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

The Nigeria Police Force has transferred officers involved in the extrajudicial killing of Mene Ogidi in Effurun, Delta State, to the Attorney General of the Federation for vetting and prosecution. The action follows the ratification of their dismissal by the Police Service Commission, after disciplinary proceedings conducted by the Force Disciplinary Committee and Orderly Room
READ MORE
The Nigerian Navy has imposed a 13-hour restriction on movement along the Calabar–Oron water channel as part of intensified operations to combat piracy, smuggling, and other criminal activities in the area. The restriction, which runs from 5:00 p.m. to 6:00 a.m., is intended to strengthen surveillance and improve the military’s response to threats along the
READ MORE
The Academy of Motion Picture Arts and Sciences has introduced sweeping rule changes ahead of the 99th Academy Awards in 2027, targeting the growing influence of artificial intelligence, acting nominations, and international film eligibility. Under the new rules, actors can now receive multiple nominations within the same category if more than one of their performances
READ MORE
Somali pirates have seized an oil tanker, identified as MT Eureka, off the coast of Yemen in the Gulf of Aden, with the vessel reportedly being taken toward Somali waters, according to security officials. The incident occurred in the early hours near the port of Qana, with Yemen’s coastguard confirming the hijacking around 05:00 local
READ MORE
Nigerian fintech giant OPay is reportedly preparing for a major initial public offering in the United States, targeting a valuation of around $4 billion, according to industry reports. The company has engaged leading global investment banks—Citigroup, Deutsche Bank, and JPMorgan Chase—to advise on the planned listing, although final timing and structure are still under review.
READ MORE
The Federal Government has warned that Nigeria’s inflation rate could climb to around 20% if the current rise in global crude oil prices continues. The warning was issued in Lagos by the President’s Chief Economic Adviser, Dr. Tope Fasua, during a presentation at the Nigeria–South Africa Chamber of Commerce breakfast session. He explained that although
READ MORE