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

Chidi Anselm Odinkalu has claimed that the Nigerian presidency pressured Professor Joash Amupitan to act against the leadership of the All Progressives Congress-backed Democratic Change (ADC) party. According to Odinkalu, a pre-signed resignation letter for Amupitan—allegedly a pre-condition for his appointment—was used to compel the removal of David Mark and other ADC leaders from INEC’s
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The ECOWAS Bank for Investment and Development (EBID) has approved $241.6 million in funding to support Nigeria’s transport networks, urban waste management, and critical infrastructure projects. The approvals were part of a broader $266.7 million and XOF 30 billion regional package aimed at promoting sustainable growth across West Africa, covering member states including The Gambia,
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President Bola Ahmed Tinubu has approved new leadership changes in key government institutions, appointing Professor Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF) while renewing the tenure of the Managing Director of the Transmission Company of Nigeria (TCN), Engineer Sule Ahmed Abdulaziz. The announcement was made by presidential spokesperson
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Transport unions in Lagos State have thrown their weight behind the reintroduction of the monthly environmental sanitation exercise, pledging full compliance with the state government’s directive. The unions agreed that no commercial vehicles will pick up passengers between 6:30 a.m. and 8:30 a.m. on the last Saturday of every month, dedicating the period to environmental
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Governor Douye Diri has cautioned political actors in Bayelsa State against engaging in divisive politics, urging a shift toward unity and issue-based engagement as political activities begin to intensify nationwide. Speaking during a State Executive Council meeting, the governor emphasised that political affiliations are temporary, but shared identity, culture, and community ties remain permanent. He
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The Nigeria Police Force in Katsina State has presented welfare cheques totaling over ₦13.3 million to families of officers who lost their lives in active service, as part of activities marking the 2026 National Police Day. At a ceremony held at the Command Headquarters in Katsina, the Commissioner of Police, Ali Umar Fage, handed over
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