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

Seres has entered a partnership with BMW and Mercedes-Benz as an equal shareholder in a fast-charging joint venture in China. The collaboration will expand high-speed electric vehicle charging infrastructure through the IONCHI network, strengthening access for EV users nationwide. Seres’ EV brand, Aito, is expected to support the rollout and development of the charging network.
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Lionel Messi is facing a lawsuit filed by Miami-based promoter VID Music Group, alleging breach of contract and fraud after he failed to play in a scheduled exhibition match. The case, filed in Miami-Dade Circuit Court, also names the Argentine Football Association and sports executive Julian Marcos Kapelan. According to the complaint, VID had secured
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Emmanuel Macron and Keir Starmer are leading talks with international allies on a proposed multinational mission to secure the Strait of Hormuz after the conflict involving Iran, United States, and Israel ends. The plan, discussed among about 30 countries, aims to restore free navigation and stabilise global trade and energy routes disrupted by the blockade.
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The Federal Government of Nigeria has called on members of the Airline Operators of Nigeria to avoid raising ticket prices and suspend plans to halt operations despite rising aviation fuel costs.Minister of Aviation, Festus Keyamo, noted that Jet A1 fuel prices have jumped from ₦900 to ₦3,300 per litre, creating serious operational pressure on airlines.He
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The Industrial Training Fund (ITF) and the Cement Technology Institute of Nigeria (CTIN) have unveiled a nationwide initiative to train 100,000 artisans, targeting critical skill shortages in Nigeria’s construction sector. The programme, set to launch on April 21 in Lagos, will focus on trades such as masonry, carpentry, tiling, electrical work, plumbing, and finishing, with
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The Federal Government has inaugurated a new maritime institute at the University of Lagos to strengthen Nigeria’s blue economy and build skilled manpower for the sector. Minister of Marine and Blue Economy, Adegboyega Oyetola, commissioned the facility, describing it as a major step toward expanding capacity in maritime education, research, and innovation. The institute, funded
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