Tuesday, June 30

Business

Multi-Trex gets NGX nod to  increase public shareholding

Multi-Trex Integrated Foods Plc has secured approval from the Nigerian Exchange to take steps aimed at increasing its public shareholding, following a recapitalisation that left its free float below the Main Board requirement. According to a statement signed by the…

Fed Pauses Rates as Weak Dollar Shapes Bitcoin, Crypto Outlook

The US Federal Reserve voted to leave interest rates unchanged on Wednesday, a decision that was widely anticipated by investors. While the move signals a pause for now, market commentators suggest a path toward monetary easing could still emerge indirectly.Members…

Cardoso calls for long-term funding to stabilise Nigeria economy

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has said Nigeria’s financial sector reforms depend largely on sustained access to long-term capital from development finance institutions. Cardoso stated this on Wednesday in Abuja while hosting a delegation…

OAW board sets growth agenda for mechanised farming

The Board of Directors of Origin Automobile Works has outlined a strategic agenda aimed at strengthening Nigeria’s agro-mechanisation and food systems sector following the conclusion of its 2026 Board Retreat held at the Lakowe Lakes Golf and Country Estate Resort,…

Ripple Enters Corporate Treasury Market with GTreasury-based Platform

Ripple has expanded its push into enterprise finance with the launch of a corporate treasury platform that combines traditional cash management tools with digital asset infrastructure.According to a blog post on Tuesday, the platform combines GTreasury’s treasury management software with…

Rotary installs borehole in Lagos Island market

The Rotary Club of Lagos Central has inaugurated a new borehole and water project aimed at improving access to clean water for traders and residents in Sandgrouse Market, Lagos Island. Speaking at the launch, Club President, Rotarian Elizabeth Ajilore, said…

Coinbase Launches Prediction Markets in all 50 US States via Kalshi

More than a month after announcing plans to move deeper into prediction markets, Coinbase said it would launch its offering for ”sports, politics, culture and more.”Cryptocurrency exchange Coinbase announced the rollout of prediction markets offering in all 50 US states…

Shoe brand unveils premium leather products

Beyond Leather Culture, a Nigerian shoe brand, has launched a premium men’s leather shoe collection at its newly opened store in Lekki Phase 1, Lagos, marking a significant move in the country’s footwear market. The collection features loafers, sandals, Oxfords,…

Crypto PAC Reports 3M after Donations from Ripple, Coinbase, a16z

Crypto-backed political action committees (PACs) are gearing up for the 2026 US midterm elections, with industry-funded groups signaling plans to expand their influence as debates over digital asset regulation intensify on Capitol Hill.Fairshake, the cryptocurrency industry-backed PAC, disclosed on Wednesday…

FAAN secures dual ISO certifications

The Federal Airports Authority of Nigeria has attained two internationally recognised certifications: ISO 9001:2015 for Quality Management Systems and ISO 14001:2015 for Environmental Management Systems. According to a statement signed by the Director of Public Affairs and Consumer Protection, Henry…

US CFTC Leadership to be Addressed at Market Structure Bill Markup

US lawmakers are expected to return to Capitol Hill on Wednesday after inclement weather delayed committee meetings and votes, with attention turning to how senators will handle proposed amendments to a long-awaited crypto market structure bill.On Thursday, senators on the…

World Customs Organisation applauds Nigeria’s reforms

The Secretary-General of the World Customs Organisation, Ian Saunders, has described Nigeria’s Time Release Study as a practical and evidence-based reform capable of strengthening border efficiency, boosting trade competitiveness within trade corridors in Africa, and enhancing national safety. In a…

Bitcoin Rethinks a ,000 Breakout Despite a US Dollar Nosedive

Bitcoin (BTC) attempted a rebound past $90,000 at Wednesday’s Wall Street open as markets awaited US macro cues.Key points:Bitcoin struggles to hold a $90,000 uptick as gold surges and US dollar strength crumbles.The Federal Reserve interest-rate decision sees flat moves…

Nigerian firms secured .5bn World Bank deals – Official

The World Bank has revealed that Nigerian companies have emerged as one of the biggest beneficiaries of development procurement globally, ranking fifth worldwide in contracts awarded to local contractors. This was disclosed on Tuesday at the World Bank Group Business…

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