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

Former President Goodluck Jonathan has questioned the ability of democracy in Africa to consistently deliver economic growth, drawing comparisons with countries like China and United Arab Emirates where significant economic progress has been recorded outside democratic systems. He made the remarks at the 10th anniversary of the Goodluck Jonathan Foundation during the launch of a
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A chieftain of the Peoples Democratic Party, Olabode George, has raised concerns that Nigeria’s democratic system is under threat, accusing the All Progressives Congress and the Independent National Electoral Commission of actions that could weaken the country’s political structure. George claimed that recent actions and statements from both the ruling party and the electoral body
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The Petroleum Technology Development Fund has begun screening 746 shortlisted candidates for its 2026/2027 Overseas Scholarship Scheme in Rivers State. The exercise, which started on April 7 and will run until April 17, is being conducted simultaneously across Nigeria’s six geopolitical zones, including centres in Abuja, Bauchi, Kaduna, Enugu, Oyo, and Rivers. At the Port
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The Nigerian Independent System Operator has announced a planned power outage affecting seven northern states as part of efforts to upgrade transmission infrastructure. The outage will impact Plateau State, Gombe State, Bauchi State, Borno State, Adamawa State, Taraba State, and Yobe State, following maintenance work on the Jos–Gombe 330kV transmission line. According to NISO, the
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The United States Embassy Abuja has halted visa appointments following the evacuation of its staff and their families over security concerns. The decision came shortly after the US government ordered the withdrawal of non-essential personnel from Abuja, citing rising security risks. In a notice to applicants, the embassy confirmed that its Abuja office is currently
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The Federal Government has set up a technical committee to assess a proposed $200 billion high-speed rail and integrated power and gas project put forward by a consortium led by De Sadel Nigeria Limited and China Liancai Petroleum Investment Holdings Limited. The multi-agency panel was inaugurated in Abuja by George Akume, Secretary to the Government
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