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

The Economic and Financial Crimes Commission (EFCC) has approached the Federal High Court in Abuja seeking a final forfeiture order on 57 properties allegedly linked to former Attorney-General of the Federation, Abubakar Malami. In its application before Justice Joyce Abdulmalik, the EFCC argued that the affected individuals and entities failed to provide sufficient justification to
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Governor Ahmed Aliyu of Sokoto State has reiterated his administration’s commitment to strengthening security operations, pledging sustained support for law enforcement agencies battling banditry and other crimes in the state. The governor gave this assurance during a visit to the Inspector-General of Police, Olatunji Rilwan Disu, in Abuja, where he emphasized that security remains a
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The Director-General of the Nigeria Civil Aviation Authority, Chris Najomo, has projected that airfares in Nigeria could decline within the next six months as local airlines expand their fleets with newly acquired aircraft. Speaking at the Nigeria Aircraft Acquisition and Investment Summit (NAAIS) 2026 in Lagos, Najomo revealed that multiple Nigerian carriers are set to
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The Nigeria Sovereign Investment Authority (NSIA) has reported a significant financial milestone, with its net asset value rising to $3.4 billion and total income reaching ₦478.8 billion for the 2025 financial year. According to the Managing Director/CEO, Aminu Umar-Sadiq, the latest figures represent 13 consecutive years of steady earnings and asset growth since the authority
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The World Bank has approved a $500 million credit facility to support Nigeria’s agricultural sector through a new initiative aimed at transforming smallholder farming and strengthening value chains. The funding, provided through the International Development Association (IDA), will finance the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) Project, a six-year programme designed to improve productivity,
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Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced major progress toward reviving a national shipping carrier, marking a significant step in strengthening the country’s maritime sector. Speaking at a stakeholders’ engagement and performance retreat in Lagos, Oyetola revealed that the Federal Government has secured interest from leading international maritime firms, including AD
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