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

Stakeholders in Nigeria’s oil and gas industry have called for stronger alignment of digital technology, investment, and policy reforms to achieve the country’s 3 million barrels per day production target by 2030. This position was made at the 26th Oloibiri Lecture Series and Energy Forum in Abuja, where regulators and operators stressed the need for
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The Bauchi State Government has ordered the immediate suspension of activities in 24 cattle markets across four local government areas as part of efforts to curb insecurity and disrupt criminal networks. Governor Bala Mohammed directed the closure affecting Alkaleri, Bauchi, Kirfi, and Tafawa Balewa Local Government Areas. The decision was announced in a statement issued
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Residents of Omugo community in the Oro-Ago district of Ifelodun Local Government Area, Kwara State, have fled their homes following repeated attacks by suspected bandits. Community representatives said the area has become largely deserted due to escalating insecurity and recurring abductions. Speaking in Ilorin, leaders of the community under the Concerned Citizens of Omugo, including
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President Bola Tinubu has vowed that Nigeria will defeat terrorism following a deadly Boko Haram attack in Borno State that claimed the lives of Brigadier General Oseni Braimah and several soldiers. The attack targeted troops of the 29 Task Force Brigade under Operation Hadin Kai in Benisheikh, where insurgents stormed a military position in a
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The first ships have successfully passed through the Strait of Hormuz following a ceasefire agreement between Iran and the United States, signaling a cautious return to maritime activity in the critical oil route. According to maritime tracking data, two vessels — the Greek-owned bulk carrier NJ Earth and the Liberia-flagged Daytona Beach — completed their
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Five minors are standing trial in Sweden over an alleged attempt to assassinate Iranian dissident Arvin Khoshnood in a case linked to organised crime networks. The teenagers, aged between 15 and 17, are being tried behind closed doors, with three facing attempted murder charges and the others accused of complicity. Prosecutors say the plot involved
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