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

The Federal Government has introduced new fiscal policy measures for 2026, reducing import tariffs on about 127 product lines, including vehicles, sugar, crude palm oil, rice, and other key goods, in a move aimed at stimulating economic growth and easing costs in strategic sectors. Approved by Finance Minister Wale Edun, the revised tariff regime took
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Interior Minister Olubunmi Tunji-Ojo has directed the Nigeria Immigration Service to immediately withdraw and deactivate Nigerian passports belonging to individuals who have officially renounced their Nigerian citizenship. The order affects all former citizens whose renunciation applications have been approved and formally registered by the President, in accordance with Section 29 of the 1999 Constitution. According
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Fresh terrorist attacks have hit Niger, Kwara, and Plateau states, leaving deaths, destruction, and fear in their wake, even as security forces intensify counter-operations across affected regions. In Niger State, suspected terrorists raided Baga community in Shiroro LGA, killing at least five residents, burning homes, and abducting several others after storming the area in large
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The Nigeria Police Force has dismissed as false and misleading a viral video claiming terrorists were attacking Abuja, saying the footage was manipulated to spread panic among residents of the Federal Capital Territory. Police confirmed the arrest of one Pam Joseph, alleged to have created and circulated the deceptive clips, which falsely claimed that about
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The World Bank has removed its latest Nigeria Development Update report from its website, days after publication, while issuing a clarification on its stance regarding petrol importation in Nigeria. The report, titled “Nigeria’s Tomorrow Must Start Today: The Case for Early Childhood Development,” was released on April 7, 2026, but is no longer accessible online,
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The Federal Government, alongside Ohanaeze Ndigbo, has banned the conferment of “Eze Ndigbo” titles outside Igboland following diplomatic concerns linked to the practice. Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu, announced the decision during an Ohanaeze meeting in Enugu, describing the spread of such titles abroad as a source of embarrassment and conflict for
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