Tuesday, October 13

Business

Ecobank boosts SME support at 2026 Adire fair

Ecobank Nigeria has reiterated its commitment to driving the growth of Small and Medium Enterprises and promoting local industries as the fifth edition of the Ecobank Adire Lagos Experience concluded successfully on Sunday, 14 June 2026. The four-day international exhibition,…

Bitcoin Traders Weigh in on BTC After FOMC With ,000 Still a Target

Bitcoin (BTC) fell below $65,000 on Wednesday as traders predicted the impact of a key macro event.Key points:Bitcoin approaches the next Fed interest-rate decision near important support.BTC price analysis warns that “bearish” moves typically accompany FOMC days.$55,000 remains on the…

CIPM flags risks in unregulated AI adoption

The Chartered Institute of Personnel Management of Nigeria has warned that the rapid and unregulated adoption of artificial intelligence across workplaces, academia, and government could create ethical, social, and governance risks if not properly managed. The warning was issued during…

BitGo Launches MiCA Crypto Infrastructure In Europe

BitGo, a crypto custody company, is moving into Europe’s tighter regulatory landscape as exchanges race to maintain access ahead of a key licensing deadline.BitGo Europe launched a crypto-as-a-service platform aimed at meeting the European Union’s Markets in Crypto-Assets Regulation (MiCA),…

Incoming NIA boss outlines reform vision

The incoming Chairman of the Nigerian Insurers Association, Ebelechukwu Nwachukwu, has unveiled a comprehensive strategic blueprint aimed at driving industry compliance, breaking public trust deficits, and deepening market penetration under the new regulatory framework. Speaking at a pre-investiture press conference…

Foreign investors buy .3bn Nigerian bonds in three months

Foreign investors channelled $3.23bn into Nigerian bonds in the first quarter of 2026, highlighting a strong appetite for the country’s fixed-income securities amid elevated interest rates and improving confidence in the foreign exchange market. Data from the latest capital importation…

Strategy’s STRC Dips 3.6% Amid Bitcoin Buying Doubts

Strategy’s perpetual preferred stock STRC fell near record lows on Tuesday as investors seemingly balked at the company’s latest Bitcoin acquisitions.Michael Saylor’s variable-rate perpetual “Stretch” Bitcoin yield product declined by 3.58% to $91.79 on Tuesday, 8.2% below its target value…

Nigeria’s nuclear power programme plans still alive – IAEA DG

The Director General of the International Atomic Energy Agency (IAEA), Rafael Grossi, said discussions on Nigeria’s nuclear power programme remain alive, amid continuous technical engagements with concerned authorities in the West African country. Mr Grossi disclosed the progress made on…

States kick as Senate moves to amend Electricity Act

A fresh battle over the control of Nigeria’s electricity sector is brewing, as state electricity regulators have accused the National Assembly of attempting to claw back powers already devolved to states under the Constitution and the Electricity Act 2023. In…

Congress Reaches Deal on Housing Bill With CBDC Ban

The US House and Senate have reached a deal to move forward with a housing bill that includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030.A bipartisan group of House and Senate leaders…

UAE backs long-term Nigeria investments, trade growth

The United Arab Emirates has said that its long-term economic commitments to Nigeria remain intact, citing growing trade volumes, increased investment activity and emerging opportunities in technology and infrastructure. Speaking on the evolving economic relationship between both countries, UAE Minister…

Illinois Governor Signs Illinois Budget Including Crypto Tax

Illinois is going ahead with a 0.2% “privilege tax” on crypto transactions involving its residents under a new $55.9 billion state budget bill signed Tuesday.Governor JB Pritzker signed the measure despite opposition from crypto industry groups over the provision, a…

FG releases barely 5% of N54.93tn three-year road budget

The Federal Government has released about N2.68tn for the construction, rehabilitation and maintenance of roads and bridges across the country between 2023 and April 2026, findings by The PUNCH from the Open Treasury Portal have shown. The analysis, however, revealed…

HYPE Bulls Target  As TradFi Piles Into Hyperliquid DEX

Key takeaways:Hyperliquid defies the crypto bear market with $3 billion HYPE open interest, a 32% growth in a week.Hyperliquid’s TradFi innovation, like SpaceX pre-IPO trading, signals that the path to $80 HYPE price looks well-supported.Hyperliquid’s native token HYPE rallied 44%…

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