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

The United Nations General Assembly is set to vote on a landmark resolution seeking to officially recognise the transatlantic slave trade as “the gravest crime against humanity,” a move supporters say is crucial for justice and historical accountability. The initiative has been strongly backed by John Dramani Mahama, who described the proposal as a significant
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Cuba has declared its readiness to defend itself against any potential military action from the United States, as tensions between both countries continue to rise. Speaking over the weekend, Deputy Foreign Minister Carlos Fernandez de Cossio said the country remains prepared for any form of aggression, even though it does not consider an armed conflict
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Dangote Petroleum Refinery has strengthened Nigeria’s footprint in the regional energy market by exporting 456,000 tonnes (456KT) of refined petroleum products to African countries, including Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo. The shipments, representing 12 cargoes sold on a FOB (Free on Board) basis, mark the refinery’s export of Premium Motor Spirit (PMS) following
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Global financial markets came under pressure on Monday as rising tensions between the United States and Iran triggered a sharp sell-off in stocks, while oil prices moved higher amid fears of prolonged conflict. The escalation follows a 48-hour ultimatum issued by former U.S. President Donald Trump, demanding that Iran reopen the Strait of Hormuz—a critical
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Renewed attacks have struck parts of the Gulf region, with Saudi Arabia and the United Arab Emirates reporting missile and drone threats early Monday, further deepening tensions in the ongoing Middle East conflict. Saudi authorities confirmed that two ballistic missiles were detected heading toward the capital. According to the country’s defence ministry, one of the
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The government of Indonesia is targeting savings of up to 80 trillion rupiah (approximately $4.7 billion) to protect its economy from the ripple effects of the ongoing Middle East conflict. Officials say the country is also weighing energy-saving measures, including introducing a one-day-per-week remote work policy for government employees and some public-sector workers. The move
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