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

Nigeria’s net foreign exchange reserves rose sharply to $34.80 billion by the end of December 2025, the Central Bank of Nigeria (CBN) has announced in its latest data, marking a substantial strengthening of the country’s external buffers and foreign exchange position, financial reports show. The CBN Governor Olayemi Cardoso disclosed on Monday March 2, 2026
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Members of the Islamic Movement in Nigeria (IMN), widely known as Shiites, held a peaceful protest in Lagos State on Monday, voicing their condemnation of the reported death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, amid ongoing military strikes by the United States and Israel, multiple Nigerian news outlets report. The demonstration took place in
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The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has said Senator Ireti Kingibe will not secure re-election to the Senate in 2027, arguing that her record lacks tangible projects and visible achievements to justify another term, political sources report. Wike’s comments, delivered in recent public remarks, focus on his view that Kingibe’s tenure
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Edo State Governor Monday Okpebholo joined residents and youths at a protest in Benin City on Monday over **persistent poor electricity supply and billing concerns linked to the Benin Electricity Distribution Company (BEDC), local media report. The demonstration took place at Ring Road, one of the busiest areas in the state capital, where residents carrying
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Governor Francis Nwifuru of Ebonyi State has expressed deep concern and alarm over the abduction of His Royal Highness Ezeogo Francis Igwe, the traditional ruler of Ndufu-Alike in Ikwo Local Government Area, following reports that the monarch was kidnapped earlier this week, credible sources report. The 68-year-old Igwe, who is also the father of former
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Umuahia Nigeria – The Abia State Government has begun the full rollout of the Abia Connect Card, a cashless payment system for the Green Shuttle Bus Service, as part of its efforts to modernise public transportation across the state, transportation officials say. The initiative, driven by the Abia State Ministry of Transportation under Governor Alex
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