Wednesday, October 14

Business

Arthur Hayes Dumps Worldcoin After Bullish AI Proxy Call

Maelstrom co-founder Arthur Hayes said he sold his Worldcoin (WLD) holdings just days after his venture capital firm described it as one of the cleanest proxies for the AI investment play. “This chart is going in the wrong direction,” said Hayes…

Marketing leaders call for expanded CMO role

Marketing leaders, business executives and communications experts have called for a redefinition of the Chief Marketing Officer’s role, urging marketers to move beyond traditional brand management and focus on enterprise leadership, business growth and value creation. The call was made…

Securitize Gets SEC Nod for Cantor SPAC Merger

Real-world asset tokenization platform Securitize is one step closer to going public via a special acquisition company (SPAC) merger, after one of its filings was approved by the US Securities and Exchange Commission.The regulator approved the Form S-4 registration statement…

FG pushes completion of  Abuja–Keffi road

The Minister of Works, David Umahi, has expressed satisfaction with the pace and quality of work on the reconstruction and expansion of the 43.65-kilometre Mararaba–Keffi Road, reiterating the Federal Government’s resolve to end the era of abandoned and substandard infrastructure…

HTX Delists Trump-Linked USD1 After Alleged Wallet Freeze

HTX, the crypto exchange linked to crypto entrepreneur Justin Sun, delisted the Trump family’s USD1 stablecoin after claiming World Liberty Financial wrongly froze the exchange’s addresses.“The World Liberty Financial (WLFI) project team recently stated that it has unilaterally imposed a…

NSE urges govt action on insecurity, inflation crisis

The President of the Nigerian Society of Engineers, Ali Rabiu, has urged the Federal Government to take urgent and decisive steps to address Nigeria’s escalating security challenges and worsening economic hardship. A Sunday statement signed by the acting Executive Secretary,…

FG eyes €59m EU ocean programme funding boost

Nigeria has expressed readiness to leverage the €59m West Africa Sustainable Ocean Programme as part of intensified efforts to combat illegal, unreported and unregulated fishing and strengthen the sustainable management of its marine resources. The Special Adviser to the Minister…

Oil sector regulators target reduced compliance costs

The Nigerian Upstream Petroleum Regulatory Commission has commenced moves to harmonise regulatory processes with the Nigerian Nuclear Regulatory Authority as part of efforts to strengthen radiological safety in oil and gas operations and reduce the cost of doing business in…

Reps recover N521m VAT from CBN

The House of Representatives Public Accounts Committee has recovered N521.77m in unremitted Value Added Tax from the Central Bank of Nigeria, marking a significant breakthrough in an ongoing investigation into revenue leakages linked to government collections processed through the Remita…

What Happens to Bitcoin If Nasdaq Falls Further?

Bitcoin (BTC) traders said that BTC holding above the $60,000 psychological support over the weekend was important as it recovered 6.5% from a local low near $59,100 to an intraday high of around $62,950 on Sunday.Key takeaways:BTC is eyeing a…

FCCPC denies a hand in the reported airtime credit overhaul

The Federal Competition and Consumer Protection Commission (FCCPC) has denied reports that it secured presidential approval to restructure Nigeria’s airtime credit market and allow new operators to join the sector. In a statement issued on Saturday, Ondaje Ijagwu, the commission’s…

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