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November 7, 2026 - 10:32 PM

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...

Reps to Grill Cardoso Over Alleged Breach of CBN Pension Agreements

The House of Representatives has resolved to summon the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, over alleged breaches of pension...

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...

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...

Dangote Raises Petrol Price to N1,300 as Depot Owners Adjust Rates

Dangote Petroleum Refinery has increased its petrol gantry price to N1,300 per litre from N1,215, reversing two previous price reductions and triggering fresh adjustments...

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