Business
JAPANMetaplanet’s executive stock pool sparks shareholder backlashJapanese Bitcoin treasury company Metaplanet’s executive stock pool continues to draw shareholder backlash over stock dilution concerns. Multiple shareholders objected across social media to Metaplanet’s 10th Series executive option pool,…
A 56-year-old Florida resident has pleaded guilty in federal court to conspiracy to operate an unlicensed money-transmitting business in connection with a $1.8 billion fraudulent crypto platform.According to a statement from the United States Attorney’s Office for the District of…
The Federal Government on Wednesday dismissed reports suggesting it had adopted or was considering the introduction of new taxes on telecommunications services and petroleum products following recommendations contained in the latest IMF Article IV Consultation Report on Nigeria. The government…
Michelle Bond, the wife of former FTX executive Ryan Salame, will face illicit campaign finance charges after a judge rejected her argument that prosecutors promised Salame that she would be cleared if he pleaded guilty.Manhattan federal judge George Daniels on…
Rand Merchant Bank has concluded a landmark cross-border infrastructure project deal to finance critical regional transport assets from Nigeria to the Niger Republic. The bank acted as the Global Coordinator and initial Mandated Lead Arranger for the provision of $1.8bn…
Jack Dorsey’s financial services firm Block rolled out a new suite of AI-native tools on Wednesday, which it says can execute around 15% of all production code changes across the company. The new AI tooling, Builderbot, is able to execute over…
An Air Peace aircraft operating a scheduled flight from Abuja to Kano has been grounded after experiencing a bird strike upon arrival at the Mallam Aminu Kano International Airport. The airline disclosed the incident on Wednesday, saying the aircraft was…
The Federal Government on Wednesday disclosed that Nigeria’s solid minerals sector has attracted about $3bn in investments within the last three years, describing the inflow as one of the most significant achievements recorded in the industry’s history. The government said…
France’s national cybersecurity agency ANSSI said Tuesday that it will stop certifying security products that lack quantum-resistant encryption, reflecting growing concern among governments about quantum threats to cryptography. ANSSI chief of staff Samih Souissi said at the France Quantum 2026 Summit…
The Lagos State Government has partnered with children’s educational brand Lumi to promote road safety awareness among schoolchildren through storytelling, practical demonstrations and interactive learning sessions aimed at raising a new generation of responsible road users. The initiative, which took…
Kentucky has sued five prediction market platforms, including Kalshi and Polymarket, adding to a wave of US states launching legal fights with prediction markets over sports event contracts.State Attorney General Russell Coleman said in a statement Wednesday that his office…
Nigeria’s crude oil production could rise to 1.9 million barrels per day in the near term following recent improvements in output, the Nigerian Upstream Petroleum Regulatory Commission has said. The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, disclosed this…
Crypto exchange CoinMENA has entered a banking agreement with Standard Chartered to strengthen fiat payment infrastructure for customers in the United Arab Emirates.Under the agreement, CoinMENA will use Standard Chartered to support fiat on- and off-ramps, client money accounts and…
Nigeria’s current account surplus rose sharply by 255.7 per cent quarter-on-quarter to $4.98bn in the first quarter of 2026, driven by higher crude oil, gas and refined petroleum exports, as well as a steep decline in petroleum product imports, according…
Bitcoin (BTC) bounced off week-to-date lows into Wednesday’s Wall Street open as corporate sell pressure returned to the radar.Key points:Bitcoin sees a new low for the current weekly candle with the Fed FOMC meeting due in hours.Analysis warns that markets…
The Federation Account Allocation Committee shared N2.3tn among the Federal Government, states and local government councils from May 2026 revenue, representing an increase of N43bn from the N2.26tn distributed in the previous month. The latest allocation marks a 1.9 per…
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