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

Stakeholders in the Niger Delta have rejected proposals to divide or decentralise the pipeline surveillance contract currently handled by Tantita Security Services Nigeria Limited, warning that such a move could weaken coordination and reverse progress made against oil theft and pipeline vandalism. At a meeting in Port Harcourt, groups including ex-militant leaders, regional trustees, and
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The Federal Government has partnered with the North Central Development Commission to boost mining development, expand mineral processing, and create jobs across the North Central region. Minister of Solid Minerals Development, Dele Alake, said the initiative aims to formalise artisanal mining by organising over 300 small-scale miners into cooperatives and integrating them into the legal
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Borno State Governor Babagana Zulum has disclosed that security forces received credible intelligence three days before the terrorist attack on the 15 Task Force Brigade in Benisheikh, yet the assault still went ahead, exposing serious gaps in response and preparedness. Speaking during a condolence visit to Benisheikh on Saturday, Zulum described the incident as deeply
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The Federal Government has unlocked a $200 million loan from the African Development Bank to drive a major expansion of Nigeria’s fibre optic backbone, advancing plans to strengthen broadband access and power the country’s digital economy. The funding forms part of the wider $800 million Project BRIDGE financing package, which also includes $500 million from
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Bauchi State Governor Bala Mohammed has voiced concern over the ongoing removal of railway sleepers along rail routes in Alkaleri and Tafawa Balewa, warning that dismantling such infrastructure could undermine transport access and economic activity in the affected areas. The governor raised the issue after witnessing contractors reportedly extracting railway sleepers during a trip to
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The Nyesom Wike-backed faction of the Peoples Democratic Party (PDP) has assumed control of the party’s national secretariat in Abuja after the Nigeria Police reopened and handed over the premises in compliance with court orders. In a statement issued on Saturday, the Abdulrahman Mohammed-led National Working Committee confirmed the takeover, warning that any future attempt
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