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

Lagos Nigeria – The Federal High Court sitting in Lagos has convicted two men for producing and selling counterfeit alcoholic beverages, sentencing them to a combined total of 40 years imprisonment following their prosecution by regulatory authorities. The defendants were found guilty after investigators uncovered an illegal operation involved in the manufacture packaging and distribution
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Akure Nigeria – Ondo State Governor Lucky Aiyedatiwa has directed security agencies to launch an immediate and coordinated operation against suspected kidnappers terrorising residents across the state, officials said on Monday March 2, 2026. The governor gave the order during a security meeting at the Governor’s Office in Akure, where leaders of the Nigeria Police
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President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the Minister of State for Finance, replacing Dr Doris Uzoka-Anite, according to official statements from the Presidency on Tuesday March 3, 2026. In a letter sent to Senate President Godswill Akpabio, Tinubu formally conveyed Oyedele’s nomination to the Senate for confirmation as part of a
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Minister of the Federal Capital Territory (FCT), Nyesom Wike, has issued a stern warning to sanitation officials responsible for waste management in Abuja, threatening to remove them from office if they fail to address the growing problem of refuse dumps along major roads and highways, multiple news outlets report. Wike’s directive came during an executive
READ MOREThe Nigerian Electricity Regulatory Commission (NERC) has warned that more than 5 million electricity customers in Nigeria still do not have meters, underscoring a persistent metering gap in the nation’s power sector and ongoing challenges in billing transparency and revenue collection, according to recent industry data. In its second quarter 2025 report, NERC said that
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Governor Siminalayi Fubara of Rivers State has forwarded a list of nine commissioner nominees to the Rivers State House of Assembly for screening and confirmation, officials confirmed on Tuesday March 3, 2026. The submission of the nominees’ names, made in a Government Special Announcement signed by the Clerk of the House, Dr Emeka Amadi, signals a key
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