Wednesday, July 1

Business

Taiwan Lawmakers Pass First Crypto, Stablecoin Laws

Taiwanese lawmakers on Tuesday passed a law to establish a regulatory framework for crypto, which includes licensing and rules for stablecoins.The country’s financial watchdog, the Financial Supervisory Commission (FSC), said that the Legislative Yuan passed…

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BTC-To-Gold Ratio Hits New Lows As Gold Rally Continues

Gold’s record-breaking rally inadvertently put pressure on Bitcoin’s allure, but analysts say historical data shows BTC eventually starts a catch-up rally.Bitcoin’s (BTC) relative performance against gold has weakened sharply, but several analysts argue that this setup remains a long-term investment…

International Breweries appoints new MD

International Breweries Plc has appointed Nicholas Kade as its new Managing Director, effective 1 March 2026, following the transition of Carlos Coutino to a leadership role at parent company Anheuser-Busch InBev. In a statement on Tuesday, IBPLC said Coutino, who…

Bitcoin ‘Strong Support’ Gets a Macro Boost From Trump WEF Speech

Bitcoin (BTC) sought a $90,000 reclaim around Wednesday’s Wall Street open as US President Donald Trump pledged to sign pro-crypto legislation.Key points:US President Donald Trump breathes modest gains into BTC price action with his World Economic Forum speech.Pro-crypto legislation is…

IMF pushes for stronger public finances

The International Monetary Fund has called on governments to rebuild fiscal capacity and keep public debt under control as spending pressures rise. In its 13-page World Economic Outlook update, published on Monday, the Fund urged countries to pursue medium-term fiscal…

First FTX-Linked Exec to be Released from Prison Today

Caroline Ellison, the former CEO of Alameda Research, is scheduled for release from federal custody after serving 440 days of a two-year sentence.According to inmate records with the Federal Bureau of Prisons, Ellison is expected to be released from the…

Seplat Energy commences gas production from ANOH project

Seplat Energy Plc, a Nigerian independent energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has commenced gas production from its 300 MMcfd ANOH gas project. The project began supplying gas to Indorama Petrochemical Plant following…

Ripio CEO Bets on Local Stablecoins in Latin America

Argentine exchange Ripio is leaning into local currency stablecoins and tokenized bonds as CEO Sebastián Serrano braces for what he expects to be a “lateralized” or down year for crypto in 2026 — but a decade-long boom for stablecoins. Founded in…

NGX recovers, adds N93bn to market capitalisation

Stocks closed higher on Tuesday as the Nigerian Exchange reversed losses from the previous session, with market capitalisation rising by N93.48bn to N106.44tn from N106.34tn on Monday. The All-Share Index also edged up by 144.33 points, or 0.09 per cent,…

Spot Bitcoin and Ether ETFs See Heavy Outflows Amid Macro Uncertainty

Spot Bitcoin and Ether exchange-traded funds (ETFs) faced heavy outflow on Tuesday, as macroeconomic and geopolitical uncertainty continue to weigh on markets. Spot Bitcoin (BTC) ETFs recorded $483.4 million in daily outflows, with the Grayscale Bitcoin Trust ETF (GBTC) leading…

Numoni introduces rewards to boost consumer spending

In a move to reshape how Nigerians engage with digital wallets and loyalty programmes, Numoni has launched a new rewards system that delivers value to users before they spend, rather than after, as is common with traditional cashback or loyalty…

Trade Finance Is The Biggest Opportunity In Blockchain

Opinion by: Billy Sebell, executive director at XDC FoundationIn just over a decade, blockchain technology has rewritten the rulebook for global finance, bringing transparency, speed and access to financial markets. It has clearly established its worth in digital assets, decentralized…

Rotarian Ijeoma bags Martin Luther King Legacy award

Trustee of The Rotary Foundation, Rotarian Ijeoma Pearl Okoro, has been named a recipient of the 2026 Martin Luther King Legacy Award for Global Leadership and Humanitarian Impact, in recognition of her outstanding service, leadership, and contribution to global development.…

FG, employers clash over proposed NSITF levy hike

The Federal Government and employers in the private sector may be at loggerheads over the proposed increase in the Nigeria Social Insurance Trust Fund employee compensation levy, The PUNCH reports. This is even as employers warned that any further increase…

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