The Central Bank of Nigeria (CBN) has directed all financial institutions with digital payment operations to disclose the Ultimate Beneficial Ownership (UBO) of significant shareholders, in line with existing laws and regulatory requirements. The apex bank said the new measure…

Nigeria’s daily natural gas production rose to 7.93 billion standard cubic feet per day (bcf/d) in May 2026, driven by increased domestic demand and the growing contribution of non-associated gas production, fresh industry data has shown. The data revealed that…

A Nigerian legal scholar based in the United Kingdom, Godwin Daramola, has called for stricter environmental regulations and legally enforceable sustainability obligations for oil and gas companies operating in Nigeria, arguing that voluntary corporate social responsibility initiatives have failed to…

The Central Bank of Nigeria has directed banks, fintech firms and other payment service providers to store payment transaction data generated within the country on local servers from January 1, 2027, as part of new measures to strengthen oversight of…

The Nigeria Customs Service, Federal Operations Unit Zone C, Owerri, has announced the interception of a large consignment of foreign-smuggled vegetable oil with a duty-paid value of N403.4m. The unit described the seizure as a result of strategic intelligence coordination…

Recently, the concept of so-called covenants has received renewed attention as Bitcoin development and protocol discussions underwent a renaissance. Covenants could enable and facilitate a wide range of applications, including new trustless and scalable layer 2s, fully non-custodial vaults with…

The Federal Airports Authority of Nigeria said it has commenced an official investigation into the circumstances surrounding the allegation of gold smuggling involving its staff members. FAAN staff in the Aviation Security section, Ali Baffa, was arrested by operatives of…

Crypto exchange Bybit will offer eligible customers access to tokenized bond funds managed by PIMCO and China Merchants Bank International, expanding its push into real-world assets through partnerships with Plume and DigiFT. Bybit’s new RWA Earn platform launched with two…

Some of the fighters in Sunday’s Ultimate Fighting Championship (UFC) event on the White House lawn will be paid bonuses in stablecoins issued by the Trump family crypto company World Liberty Financial.On Monday, World Liberty confirmed that UFC would pay…

Kraken on Monday launched perpetual futures trading for eligible US users through Bitnomial, expanding its domestic derivatives offerings months after acquiring the federally regulated exchange.The products are available through Kraken Pro and include contracts tied to major cryptocurrencies including Bitcoin…

Chipmaker Nvidia has reportedly become the latest company to tap the AI debt boom with a planned $20 billion bond offering, underscoring the relentless demand for AI infrastructure and data centers that has also created new opportunities for Bitcoin miners…

The US Commodity Futures Trading Commission (CFTC) has hired a new chief data innovation officer with deep experience in blockchain forensics in what could be seen as the regulator’s move toward greater focus on the technology.In a Monday notice, CFTC…

Nigeria’s headline inflation rate rose to 15.93 per cent in May 2026, extending the upward trend recorded since the beginning of the year, according to the latest data released by the National Bureau of Statistics (NBS). The figure shows an…

BitMine Immersion Technologies continued to expand its Ether holdings last week, acquiring more of the second-biggest digital asset despite a prolonged market downturn as its large staking operation continues to generate yield.On Monday, the crypto treasury company reported that it…

Nigeria’s daily natural gas production rose to 7.93 billion standard cubic feet per day in May 2026, driven by increased domestic demand and the growing contribution of non-associated gas production, fresh industry data has shown. The data revealed that gas…