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

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has renewed its call for a more competitive downstream petroleum sector, urging the federal government to immediately reinstate petrol import licences as a way to stabilise prices and ensure energy security. The association said its position aligns with recent recommendations by the World Bank, which
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The Edo State Command of the National Drug Law Enforcement Agency (NDLEA) has recorded a major breakthrough in tracking suppliers of skunk cannabis in the Edo North of the state. The command said on Monday that in an intelligence led operation, its operatives intercepted two trucks laden with 7,245 kilogrammes of skunk cannabis and the
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12 years after the abduction of 276 schoolgirls from Chibok, the Murtala Muhammed Foundation (MMF) has raised fresh concerns over what it describes as waning accountability and global attention to the tragedy. In a statement marking the anniversary of the April 14, 2014 abduction by Boko Haram, the foundation disclosed that 89 of the girls
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In the intricate landscape of Nigeria’s governance and security architecture, certain leaders distinguish themselves not merely by the offices they occupy, but by the depth of their engagement, the clarity of their vision, and their commitment to national unity. The Honourable Minister of State for Defence, Dr. Bello Muhammad Matawalle, continues to exemplify this rare
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The Nigerian Air Force has launched an investigation into allegations of civilian casualties following an airstrike conducted on 11 April 2026 in the Jilli axis along the Yobe–Borno border. The Air Force said the operation, carried out under Operation Hadin Kai, was based on credible intelligence targeting Boko Haram insurgents operating in the area. However,
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has endorsed the federal government’s decision to transfer oil royalty collection responsibilities to the Nigeria Revenue Service (NRS), describing the move as a major step toward improving transparency and efficiency in the petroleum sector. NUPRC Chief Executive, Oritsemeyiwa Eyesan, said the commission will continue to oversee technical functions
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