Monday, June 29

Business

Open banking roadmap coming  in three months — CBN

The Central Bank of Nigeria will issue an implementation roadmap for Open Banking within three months, aiming to bridge technical gaps in the country’s financial ecosystem. This was disclosed in the newly released CBN Fintech Report 2025, which captured activities…

Stanbic IBTC reports N381bn revenue

Stanbic IBTC Holdings Plc has recorded a strong financial performance for the year ended 31 December 2025, posting a group profit of N381bn, up 68 per cent from the N225.3bn recorded in 2024. In its annual statements of profit or…

House Probes Trump-Linked Crypto Firm Over UAE Investment

World Liberty Financial (WLFI), a crypto company linked to US President Donald Trump’s family, is facing scrutiny from House Democrats over a reported $500 million investment by an entity linked to an Abu Dhabi royal in the UAE.California Representative Ro…

CardinalStone raises N12.63bn in Series 1 infrastructure financing

CardinalStone Asset Management Limited has closed Series 1 of the CardinalStone Infrastructure Debt Fund, securing N12.63bn in investor commitments. According to a statement from the firm on Wednesday, the successful close of the funding round marked an important milestone in…

Multiliquid, Metalayer Roll Out Instant Redemptions for Tokenized RWAs

Multiliquid and Metalayer Ventures have launched an institutional liquidity facility to provide instant redemptions for tokenized real-world assets (RWAs) on Solana.The facility allows holders of tokenized assets to convert positions into stablecoins instantly. The vehicle is raised and managed by…

Coronation Merchant Bank seeks African prominence at 10

Coronation Merchant Bank has set its sights on becoming a leading African bank as it marked its 10th anniversary. This was disclosed at the Chairman’s Dinner event to mark the anniversary of the lender in Lagos. Speaking at the Chairman’s…

M Lightning Payment Tests Bitcoin’s Institutional Rails

Institutional trading and lending desk Secure Digital Markets (SDM) said it sent a $1 million payment to cryptocurrency exchange Kraken over the Lightning Network on Jan. 28.SDM claimed in a Thursday statement shared with Cointelegraph that it is the largest…

Recapitalisation: NAICOM warns insurers  on disclosure, capital shortfalls

The National Insurance Commission has flagged weak financial disclosures, solvency gaps and deficiencies in recapitalisation planning by some insurance companies, warning that the ongoing recapitalisation exercise leaves little room for repeated errors or delays in regulatory approvals. The concerns were…

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