Friday, October 16

Business

Nigeria’s green bond borrowing rises by N47bn

Nigeria’s borrowing through green bonds rose by N47.36bn within one year, highlighting a gradual shift by the Federal Government towards climate-linked financing as it seeks to diversify funding sources and support sustainable development. Green bonds are debt instruments issued by…

Customs, NDLEA intercept N16bn cannabis shipment

The Nigeria Customs Service, Tincan Island Command, has collaborated with the National Drug Law Enforcement Agency to intercept 8,347 packages of cannabis indica weighing 4,173.5 kilogrammes, with an estimated street value of N16.694bn, at the Tincan Island Port in Lagos.…

Who Supports CLARITY on the US Senate Banking Committee?

The CLARITY Act, the crypto lobby’s long-awaited regulatory framework, is finally headed to a markup session in the United States Senate Banking Committee.It’s been a long road. The bill passed the House of Representatives on July 17, 2025, and has…

Banking sector needs ethical rebirth, says CIBN

The Chartered Institute of Bankers of Nigeria has issued a stern warning to financial institutions regarding the surge in insider-related fraud, calling for an urgent return to ethical standards in recruitment and operations. Speaking at the 2026 Annual General Meeting…

Guinness Nigeria reports N41bn profit

Guinness Nigeria Plc has reaffirmed its focus on sustainable growth, operational efficiency, and corporate transparency following a media engagement session held in Lagos. During the engagement, the company highlighted milestones recorded since the start of its strategic reset initiative, including…

‘Funding alone cannot ensure startup success’

The Managing Director of Whitecrust Finance Limited, Kingsley Eremionkhale, has said access to funding alone is insufficient to guarantee startup success, arguing that resilience, discipline and operational structure are more decisive factors in determining whether early-stage businesses scale sustainably. Eremionkhale…

Telcos invested N2.5tn in networks despite service complaints — NCC

The Nigerian Communications Commission has said mobile network operators and tower companies invested about N2.5tn in network infrastructure and upgrades in 2025 amid growing complaints by Nigerians over dropped calls, slow internet speeds, unstable data services, and network disruptions across…

Ex-Celsius Exec Sentenced to Time Served after Guilty Plea

A US federal judge has sentenced the former chief revenue officer of defunct cryptocurrency lending platform Celsius to time served after almost three years following his arrest on fraud and conspiracy charges.In a sentencing hearing in the US District Court…

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