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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…
US consumer prices rose 0.4% in October, and core CPI climbed 0.3% for the third month in a row, the Bureau of Labor Statistics said on Tuesday. The report carried an unusual gap. The government did not publish a 12-month…
Some chieftains of the All Progressives Congress have defended President Bola Tinubu’s economic reforms despite mounting hardship, insisting that the policies have laid the foundation for long-term prosperity and should be…
HONG KONG – China’s trade surplus exceeded $1 trillion for a second straight year, according to official data released Tuesday, as pressure mounts for greater balance in trade with Beijing. Exports in October surged 35.2% from a year earlier, the customs agency said. Exports have grown rapidly this year, supported…
Published on 11/10/2026 at 04:46 pm +04 - Modified on 11/10/2026 at 04:47 pm +04 Voters focused on the rising cost of living, fueled by Republican President Donald Trump's trade tariffs and higher energy costs from the war with…
(Yicai) Nov. 9 -- China has extended its trade truce with the United States by two more months, as the pair prepare to implement reciprocal cuts on import tariffs covering a wide range of American agricultural products. China will hold off levying an additional 24 percent tariff on US imports…
NASHVILLE, Tenn. — Tariff exemptions announced Friday on electronics like smartphones and laptops are only a temporary reprieve until the Trump administration develops a new tariff approach specific to the semiconductor industry…
Wall Street brokerages including Morgan Stanley and UBS called last week’s rout in the AI trade overdone, arguing that the risks of extreme regulation of data center developments under a Democrat-controlled Congress are unlikely to play out. They instead pointed to Anthropic’s IPO and Nvidia’s upcoming quarterly earnings as events…