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

The Department of State Services (DSS) has arrested a 26-year-old man identified as Udeme Monday Stephen in connection with an alleged attempt to assassinate Mr. Peter Obi, the former Labour Party presidential candidate, security sources say. The arrest in Edo State’s capital, Benin City, followed a gunfire attack on February 24, 2026, during a visit
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The Enugu State Police Command has arrested a 74-year-old Islamic scholar, Alhaji Musa Ani, along with the Sarikin Hausawa of Enugu, Alhaji Suleiman Haruna Sule, over an alleged N100 million fraud, law enforcement sources report. Police operatives took Ani, who is Director of the Islamic Centre in Uwani, Enugu, into custody on Friday after a
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The Nigerian Education Loan Fund (NELFUND) has extended the deadline for student loan applications after receiving a surge in demand from students and institutions across the country, education sector reports say. The extension was announced on Monday March 2, 2026 in a statement signed by Oseyemi Oluwatuyi, Director of Strategic Communications at NELFUND, following rising
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Zimbabwe has begun releasing more than 4,000 inmates under a presidential amnesty in a bid to ease persistent prison overcrowding and support rehabilitation efforts, state and international media report. The clemency initiative, authorised by President Emmerson Mnangagwa, was announced by the Cabinet in February 2026 and launched on Monday March 2, 2026, when correctional services
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The National Police Council has unanimously approved the appointment of Mr Olatunji Disu as the substantive Inspector-General of Police (IGP) following his recent service in an acting capacity, according to multiple Nigerian news outlets. The Council’s approval was announced on Monday March 2, 2026, at a meeting presided over by President Bola Ahmed Tinubu at
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Dangote Petroleum Refinery Plc has adjusted its petrol pricing, increasing the pump price of Premium Motor Spirit (PMS) to about ₦875 per litre at many filling stations across major Nigerian cities, industry sources say. Recent checks by market observers indicate that the retail cost of petrol now ranges up to around ₦875 per litre, depending
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