NewsDeskNg

CBN Sets N15bn Capital Requirement For Foreign Stablecoin Issuers, Tightens Dollar Token Rules

New CBN regulations require foreign stablecoin issuers to establish Nigerian entities, secure local licences and obtain approval for naira-dollar P2P conversions. The Central Bank of Nigeria (CBN) has introduced new regulations requiring foreign-currency stablecoin issuers to obtain local licences and establish Nigerian-incorporated entities, as it moves to tighten oversight of...
Read more

Putin Invites African Countries To Join Russia-Backed International Payment System

Russian President Vladimir Putin has invited African countries to join A7, a Russian-backed international payment system, promising faster cross-border transactions, lower costs and greater independence from external financial restrictions. Putin made the invitation during the third Russia-Africa Summit, where African leaders were introduced to A7’s international payment capabilities during a...
Read more

Akwa Ibom Rally: Tinubu Questions Peter Obi’s Leadership, Says He Abandoned Party To Join Another

Tinubu criticises Obi’s political movement between parties and asks Nigerians to consider his leadership qualities before choosing their next president. President Bola Tinubu has questioned the leadershipcredentials of Labour Party presidential candidate Peter Obi, criticising his decision to leave apolitical party and move to another platform. Tinubu, during his Akwa...
Read more

This website uses cookies to improve User experience. Learn More