Saturday, June 27

Business

Local web hosting can boost GDP growth – HoganHost boss

The Chief Executive Officer of HoganHost and ZuumHost, Joseph Hogan, in this interview with DANIEL AYANTOYE, speaks on the growing concerns around illegal websites and cybercrime, the role of hosting companies in safeguarding digital spaces, infrastructure limitations, foreign competition, and…

MAN seeks steady crude supply for petrochemical sector

The Manufacturers Association of Nigeria has called on the Federal Government to ensure consistent crude supply to refineries and petrochemical plants and invest massively in gas supply infrastructure following the Dangote Petroleum Refinery deal with Honeywell UOP to expand petrochemical…

Producers offer local refineries 58.8m barrels of crude

Oil producers in Nigeria have offered about 58.8 million barrels of crude oil to domestic refineries in the second quarter of 2026, exceeding the 55.1 million barrels allocated under the Domestic Crude Supply Obligation framework. The development signals a stronger…

Guinness boosts profit, cuts finance costs

The Managing Director/Chief Executive Officer of Guinness Nigeria Plc, Girish Sharma, has attributed the company’s strong start to 2026 to operational efficiency, localised decision-making, and expanded market reach, saying the measures have repositioned the business for sustained growth. Sharma, in…

US buys 8m Nigerian crude in three months – Report

The United States spent $578.78m on crude oil imports from Nigeria in the first quarter of 2026, down from $681.40m in the corresponding period of 2025, according to data from the U.S. Census Bureau and the Bureau of Economic Analysis.…

CZ Says Crypto Exchange Rivals Opposed His Pardon Bid

Binance co-founder Changpeng “CZ” Zhao said he was not very confident he would be pardoned by US President Donald Trump after serving a four-month prison sentence in 2024 for violating US anti-money-laundering laws.“You never know because we actually had very…

Lagos rules out subsidy for electricity consumers

Electricity consumers in Lagos may need to brace themselves for a hike in electricity tariffs as the state government says there will be no subsidy in Lagos. As the state transitions to an autonomous electricity market, the Commissioner for Energy…

Strategy CEO Outlines Criteria for Bitcoin Sales

Phong Le, the CEO of Bitcoin treasury company Strategy, outlined conditions during an interview on Friday, under which the company would sell some of its Bitcoin holdings. The company will sell Bitcoin to pay the dividend on its Series A Perpetual…

CLARITY Can Bring Crypto Industry Back to US: Attorney

Passing the Digital Asset Market Clarity Act of 2025, also known as CLARITY, will help to reshore the crypto industry in the United States, according to Bill Hughes, the senior counsel and director of global regulatory matters at Consensys, a…

How Iran’s biggest crypto exchange stays off the OFAC blacklist

Iran’s internet formally remained part of global routing, but user activity fell almost to zero. That points to a managed restriction on citizens’ access to the external network. Source: IODA.But in that digital darkness, one vital financial service continued to…

Why a 2017 Linux bug is now a major concern for the crypto industry

1. Copy Fail: The Linux vulnerability affecting crypto infrastructure securityA recently uncovered security flaw in Linux is drawing concern from cybersecurity specialists, government agencies and the cryptocurrency sector. Codenamed “Copy Fail,” the vulnerability affects many popular Linux distributions released since…

FCMB appoints Adebajo as Independent Non-Executive Director

FCMB Group Plc has appointed the former Chief Executive Officer at Lafarge Africa Plc, Adepeju Adebajo, as an Independent Non-Executive Director on its board. The group disclosed the appointment in a statement posted on NGX and signed by its secretary,…

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