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

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has endorsed the federal government’s decision to transfer oil royalty collection responsibilities to the Nigeria Revenue Service (NRS), describing the move as a major step toward improving transparency and efficiency in the petroleum sector. NUPRC Chief Executive, Oritsemeyiwa Eyesan, said the commission will continue to oversee technical functions
READ MORE
Former Attorney-General of the Federation, Abubakar Malami, has returned to Kebbi State after 123 days marked by detention and political uncertainty, drawing huge crowds of supporters in a dramatic homecoming that has energized the African Democratic Congress in the state. Malami was detained on December 8, 2025, after responding to an invitation from the EFCC,
READ MORE
Former Nigerian President Olusegun Obasanjo has warned that Africa is at a critical turning point and must urgently reform its failing security systems to prevent deeper instability and foreign interference. Speaking at the third Mashariki Cooperation Conference, Obasanjo said Africa’s current security framework is no longer adequate for today’s rapidly changing geopolitical realities. Drawing on
READ MORE
The Centre for the Promotion of Private Enterprise has urged the federal government to strengthen Nigeria’s domestic refining sector instead of adopting the World Bank recommendation for increased petroleum and food imports. In a statement, CPPE described the World Bank’s proposal in its recent Nigerian Development Update as unsuitable for Nigeria’s current economic needs, warning
READ MORE
The United Nations has praised the National Youth Service Corps for its contribution to youth development and its growing role in delivering healthcare services to underserved rural communities across Nigeria. Speaking at the launch of the NYSC Health Initiative for Rural Dwellers (HIRD) in Kabusa, Abuja, UN Assistant Secretary-General for Youth Affairs, Felipe Paullier, described
READ MORE
The Northern States Governors’ Forum has honoured Aliko Dangote on his 69th birthday, describing him as one of Africa’s greatest symbols of entrepreneurship, industrial progress, and visionary leadership. In a tribute issued by the forum chairman and Governor of Gombe State, Muhammadu Inuwa Yahaya, the 19 northern governors praised Dangote’s remarkable rise from entrepreneur to
READ MORE