The Central Bank of Nigeria has introduced a minimum paid-up capital requirement of N15bn for companies issuing foreign currency-backed stablecoins, including those pegged to the United States dollar. Read More: https://punchng.com/cbn-sets-n15bn-capital-requirement-for-dollar-stablecoin-issuers/
News
Nigerian electric vehicle (EV) manufacturers and importers have raised concerns over difficulties accessing foreign exchange through commercial banks, warning that the challenge is increasing the cost of importing vehicles, components and equipment needed to grow the country’s el...
News
The Nigerian Independent System Operator (NISO) has attributed the latest decline in electricity supply across the country to inadequate gas supply to thermal power plants and reduced water levels at hydroelectric stations. It said that the development has constrained thermal gen...
News
The Army said troops ambushed suspected terrorists along a route in Kontagora LGA, recovering weapons, explosives and cash. The post Troops rescue 16 kidnapping victims, recover two rifles, three bombs, 33 bikes appeared first on Premium Times Nigeria ....
business
The Managing Director of the Nigerian Ports Authority, NPA, Abubakar Dantsoho, has warned that Nigeria needs fresh investments in deeper seaports and cargo-handling facilities to keep pace with economic growth. Dantsoho made this known in remarks at an event in London. His commen...
News
Telecommunications operators in Nigeria have approached the Federal High Court in Abuja, seeking an order to stop the House of Representatives from interfering with the regulatory powers of the… Read More: https://punchng.com/telcos-seek-court-order-to-protect-nccs-regulatory-pow...
safety
The Nigerian Association of Resident Doctors has rejected a proposed amendment to the National Health Act seeking to impose a six-month jail term or a fine of up to N300,000 on healthcare professionals and facilities over delays in emergency medical treatment. Read More: https://...
News
A 26-year-old man, Anthony Cephas, has been sentenced to three years’ imprisonment for stealing a solar-powered streetlight along the Sagamu Interchange Expressway in Ogun State. Read More: https://punchng.com/man-jailed-three-years-for-stealing-streetlight-in-ogun/...
News
The NGX All-Share Index recently breached the 250,000-mark, triggering a profit-taking trend in large blue-chip counters. The NGX All-Share Index shed 1.98% to close at 249,710.59 points (a decline of 5,052.22 points) on Thursday, November 5, 2026. The post Nigerian stocks can’t ...
News
The Kaduna branch of the Nigeria Labour Congress, NLC, has pushed back against Senator Adams Oshiomhole over the Federal Government's plan to pay workers N70,000 every month as transport support. Oshiomhole, who represents Edo North and once led the NLC, had appeared on Channels ...
News
Troops of the Nigerian Army have rescued 16 abducted people and recovered two AK-47 rifles, three rocket-propelled grenade (RPG) bombs and 33 motorcycles during an operation against terrorists in Niger State. The operation, conducted on November 5, 2026, also led to the recovery ...
government
By Favour Ulebor, Abuja The British High Commissioner to Nigeria, Mr Pete Vowles, has reaffirmed the United Kingdom’s commitment to strengthening bilateral relations with Nigeria, describing the partnership between both countries as dynamic, reciprocal and ambitious. Vowles state...
News
Troops of the Nigerian Army have rescued 16 kidnapped victims and recovered two AK-47 rifles, three rocket-propelled grenade bombs, 33 motorcycles, ammunition and over ₦4.7m during operations against terrorists and kidnappers in Niger State. Read More: https://punchng.com/army-re...
