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

A suspect arrested in a recent drug operation has revealed he was promised payment in euros if the illicit consignment successfully reached Italy, underscoring the global connections and financial motivations driving drug trafficking activities. This development comes shortly after another suspect, Christian Agbonhese, was apprehended while attempting to board a flight to Milan. A search
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The Dangote Refinery has reportedly increased the price of petrol to about ₦1,245 per litre, as the ongoing Middle East conflict involving Iran continues to disrupt global oil markets. The latest adjustment reflects sustained volatility in crude oil prices, which have surged due to attacks on key energy infrastructure and fears of supply disruptions across
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Governor Babagana Zulum of Borno State has visited victims of the recent bomb blasts in Maiduguri, assuring residents that the worst days of insecurity are over. During the visit to hospitals and affected communities, the governor commiserated with victims and their families, expressing sympathy over the loss of lives and injuries recorded in the attacks.
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Muslims across Nigeria have marked the end of the holy month of Ramadan with the celebration of Eid al-Fitr, one of the most significant festivals in Islam. The celebration follows the official declaration of the new moon by the Sultan of Sokoto, Sa’ad Abubakar III, confirming the start of Shawwal and the conclusion of the
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A major oil refinery in Kuwait has been set ablaze following a new wave of drone strikes launched by Iran, marking a sharp escalation in the ongoing Middle East conflict. Reports confirm that the Mina Al-Ahmadi refinery, one of Kuwait’s key energy facilities, was hit by Iranian drones, triggering fires in several operational units. Emergency
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The Federal Government of Nigeria has initiated urgent measures to resolve the gas supply crisis currently affecting electricity generation and causing widespread power outages across the country. Officials disclosed that the government is engaging key stakeholders in the gas and power sectors to address supply disruptions and restore stable electricity. The crisis, largely linked to
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