said to be considering filing charges against the 94-year-old in connection with
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