New rules from Nigeria’s Central Bank (CBN) will require foreign-currency stablecoin issuers, including companies behind dollar-pegged tokens such as USDT and USDC, to maintain at least ₦15 billion ($11.16 million) in paid-up capital to operate in Africa’s largest cryptocurrency market. The rules...
business
The Small and Medium Enterprises Development Agency of Nigeria has unveiled plans to create 100 millionaire entrepreneurs through business training and financial grants, as it moves to address… Read More: https://punchng.com/smedan-unveils-n100m-fund-for-100-entrepreneurs/...
business
Nigerian Aviation Handling Company (NAHCO) Plc sustained its growth trajectory, with double-digit growths across key performance indices in the third quarter highlighting the continuing brand preference and operation efficiency of West Africa’s leading aviation handling and logis...
News
Nigerian comedian, The Cute Abiola has taken a swipe at President Bola Tinubu over the country’s electricity situation, lamenting that even his solar power supply has gone off. In a video shared online, the comedian appealed to Tinubu to provide electricity, expressing frustratio...
Local
By Godwin Oritse The Apapa Area Command of the Nigeria Customs Service (NCS) generated N302.9 billion in revenue in October 2026, representing a 7.13 per cent increase over the N282.79 billion recorded in September 2026. In a statement issued by Isah Sulaiman, Chief Superintenden...
safety
Japan U-17 women's head coach Sadayoshi Shirai says his team want to make history by winning the title at the 2026 FIFA U-17 Women's World Cup. The Asians will take on Nigeria in the final of the competition at the Mohammed VI Football Complex, Pitch 3, Rabat on Sunday. It will b...
News
By Yinka Kolawole, with agency repor t Dangote Group has held talks with African stock exchanges to broaden access to the $1.6 billion initial public offering (IPO) of its refinery beyond Nigeria, although differences in regulatory requirements across markets have complicated the...
government
By Olasunkanmi Akoni The Federal Competition and Consumer Protection Commission (FCCPC) has sealed manufacturing facilities of defaulting food companies after laboratory tests revealed that 12 per cent of vegetable oil and two per cent of salt samples sold in Nigerian markets fai...
Local
The Lagos State Government is summoning power operators for a summit to address persistent electricity supply challenges and find solutions for 24/7 power. Read More: https://punchng.com/lagos-summons-power-operators-over-erratic-electricity-supply/...
News
Nigerian states spent N45.04bn on fuel for vehicles and generators in the first six months of 2026, a 14.35% increase from the previous year. Read More: https://punchng.com/states-spend-n45bn-fuelling-vehicles-generators-in-six-months/...
News
The US dollar is trading at about ₦1,400 on the parallel market on Friday, November 6, 2026, while the official Nigerian Foreign Exchange Market (NFEM) rate stood at approximately ₦1,348.74 per dollar at the close of the previous trading session. Data from the Central Bank of Nig...
News
The naira weakened to N1,350.45 per dollar at the Nigerian Foreign Exchange Market (NFEM) on November 5, extending its losses in the first week of November. The post Naira falls to N1,350.45/$ at NFEM, extending November losses appeared first on Nairametrics ....
library
Nigeria’s newest sportsbook and casino, West Africa’s first lifestyle betting brand, launches today at champbet.ng with a weekend at Zaza Lagos, BOHO Lagos and LuLu Beach Club. The match kicks off at eight. Read More: https://punchng.com/champbet-goes-all-in-on-lagos-pioneering-l...
