Wednesday, October 14

Business

MiCA Architect Says EU Should Prioritize Tokenization Over DeFi Rules

The European Union should focus on a broader digital asset framework covering real-world assets and tokenization instead of regulating decentralized finance through a second version of the Markets in Crypto-Assets Regulation (MiCA), an adviser at the European Commission said.The European…

Apple launches new version of digital assistant Siri AI

Apple has revealed Siri AI, a new version of its digital assistant, alongside the next generation of Apple Intelligence as part of its upcoming software releases, which include iOS 27. The company disclosed the innovation in a post on its…

OKX Launches EU Stock Perpetual Futures for Retail Traders

OKX is rolling out perpetual futures tied to the Magnificent 7, SPY, QQQ and major commodity benchmarks for European retail customers.In a Tuesday release shared with Cointelegraph, OKX said the new X-Perps markets allow users to trade futures tied to…

SBI Shinsei Bank Plans Crypto Vouchers for Depositors

SBI Shinsei Bank will reportedly launch a service that rewards deposit customers with cryptocurrency exchange vouchers based on their account balances.According to a Nikkei report, customers will receive vouchers equal to 20% of their interest payments, in addition to their…

Tinubu approves 0 million for modernisation of Lagos airport

President Bola Tinubu has approved the sum of $500 million for the modernisation of the Lagos airport, Minister of Aviation and Aerospace Development Festus Keyamo said on Monday. The investment will go into upgrading infrastructures at the Murtala Muhammed International Airport, and support efforts…

Nigerians spend N50bn on US visa applications

Nigerians spent more than N50bn on United States visa applications between 2023 and 2024, despite a sharp decline in approvals as Washington tightened immigration controls and increased scrutiny of applicants. An analysis of the Intelpoint report, using data from the…

FCMB Group’s annual profit hits record N177 billion

Mid-tier lender FCMB Group reported on Monday a 147.7 per cent lead in net profit to the highest level on record, supported by a remarkable improvement in interest income, its primary source of revenue. After-tax profit accelerated to N177.3 billion…

Petrol imports crash by N2tn to N87bn

Nigeria’s spending on the importation of Premium Motor Spirit, popularly known as petrol, plunged by over 96 per cent in the first quarter of 2026, marking a dramatic shift in the country’s fuel supply landscape and signaling the growing impact…

Bitcoin Futures Reset As Buyers Step In Near K

Bitcoin (BTC) rallied toward $64,000 on Monday, but futures market activity was lagging, which may be a sign that the rebound could lose momentum. Traders placed nearly $162 million in buy orders between $57,000 and $59,000, forming one of the…

ARM-Harith raises m for infrastructure fund

A Pan-African infrastructure fund private equity firm, ARM-Harith Infrastructure Investments Limited, has raised approximately $76m in the first close of its climate transition successor fund aimed at mobilising institutional capital for infrastructure projects across Sub-Saharan Africa. The firm said the…

Autonomous AI Agents Pose Crypto Financial Risks

Artificial intelligence agents that have autonomous access to crypto wallets could become unstoppable if deployed maliciously or if they escape from sandboxes, experts from a leading academic research consortium warned.“Unstoppable Autonomous Agents” (UAAs) pose a clear threat if they are…

FG clears N700bn contractor debts

The Federal Government has processed payments exceeding N700bn in verified obligations owed to local contractors over the past few months, including N436.6bn disbursed in May alone, as part of efforts to clear long-standing debts and boost economic activity. The Federal…

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