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November 6, 2026 - 5:20 PM

Business

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Naira Slips to N1,350.45/$ at NFEM as November Losses Continue

The naira continued to weaken against the US dollar, closing at N1,350.45 on the Nigerian Foreign Exchange Market (NFEM) on November 5. According to data...

Afreximbank Backs Nigerian Tile Maker With $81.9m Loan for African Expansion

The African Export-Import Bank (Afreximbank) has approved an $81.9 million loan for Veenocks Limited to expand its porcelain tile manufacturing plant in Sagamu, Ogun...

UN, EU, Germany Rally Investors to Rebuild Borno Economy

The United Nations (UN), European Union (EU), German Government and other international development partners have pledged support for efforts to attract private sector investment...

CBN’s January 2027 Data Deadline Puts Banks and Fintechs Under Pressure

Nigerian banks and fintechs are increasingly under pressure to localize their payment transaction data to meet the Central Bank of Nigeria’s (CBN) compliance date...

CBN Sets ₦15bn Capital Requirement for Dollar Stablecoin Issuers, ₦10bn for Naira Tokens

The Central Bank of Nigeria (CBN) has introduced new capital requirements of ₦15 billion for dollar-denominated stablecoin issuers and ₦10 billion for naira-denominated token...

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