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

Nigeria’s small business sector has received a major financial lifeline as the African Development Bank approved a $200 million funding package through the Bank of Industry to expand access to long-term credit for small and medium-sized enterprises. The facility is designed to support businesses operating in key sectors such as agriculture, infrastructure, transportation, healthcare, pharmaceuticals,
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The United States Department of Justice is reportedly preparing criminal charges against former Cuban leader Raúl Castro over the 1996 downing of two aircraft operated by the exile group Brothers to the Rescue, an incident that left four people dead. US prosecutors are said to be considering filing charges against the 94-year-old in connection with
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Olayemi Cardoso has launched the fourth edition of the Foreign Exchange Manual, introducing a revised framework aimed at modernising FX administration while warning market operators against misconduct before its June 1, 2026 implementation. Speaking in Abuja, the Central Bank of Nigeria governor said the updated manual reflects efforts to align FX management with global realities
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An Israeli strike in southern Lebanon has killed six people, including three paramedics, according to the country’s health ministry, coming just hours after the United States announced a 45-day extension of the ceasefire between Israel and Hezbollah. The strike reportedly hit a civil defence centre in Harouf, leaving another paramedic critically injured, while the Israeli
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Bala Mohammed and other aspirants of the Allied People’s Movement have received their expression of interest and nomination forms as the party begins preparations for screening and the 2027 general elections. The forms were presented by party chairman Auwal Isa as part of processes leading to screening, clearance, and eventual submission to Independent National Electoral
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Aston Villa sealed qualification for next season’s UEFA Champions League with a 4-2 victory over Liverpool at Villa Park, piling pressure on the visitors’ hopes of securing a place in Europe’s elite competition. A second-half brace from Ollie Watkins, along with goals from Morgan Rogers and John McGinn, ensured fourth-placed Villa claimed one of the
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