Monday, June 29

Business

UBA Group names CEO  for UK subsidiary

United Bank for Africa has announced the appointment of Loknath Mishra as the Chief Executive Officer of its United Kingdom subsidiary. The appointment, announced in a statement on Tuesday and becoming effective 2 February 2026, is said to reinforce the…

Mercado Bitcoin Deploys M in Private Credit on Rootstock

Latin American digital asset platform Mercado Bitcoin said that it had deployed more than $20 million of tokenized private credit on Bitcoin sidechain Rootstock, deepening its push into real-world assets (RWAs) and targeting $100 million in issuances by April. According to…

Why Nigeria’s refineries failed — Ojulari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has disclosed that they halted operations at the country’s state-owned refineries after discovering that continued operation was destroying value and draining public resources, despite…

Standard Chartered outlines 2026 investment outlook for Nigeria

Standard Chartered Bank Nigeria Limited hosted its clients at the 2026 Global Market Outlook event, bringing together industry experts to examine the evolving global financial landscape and its implications for Nigeria in 2026, where it revealed that the country’s growth…

CIRO Formalizes Interim Crypto Custody Framework in Canada

The Canadian Investment Regulatory Organization (CIRO) has formalized its interim framework governing the custody of crypto and tokenized assets. The move outlined how dealer members are expected to safeguard client holdings while permanent crypto-specific rules remain under development.In a Tuesday…

Govt securities dominate 11% of banks’ assets

Government securities now account for about 11 per cent of Nigerian banks’ total assets, underscoring years of constrained credit extension and a sustained tilt towards lower-risk sovereign instruments, according to a new banking sector outlook by S&P Global. The ratings…

Base Fixes Transaction Delays After Config Error, Maintains L2 Lead

Coinbase’s Ethereum layer-2 network Base said recent slow or missing transactions were caused by a configuration error that has been fixed.Over the weekend, Base users experienced elevated transaction drops and delays in getting transactions included onchain. Despite the slowdown, blocks…

Okomu, PIND train Edo communities ahead N1.2bn partnership

Okomu Oil Palm Company Plc and the Foundation for Partnership Initiatives in the Niger Delta have held a training programme for community representatives in Edo State ahead of the rollout of a N1.2bn partnership focused on peacebuilding and livelihoods. According…

FG moves to end blanket fertiliser application

The Federal Government has begun the process of validating a Harmonised Fertilizer Manual as part of efforts to boost crop productivity, improve farmers’ incomes, and strengthen national food and nutrition security. The Director, Farm Inputs Support Services, Abana Abba, stated…

Spot Bitcoin ETF AUM Hits Lowest Level Since April 2025

Assets in spot Bitcoin (BTC) ETFs slipped below $100 billion on Tuesday following a fresh $272 million in outflows.According to data from SoSoValue, the move marked the first time spot Bitcoin ETF assets under management have fallen below that level…

Lufthansa to put 25 new aircraft into service in 2026

The German airline Lufthansa is adding 25 new aircraft to its fleet this year. Jens Ritter, chief executive of Lufthansa Airlines, highlighted “extensive product improvements on board and on the ground” at a press conference on Tuesday. The company wants…

Africa Energy Bank plans bn funding for Nigeria, others

Africa is poised for a leap in oil and gas investment, as $10bn in funding will be mobilised through the newly established African Energy Bank to support strategic energy projects across the continent. This announcement was made by the Secretary-General…

Bitwise to Acquire Chorus One as Crypto Staking Demand Accelerates

Bitwise Asset Management is reportedly acquiring institutional staking provider Chorus One, extending its push into cryptocurrency yield services.The acquisition adds a major staking operation to the crypto asset manager’s platform as demand for onchain yield products increases among both retail…

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