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November 11, 2026 - 3:54 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...

Ribadu Meets Saudi Arabia’s Vice Foreign Minister to Strengthen Bilateral Ties

The National Security Adviser (NSA), Mallam Nuhu Ribadu, has met with Saudi Arabia’s Vice Minister of Foreign Affairs, Waleed Elkhereiji, in Riyadh to review...

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...

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...

DMO Projects Nigeria’s Debt Service at 71.7% of Revenue by 2030

Nigeria’s debt service burden is projected to consume 71.7% of Federal Government revenue by 2030, exceeding the Debt Management Office’s recommended threshold of 50%...

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