As CBN Opens Official FX Market to BDCs, Dollar Crashes to N1,348/$ Naira hits 14-month high as apex bank caps weekly FX Sale at $150,000 Oduwole: Capital importation rose to $21 billion in first 10 months of 2025
James Emejo and Adedayo Akinwale in Abuja and Nume Ekeghe in Lagos
The Naira strengthened to N1,348 against the US dollar on the Nigerian Foreign Exchange Market
(NFEM) yesterday, indicating a 14-month high since the introduction of the official window in
December 2024. The positive performance comes as the Central Bank of Nigeria
(CBN) okayed the return and participation of licensed Bureau De Change (BDC) operators at
the NFEM. Continued on page 8
Bank of Industry Disbursed Record N636bn to 7,000 Businesses in 2025... Page 5 Thursday 12 February, 2026 Vol 31. No 11267. Price: N400
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Fresh Truce: Fubara to Appoint Commissioners, Assembly Set for Screening... Page 34
NNPP Expresses Shock over US Proposed Visa Ban, Asset Seizure Against Kwankwaso, Others
Congressmen seek sanctions for Fulani militias, Miyetti Allah Military confirms expected deployment of US soldiers to Nigeria Says troops will avoid combat, focus on training Emmanuel Addeh in Abuja and Ahmad Sorondinki in Kano
The New Nigeria Peoples Party (NNPP), Kwankwaso’s party, yesterday expressed shock over the reports
that the US Congress is considering a bill, which named the party’s national leader, alongside others for potential
targeted sanctions. This followed a new bill introduced in the US House of
Representatives seeking sweeping oversight measures, including the imposition of a visa ban and
asset seizure on former Kano State Continued on page 8
Dangote Refinery Hits 650,000 bpd as CDU, PMS Units Reach Full Capacity It’s first refining facility in the world to attain feat
A UNANIMOUS ENDORSEMENT FOR TINUBU’S SECOND TERM...
Story on page 8
L-R: Speaker, Ogun State House of Assembly, Rt. Hon. Oludaisi Elemide; Ogun State APC Chairman, Chief Yemi Sanusi; Ogun State Deputy Governor, Engr. Noimot Salako-Oyedele; Governor of Ogun State, Prince Dapo Abiodun; former Governor of Ogun State, Chief Olusegun Osoba; Senator representing Ogun West Senatorial District, Sen. Solomon Olamilekan Adeola; Senator representing Ogun Central Senatorial District, Sen. Shuaib Salisu; and Minister of state for Health and Social Welfare, Dr. Iziaq Adekunle Salako, during the Strategic Stakeholders’ Meeting of the All Progressives Congress (APC) held at the June 12 Cultural Centre, Kuto, Abeokuta on Wednesday