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

Nigeria has recorded a major fiscal shift as tax and non-oil revenue streams now surpass oil in driving government income. From 2010 to 2024, the country earned an estimated N161.1 trillion, almost evenly split between oil-related earnings (N80.6 trillion) and non-oil sources (N80.57 trillion), according to a report by Quartus Economics. The report, titled “Nigeria
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Iyabo Ojo’s highly anticipated Nollywood sequel, Return of Arinzo, has smashed Easter weekend records, grossing ₦104.8 million in its opening weekend. The film emerged as the highest-earning movie during the festive period, confirming its massive popularity with audiences across Nigeria. The performance was highlighted by both the filmmaker and distributor, FilmOne Entertainment, via social media
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Nigerian singer Adekunle Gold has announced his first-ever official collaboration with rapper Olamide, set to release on April 9, 2026. The news came via Adekunle Gold’s social media on April 6, generating excitement among fans eager to see the two artists unite. In his post, Adekunle Gold wrote:”First time ever, me and @OlamideFormation. April 9.”
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The Centre for Information Technology and Development (CITAD) has begun distributing educational materials to Fulani pupils in Kano State, linking education access to efforts to reduce insecurity. At Bakin Kamanda Nomadic School in Danshoshiya, Kiru Local Government Area, CITAD Executive Director Dr. Yunusa Yau emphasized that lack of education is a key factor driving criminal
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Ondo State Governor Lucky Aiyedatiwa has unveiled plans to transform the Araromi coastline into a major tourism hub, aiming to attract 5–10 private investors for the project. Speaking at the Araromi seaside carnival in Ilaje Local Government Area, he highlighted the economic potential of the 72-kilometre coastline, one of Africa’s longest, and stressed the importance
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Former Senate President and National Chairman of the African Democratic Congress, David Mark, has firmly denied reports claiming he has resigned from his position, describing them as false, malicious, and politically motivated. In a statement issued by his Chief Press Secretary, Paul Mumeh, the party dismissed the reports as a deliberate attempt to mislead the
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