Business
The European Union’s new crypto tax reporting regime under DAC8 is intentionally focused on enforceable targets, leaving decentralized finance (DeFi) outside its scope for now.Colby Mangels, a former adviser to the Organisation for Economic Co-operation…
Sahara Group Foundation, the corporate social impact arm of Sahara Group, has commissioned its 17th Sahara Go Recycling Hub in Ibeju-Lekki, Lagos State, reinforcing its commitment to sustainable waste management, environmental protection, and community empowerment across Nigeria. The Sahara Go…
Gold prices have topped $5,000 amid rising geopolitical and global trade tensions, while Bitcoin has fallen toward $86,000 as the divergence between the two assets widened. Gold surged to a record high of $5,080 on Monday following a 17% gain so…
The founder of the fintech firm Paypaxe, Belema Mary Maxwell, says the company is focused on helping Nigerian businesses navigate salary payments, statutory deductions, and regulatory filings amid tighter enforcement of tax rules. Speaking at the company’s launch in Abuja…
Entropy founder and CEO Tux Pacific says that, after four years and multiple pivots, the project was unable to find a scalable business model.Crypto start-up Entropy is closing down and handing funds back to investors, citing issues with scaling and…
Port modernisation is vital for economic expansion and trade competitiveness in Nigeria and Africa, says the Nigerian Ports Authority Managing Director, Dr Abubakar Dantsoho, who was recently appointed the IAPH Regional Vice President for Africa, in this interview with OKECHUKWU…
Nigeria’s industrial and economic progress will stay vulnerable unless businesses survive beyond their founders through intentional succession planning. To this end, industry and business leaders are urging discipline and mentorship to ensure continuity, writes ARINZE NWAFOR Last year, the Managing…
Around $100 billion was wiped from the crypto market late on Sunday, as uncertainty around another potential partial US government shutdown caused traders to sell off.Senate Democrats threatened to block a funding package if it included money for the Department…
The United States recorded a $1.45bn goods trade surplus with Nigeria in the first 10 months of 2025, reversing a deficit position from the previous year, as US exports to Nigeria surged while imports from Nigeria declined, the latest US…
The Nigerian equities market experienced a sharp pullback last week as investors engaged in profit-taking, causing the Nigerian Exchange Limited to lose N394bn in market capitalisation. Market activity slowed compared with the previous week as cautious sentiment gripped both retail…
The hashrate of Foundry USA, a digital asset advisory firm with the world’s largest Bitcoin (BTC) mining pool, has curtailed its hashrate by about 60% since Friday in response to the severe winter storm impacting large swaths of the United…
The biggest threat to the Bitcoin network is “ambitious opportunists” who want to push through protocol changes, according to Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy.Saylor’s comments sparked a debate online. Bitcoin maximalist Justin Bechler said the…
The Chief Executive Officer of Shell Plc, Mr Wael Sawan, has praised President Bola Tinubu’s leadership for creating a conducive environment for investment in Nigeria, noting that the country has regained investor confidence under his administration. Mr Sawan, speaking at…
Bitcoin (BTC) saw multiday lows into Sunday’s weekly close as bulls faced a week of macro uncertainty.Key points:Bitcoin heads lower as market nerves about upcoming macroeconomic volatility catalysts boil over.Downside risks firmly outweigh the odds of upside, BTC price analysis…
NEM Insurance Plc has projected a strong financial performance for the first quarter of 2026, with profit after tax expected to reach ₦11.71 billion, as the company sustains its growth momentum in Nigeria’s insurance market. In its first-quarter 2026 forecast…
Tezos, a layer-1 proof-of-stake blockchain network, implemented its latest protocol upgrade, Tallinn, on Saturday, which reduced block times on the base layer to 6 seconds. The latest upgrade is the 20th update to the protocol, which reduces block times, slashes…
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