Nigeria’s external reserves have climbed to $55.06 billion, while headline inflation has eased to 14.63 per cent, signalling an improvement in the country’s macroeconomic position after more than three years of economic reforms.The reserves, which stood at $34.95 billion in May 2023, represent an increase of more than $20...

 The Central Bank of Nigeria (CBN) has introduced minimum paid-up capital requirements of N15 billion for foreign currency-backed stablecoin issuers and N10 billion for naira-referenced stablecoin issuers as part of new regulations governing non-security virtual assets in the country.The requirements are contained in the apex bank’s Regulations for the...