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

Arthur Okonkwo has been officially cleared by FIFA to switch his international allegiance from England to Nigeria. The approval, recorded on April 6, 2026, confirms that the goalkeeper is now eligible to represent the Nigeria national football team after previously being tied to England at youth level. Born in Camden to Nigerian parents, Okonkwo featured
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Nyesom Wike has denied threatening Channels Television presenter Seun Okinbaloye, insisting that his earlier comment was only figurative and taken out of context. Speaking in Abuja, the minister explained that his remark during a previous media session was made out of frustration and was never intended as a literal threat. He said his words had
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Nigeria’s Minister of Power, Adebayo Adelabu, has dismissed a widely circulated statement falsely attributed to him, describing it as part of a deliberate campaign to damage his reputation and mislead the public. The viral quote claimed the minister said he had “accumulated enough money to never be broke again.” Adelabu firmly denied ever making such
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Economist Bismarck Rewane has raised concerns that rising global crude oil prices could significantly boost illegal earnings from oil theft in Nigeria, potentially reaching $16 million per day. Speaking at the Lagos Business School Breakfast Session, Rewane projected that an increase in crude prices from $64 to $110 per barrel could drive a 136% surge
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Bola Tinubu is expected to commission six major infrastructure projects during his first official visit to Lagos, highlighting key achievements of Governor Babajide Sanwo-Olu’s administration. The projects lined up for inauguration include the Ojota-Opebi Link Bridge, the Lagos State Geographic Information Service (LAGIS) building, and the Lagos Multi-Agency Complex in Alausa. Others are the Lagos
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Paramount Global is seeking nearly $24 billion in funding from Gulf investors to support its massive $110 billion acquisition of Warner Bros. Discovery. According to reports, the financing push is being led by Public Investment Fund, which is expected to contribute about $10 billion. Other potential backers include Qatar Investment Authority and Abu Dhabi-based L’imad
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