Wednesday, October 14

Business

Crypto Groups Push Senate on CLARITY Act Vote

More than 200 crypto companies and organizations have urged the US Senate to pass the CLARITY Act, amid concerns that continued stalling could see it miss an important legislative window.In a letter on Monday shared by crypto lobby group Stand…

Trade surplus jumps 341% to N7.55tn – NBS

Nigeria recorded a sharp improvement in its merchandise trade balance in the first quarter of 2026 as exports rose and imports declined significantly, pushing the country’s trade surplus to N7.55tn. According to the National Bureau of Statistics’ Foreign Trade in…

MTN defends tariff hike, plans N1tn investment

MTN Nigeria said it invested N900bn in network expansion and maintenance in 2025 and plans to spend more than N1tn in 2026. The Chief Executive Officer of MTN Nigeria, Karl Toriola, argued that the recent tariff increase was necessary to…

UK Proposes Limited Retail Fund Exposure to Crypto

The UK’s Financial Conduct Authority has proposed allowing some authorized investment funds to hold up to a 10% allocation of crypto exchange-traded notes, closing a regulatory gap between retail investors and funds.The FCA floated the idea in a quarterly consultation…

Payaza secures credit rating upgrades from agencies

Payaza Africa Limited has secured upgraded credit ratings from four agencies, signalling growing investor confidence in the fintech company’s financial stability and operational performance. The payment company recorded upgrades across the board, with DataPro raising its rating from A to…

Humanity Protocol Hacked, H Token Crashes 85%

The Humanity Protocol, dubbed the “Chinese Worldcoin,” has been exploited for more than $30 million through a private key compromise, sending the price of H tokens plummeting on Tuesday. “We’ve detected a security incident involving the compromise of private keys belonging…

Energia appoints new director

Energia Limited has appointed Tai Adetokunbo Oshisanya as an Independent Non-Executive Director on its board, effective May 2026. A statement on Sunday said Oshisanya joins the board with over four decades of distinguished leadership experience spanning the energy, financial services,…

Sahara Foundation takes  waste-to-wealth drive to North

The Sahara Group Foundation has expanded its waste-to-wealth initiative to Northern Nigeria with the commissioning of a new Sahara Go Recycling Hub in Masaka, Nasarawa State. The foundation said in a statement on Sunday that the facility, delivered in partnership…

OpenAI Confidentially Files for US IPO

ChatGPT creator OpenAI has confidentially filed for an initial public offering in the US, becoming the third major AI company this year to set up plans for a Wall Street debut.OpenAI posted to X on Monday that it filed confidential…

ICAN pledges innovation, installs 62nd president

The Institute of Chartered Accountants of Nigeria has reaffirmed its commitment to innovation, transparency and institutional reform as it installed its 62nd President at a ceremony held on Tuesday in Lagos. The leadership transition took place at the ICAN Council…

Cooking gas scarcity persists despite fresh imports

Liquefied Petroleum Gas (cooking gas) retailers have raised the alarm over persistent supply shortages, saying fresh LPG shipments into the country have done little to improve availability as prices soar and consumers groan under rising energy costs. The retailers said…

Bybit Launches tokenized IPO Access with SpaceX Debut

Bybit is joining a growing list of crypto exchange platforms allowing eligible users to subscribe to tokenized shares in US initial public offerings at the offering price, beginning with a SpaceX listing through the xStocks framework.Kraken parent Payward Services’ xStocks…

TCN rejects claims of transmission grid constraints

The Transmission Company of Nigeria has pushed back against claims that the country’s transmission network is the major obstacle to improved electricity supply, insisting that the national grid currently has the capacity to wheel 8,700 megawatts of electricity, far above…

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