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

The Ogun I Area Command of the Nigeria Customs Service has seized contraband goods valued at over ₦6.77 billion within 41 days, including more than 10,000 parcels of cannabis indica (“Ghana Loud”), through intensified intelligence operations and inter-agency collaboration across Ogun State. Acting Area Controller, Olukayode Afeni, disclosed that the operation led to 73 seizures,
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Médecins Sans Frontières has raised alarm over a worsening humanitarian emergency in Nigeria, citing escalating hunger, disease outbreaks and insecurity that are pushing vulnerable families — especially children — toward death and despair. In its 2025 Nigeria Country Report, the organisation described overstretched hospitals, rising severe acute malnutrition and communities trapped between poverty and conflict,
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The Rural Electrification Agency and partners have launched a $188 million financing initiative aimed at expanding distributed solar power capacity by 191 megawatts across Nigeria. Barton Heyman Limited, in partnership with the Rural Electrification Agency, UK PACT, First City Monument Bank, and ARMHIIL, will raise the funds under the Green Finance Investment Facility (GFIF) to
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Femi Fani-Kayode and Reno Omokri say returning the presidency to Northern Nigeria in 2027 would undermine national unity and break the long-standing power rotation arrangement. In a joint statement, both men endorsed Bola Ahmed Tinubu for a second term, arguing that the South should complete two full terms just like the North did under Muhammadu
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African Democratic Congress says Atiku Abubakar has completed payment for its 2027 presidential nomination form. The party confirmed a ₦90 million payment via bank draft, backed by an official receipt dated May 8, 2026. ADC described the move as part of its early preparations for the 2027 election and a sign of growing activity within
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Nigerian Army says troops under Operation HADIN KAI repelled a coordinated attack by Islamic State West Africa Province on the 27 Brigade headquarters in Buni Gari. The attack happened in the early hours of May 8, with insurgents advancing from multiple directions, including Ganinga Junction. Troops held their ground, killed about 50 attackers, and recovered
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