Tuesday, June 30

Business

ESMA Clarifies Reverse Solicitation Rules Under MiCA

European Union crypto clients should be served through a Markets in Crypto-Assets Regulation (MiCA)-authorized legal entity after the bloc’s July 1 transitional deadline, the European Securities and Markets Authority (ESMA) told Cointelegraph, adding to questions…

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Air France water protest video not recent, NCAA clarifies

The Nigeria Civil Aviation Authority said the viral video of passengers on an Air France flight aggressively demanding water is old and has no link to any Abuja-bound flight, despite claims circulating on social media. The Director of Public Affairs…

Bitcoin ETFs Hit a ‘Pivot’ Amid Reports of New Buyer Surge

Bitcoin ETF investors contend with price dropping to their aggregate entry level, but a crypto executive claimed that new institutions were lining up.Bitcoin (BTC) institutional investors face a test of “conviction” as exchange-traded fund (ETF) holdings tumble by $6 billion.Key…

Court orders forfeiture of Bombardier luxury jet over duties

The Federal High Court sitting in Abuja has ordered the final seizure, condemnation, and forfeiture of a Bombardier BD-700 Global 6000 aircraft, with registration mark 9H-GVG and manufacturer’s serial number 9470, operated by Orlean Invest Africa Limited, to the Federal…

Tax committee engages stakeholders on new laws

The National Tax Policy Implementation Committee has sustained its stakeholder engagement programme, holding a high-level consultative session with leading tax advisory firms, professional bodies, and institutional representatives to support the effective implementation of Nigeria’s newly enacted tax laws. It was…

UK Bans Coinbase Ads For Trivializing Crypto Risks: Report

The UK’s advertising watchdog has reportedly banned a series of Coinbase advertisements claiming they presented the crypto exchange as a solution to cost-of-living concerns while making light of the risks of investing in crypto.The UK Advertising Standards Authority said the…

Aviation unions reject Enugu airport concession, threaten strike

Aviation workers’ unions have rejected the Federal Government’s concession of the Enugu airport, describing the process as insensitive, opaque, and exclusionary, warning that industrial action may follow if the decision is not reversed. The unions—the Air Transport Services Senior Staff…

OKX Launches Crypto Card In Europe For Stablecoin Payments

Cryptocurrency exchange OKX is rolling out a payment card in Europe, allowing users to spend stablecoins at merchants accepting Mastercard.The OKX Card is issued through the company’s Electronic Money Institution (EMI) partner, Monavate, OKX said Wednesday in an announcement shared…

FG begins N4tn debt settlement, captures five GenCos

The Federal Government has taken steps towards resolving Nigeria’s estimated N4tn power sector debt burden as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme, following the issuance of a N501bn bond. The bond,…

Fed Money Printing For Japan Good For Bitcoin: Arthur Hayes

Bitcoin could break out of its “sideways funk” if the United States central bank attempts to support a failing Japanese bond market by printing money, according to BitMEX founder Arthur Hayes.Hayes proposed a theory on Wednesday about how the Federal…

NUPRC courts global investors ahead of 2025 oil licensing round

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has invited global energy investors, upstream operators, financial institutions and strategic partners to a webinar ahead of Nigeria’s 2025 oil and gas licensing round. In an advertorial posted on its official X page,…

CBN approves temporary use of expired NAFDAC licences for imports

The Central Bank of Nigeria has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration and Control licences for import documentation, offering short-term relief to businesses affected by system changes in Nigeria’s trade…

Crypto Laundering On Centralized Exchanges Declines: Report

The use of centralized crypto exchanges for laundering illicit funds is on the decline, with Chinese-language money laundering networks now being used more than ever, according to Chainalysis.Chainalysis said in a report on Tuesday that informal service-based networks offered through…

Imported petrol beats Dangote on price

The landing cost of imported Premium Motor Spirit (petrol) is now lower than the gantry price of the commodity from the Dangote Petroleum Refinery, following the refinery’s decision to hike prices, The PUNCH reports. Data from the Major Energies Marketers…

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