State Street Investment Management has launched a money market fund designed for stablecoin issuers, offering a vehicle for holding reserve assets under the framework established by the GENIUS Act. The fund is structured as a Rule 2a-7 government money market fund…

The World Bank has ranked Nigeria’s Apapa Port Complex and Tin Can Island Port Complex among the 20 most improved ports globally, highlighting the impact of ongoing reforms and operational improvements in the country’s maritime sector. The recognition, contained in…

Cryptocurrency exchange Binance, whose application under the European Union’s Markets in Crypto Assets (MiCA) framework is under consideration, has generally deferred responding to a report that the company’s licensed activities in the region could be at risk.In a Tuesday blog…

SpaceX’s hotly anticipated public debut on June 12 raised $75 billion at $135 per share, valuing the company at more than $2 trillion and turning its founder, Elon Musk, into the world’s first trillionaire. And it’s not only Musk getting…

The International Monetary Fund (IMF) has warned that the growing use of US dollar-denominated stablecoins in Nigeria could weaken demand for the naira, and undermine the effectiveness of the country’s monetary policy framework. IMF observed in a report titled “Stablecoins…

Bitcoin (BTC) dropped back to $66,000 after Tuesday’s Wall Street open as stocks locked in fresh gains.Key points:Bitcoin cools its rebound, even as stock continue higher on US-Iran peace plans.Oil prices hit their lowest levels in three months, but crypto…

The Nigerian Communications Commission, working with consultancy KPMG, has begun a comprehensive review of telecom interconnection pricing, the first major reassessment of the sector’s tariff framework in nearly a decade. The exercise, kicked off in Lagos at a mobile termination…

Bitcoin (BTC) risked wiping out its Iran truce gains and returning toward the $60,000 psychological support as the Bank of Japan (BoJ) raised its interest rates to their highest level in 30 years.Key takeaways:BTC has averaged a 5.74% decline in…

The Nigerian Ports Authority (NPA) has said that 37 ships with petroleum products, food items and other goods are expected at Apapa, Lekki Deep Sea Port and Tincan Island port in Lagos on Tuesday. The NPA disclosed this on its…

Today in crypto, the industry’s biggest stories spanned layoffs, a key regulatory hire and markets.Robinhood cut 10% of its workforce despite CEO Vlad Tenev saying the business “has never been stronger” and the CFTC hired a former SEC crypto adviser…

Solana treasury companies are resisting acquisition attempts by Forward Industries, with two firms rejecting proposed combinations and a third allowing its offer to expire without responding.Forward said Monday that Solana Company (HSDT), formerly Helius Medical Technologies, rejected an all-stock proposal…

The Nigerian Postal Service (NIPOST) has taken another step towards implementing a nationwide digital postcode system, with the validation of a model designed to assign a unique digital address to every addressable building in the country. The validation exercise was…

The Enugu State Government has identified the establishment of Enugu Air and the concession of the Akanu Ibiam International Airport as critical drivers of its ambition to grow the state’s economy from $4.4bn to $30bn by 2031. The government added…

Strategy executive chairman Michael Saylor said Bitcoin does not need staking, inflation or protocol-based yield mechanisms, arguing returns should come from financial products built around BTC.In an X post on Tuesday, Saylor outlined a five-layer “Digital Asset Stack” positioning Bitcoin…

United Capital Group, a leading Pan-African investment banking and financial services group, has completed the acquisition of a 5 per cent equity stake in the Nigerian Exchange Group (NGX Plc). The transaction was successfully concluded, marking a significant milestone in…