FCMB Group posted a dramatic rise in earnings for 2025, with net profit increasing by 141.2 per cent, helped by a remarkable growth in interest income, its principal revenue source. The unaudited financial report of the banking group, released on…

The Industrial Revolution Working Group is actively working on a lasting solution to Nigeria’s persistent energy instability, following three national grid collapses in less than 30 days, according to the Manufacturers Association of Nigeria. The President of the Manufacturers Association…

Crypto-focused venture capital firm Escape Velocity has raised nearly $62 million to invest in decentralized physical infrastructure network (DePIN) projects, signaling continued venture interest in the sector despite a broader slowdown in crypto and technology funding.As first reported by Fortune…

The Federal Government has earmarked N7bn for the ongoing solarisation of the Presidential Villa, Abuja, in a bid to address Nigeria’s persistent power supply challenges, The PUNCH reports. The allocation is contained in the 2026 Appropriation Bill submitted to the…

Bitcoin’s (BTC) strong start to the year has been fully erased, with its price slipping to a new yearly low below $84,000. Analysts viewed this move as part of a broader corrective phase rather than a structural market breakdown, driven…

BUA Foods reported a 90.9 per cent boost in after-tax profit for 2025, taking its earnings to the highest on record amid a reasonable jump in revenue and drop in cost pressures. Turnover for the maker of sugar, flour and…

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has said Nigeria’s financial sector reforms depend largely on sustained access to long-term capital from development finance institutions. Cardoso stated this on Wednesday in Abuja while hosting a delegation…

Bitcoin (BTC) fell to two-month lows Thursday as crypto joined stocks and precious metals in a snap sell-off.Key points:Bitcoin dives below $85,000 as macro assets suddenly tumble from record highs.Gold and silver shock market watchers as nerves over global financial…

The FGN Power Company, under the Presidential Power Initiative, has sought collaboration with the Kwara State Government to enhance power supply across the state. This was disclosed on Thursday during a stakeholders’ meeting involving officials of the Ministry of Energy,…

SEC Chair Paul Atkins and CFTC Chair Mike Selig spoke on CNBC on Thursday as debate continues over stablecoin yield in the CLARITY Act.US Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission Chair Mike Selig appeared…

Petroleum marketers lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery are now required to pay an additional N100 per litre to pick up petrol for which payments had already been processed, following the sudden upward review of the…

Financial technology company Dakota launched a stablecoin infrastructure platform as more enterprises look to adopt digital dollars without taking on the operational and regulatory burden of custody and compliance.Dakota will handle custody, compliance and settlement on behalf of its clients.…

The Nigerian Upstream Petroleum Regulatory Commission has remitted a record N8.503tn revenue to the Federation Account jointly run by the federal, state, and local governments, between January and December 2025, The PUNCH reports. The amount represented a 17 per cent…

Lawmakers begin debating amendments to a sweeping digital asset market structure proposal as Congress looks to clarify oversight of crypto markets.US lawmakers are beginning a key markup session Thursday morning on a long-awaited crypto market structure bill, marking a pivotal…

Oil prices rose on Thursday, extending gains for a third consecutive day as concerns grew that the United States could take military action against Iran—a key Middle Eastern oil producer—potentially disrupting regional supplies. Brent crude futures rose by 94 cents,…