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

Siminalayi Fubara, Governor of Rivers State, has announced that the 33.5km Elele–Umudioga–Egbeda–Ubimini–Ikiri–Omoku Road has reached 90 percent completion. Governor Fubara stated that construction work on the road is progressing steadily and confirmed that it is on track to be ready for inauguration in May. He described the project as a major infrastructure milestone for the
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The Lagos State Real Estate Regulatory Authority (LASRERA) has sealed the office of a suspected impostor operating as a licensed realtor in the Ikorodu area of Lagos State. According to the authority, the individual was found to be pretending to hold a real estate license, misleading clients and engaging in property transactions without proper authorization.
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The Central Bank of Nigeria (CBN) has reported that the Dangote Refinery imported $3.74 billion worth of crude oil in 2025. According to the CBN, the refinery’s import activities reflect the scale of operations at what is Africa’s largest single‑site refinery, highlighting the significant role it plays in Nigeria’s oil and gas sector. The report
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The Sultan of Sokoto, Sa’ad Abubakar III, has officially declared Friday as the first day of Shawwal, marking the celebration of Eid al-Fitr across Nigeria. The announcement followed the sighting of the new moon, which signifies the end of the holy month of Ramadan. As the President-General of the Nigerian Supreme Council for Islamic Affairs,
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The Nigerian Education Loan Fund (NELFUND) has announced that it has disbursed over ₦206 billion to more than one million students across Nigeria, in a major push to expand access to higher education. According to the fund, the initiative is part of the Federal Government’s effort to support students through interest free education loans, easing
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Troops of the Nigerian Army under Operation Hadin Kai have neutralised no fewer than 61 insurgents during a foiled infiltration attempt in Malam Fatori, located in Abadam Local Government Area of Borno State. The operation, carried out in close coordination with the Nigerian Air Force, was aimed at repelling the suspected fighters linked to Islamic
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