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

Former Minister of Finance, Kemi Adeosun, has launched a new platform, Nidacity, aimed at equipping Nigerian entrepreneurs—especially young and female founders—with practical skills, mentorship, and business intelligence to build sustainable ventures. The platform, which officially went live on Tuesday, is designed as a private-sector educational media hub focused on tackling Nigeria’s high startup failure rate,
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Nigeria’s National Assembly of Nigeria has raised the 2026 Appropriation Bill to ₦68.323 trillion while simultaneously advancing approval for fresh external borrowings totalling $6 billion requested by Bola Ahmed Tinubu. The adjustment comes amid a sharp rise in global oil prices triggered by tensions in the Middle East, with Brent crude climbing to about $115
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A high-stakes meeting of the World Trade Organization in Yaoundé has ended without agreement after deep divisions among member states derailed negotiations on key global trade issues. The deadlock was triggered when Brazil opposed a proposal backed by the United States and other developed nations to extend a long-standing moratorium on customs duties for digital
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Wale Edun, Coordinating Minister of the Economy, announced in Abuja that Nigeria has expanded its international tax cooperation to tackle revenues lost to illicit financial flows (IFFs). Speaking at the opening of the Committee on Tax and Illicit Financial Flows under the Specialised Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration (STC–FMAEPI), Edun
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The Nigerian Exchange Limited (NGX) posted a remarkable gain of ₦29.83 trillion in the first quarter of 2026, as investor confidence, corporate earnings growth, and strong sectoral performance drove the market. Data from the NGX showed that the market capitalisation rose from ₦99.38 trillion at the start of the year to ₦129.21 trillion by March
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Roberto De Zerbi has agreed in principle to become the new manager of Tottenham Hotspur, according to British media reports. The development comes after Spurs parted ways with interim coach Igor Tudor, who spent just seven games in charge. Tottenham are currently just one point above the relegation zone, having failed to win a Premier
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