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

President Bola Tinubu on Thursday presided over a high-level security meeting with the nation’s service chiefs at the Presidential Villa in Abuja, in what marked the first such gathering since Tunji Disu assumed office as Inspector-General of Police. The meeting, which lasted nearly two hours, was held behind closed doors at the Presidential Villa. Security
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Nigeria may face a deeper electricity shortage in the coming weeks after gas suppliers halted fuel supply to several thermal power plants over an estimated ₦3.3 trillion debt owed by power generation companies. Industry operators warn that the development could trigger widespread blackouts across the country. The warning was issued by Dr Joy Ogaji, Chief
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The House of Representatives has asked the Federal Government of Nigeria to reverse the blanket ban placed on university degrees obtained from the Republic of Benin and Togo. The resolution followed the adoption of a report presented by the House Committee on Public Petitions during plenary in Abuja. Presenting the committee’s findings the chairman Bitrus
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The Academic Staff Union of Universities (ASUU) has announced plans to closely scrutinise how funds allocated to public universities through the Tertiary Education Trust Fund (TETFund) are being managed across Nigeria’s higher institutions. The union said the move is aimed at improving transparency and ensuring that intervention funds are used for the purposes they were
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The Kwara State Government has handed over industrial cassava flour processing machines to residents of Owode Oja in Asa Local Government Area as part of efforts to boost agricultural production and improve rural livelihoods. The intervention is expected to increase the scale of garri production in the community while creating employment opportunities for local residents.
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The government of Ghana has officially opened applications for licences to cultivate and manage cannabis for industrial and medicinal purposes under a newly launched regulatory framework aimed at developing a controlled cannabis industry. The initiative is being implemented through the Narcotics Control Commission following the launch of the national cannabis licensing regime by Interior Minister
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