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November 8, 2026 - 10:59 AM

Business

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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...

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...

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...

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...

Dangote Urges Lotus Capital to Expand Financing for Nigeria’s Real Sector

Aliko Dangote, President & Chief Executive Officer of Dangote Industries Limited has encouraged Lotus Capital Limited to provide more funding to the real sector. Lotus...

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