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

The United States Africa Command (AFRICOM) has raised fresh alarm over the growing alliance between terrorist groups and international drug cartels operating across Africa, warning that narcotics trafficking is now helping to finance insurgency and violent extremism across the continent. Speaking before the US House Armed Services Committee, AFRICOM Commander Gen. Dagvin Anderson said terror
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The Nigerian Labour Congress has announced a June 1 crackdown on companies and institutions accused of deducting workers’ pensions without remitting them to PFAs. Lagos NLC Chairperson, Funmi Sessi, warned that both foreign and local employers exploiting Nigerian workers would face picketing, prosecution, and public exposure, insisting workers must not retire into poverty after years
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Human rights lawyer Femi Falana has petitioned the African Commission on Human and Peoples’ Rights over renewed xenophobic violence and alleged abuses against Nigerians and other African migrants in South Africa. In the petition, Falana accused South African authorities of failing to stop repeated attacks, killings, harassment, looting, and intimidation targeting foreign nationals across cities
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The Nigerian Air Force has launched fresh precision airstrikes against terrorist hideouts in the North-East, destroying key camps, logistics bases, and operational hubs in Bukar Meram and the Mandara Mountains following intelligence-led surveillance missions. According to the military, several insurgents were killed during the coordinated bombardments, while planned attacks were disrupted as fighter aircraft targeted
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Nigeria’s $5 billion NLNG Train 7 project is nearing completion, with construction now over 92% done as the country pushes deeper industrial growth, local manufacturing, and indigenous participation in the oil and gas sector. Project officials disclosed that the massive gas expansion project has moved into its pre-commissioning phase and is expected to increase NLNG’s
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The United States Trade and Development Agency has unveiled a new digital infrastructure initiative aimed at increasing American telecommunications presence across West Africa, in what analysts see as a strategic response to China’s dominance in the region’s telecom sector. The programme will support plans to deploy approximately 1,500 American-made wireless communication base stations across Nigeria,
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