Sunday, June 21

Business

Tinubu speaks on power sector challenges, pledges reforms

President Bola Tinubu has defended his administration’s economic and power sector reforms, saying access to reliable electricity remains a “democratic dividend” that every Nigerian deserves. In his Democracy Day address to Nigerians on Friday, Mr Tinubu acknowledged the persistent challenges…

Tokenized Stocks to Win Big on SEC Rule Rescission

The US Securities and Exchange Commission proposal to rescind rules around order protections and price quotes could remove a major legal barrier for tokenized US stocks.The SEC on Thursday proposed to scrap two rules in its national market system regulations.…

Coinbase Tool Lets AI Agents Trade Crypto, Make Payments

Crypto exchange Coinbase has launched a tool that allows artificial intelligence agents to make payments and trade crypto on behalf of users, as crypto companies look to ride a wave of interest in AI.Coinbase said Thursday that it is launching…

Shell attributes rising gas output to pricing reforms

Shell Nigeria Gas has attributed the growth in domestic gas production and investment to reforms that introduced clearer pricing frameworks and reduced policy uncertainty in the sector. The company stated this at the second business forum of the Association of…

LG Electronics, Arbitrum Launch Blockchain Ad Network

South Korean tech giant LG Electronics is working with the Ethereum layer-2 network Arbitrum to build a blockchain-based advertising network aimed at serving the digital ad industry. Arbitrum would give advertisers and publishers a shared database of ad inventory and track…

N279bn petrol cargoes arrive amid Dangote-NNPC legal battle

Six vessels carrying approximately 212.7 million litres of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel), valued at nearly N279bn at Dangote Petroleum Refinery’s current gantry prices, are arriving at Nigerian ports this week. This is even as the…

Congress Proposes DOJ Task Force for Crypto Theft Probes

US lawmakers have introduced legislation that would create a Department of Justice-led task force to coordinate investigations into cryptocurrency theft, scams and other digital asset-related crimes across federal, state and local law enforcement agencies.Under the proposal, the Justice Department would…

AI can’t replace humans in brand building – Obaje

Renowned for building household brands to shaping Africa’s digital marketplace, Jiji Africa’s Head of Marketing and PR, Majolie Obaje, shares insights on innovation, consumer behaviour, leadership, AI, and the future of marketing in this interview with GODWIN AIKIGBE Can you…

Ripple and Bitso Bring MXNB Stablecoin to XRP Ledger

Bitso is expanding its payments partnership with Ripple by bringing its Mexican peso-backed MXNB stablecoin onto the XRP Ledger, where it will be used alongside Ripple USD (RLUSD) to support enterprise cross-border settlement between the United States and Mexico.Mexico City-based…

LCCI, NASD rally SMEs on capital market funding

The Lagos Chamber of Commerce and Industry, in collaboration with NASD Plc, has hosted a stakeholders’ forum in a bid to expose Small and Medium Enterprises to alternative sources of medium- and long-term financing in Lagos. The forum, themed ‘Financing…

Archax Unveils Real-Time Cash Flows for Tokenized Securities on Hedera

Archax has introduced real-time yield payments on Hedera, enabling interest generated by tokenized securities to be distributed continuously in USDC.The system allows interest payments to update automatically as tokenized securities move between wallets. According to Archax, cash flows are transferred…

NGX marks World Environment Day with Lagos cleanup exercise

The Nigerian Exchange Group has reinforced its commitment to environmental sustainability through a community cleanup exercise at Marina, Lagos, to commemorate World Environment Day 2026. The exercise was held in partnership with the Lagos State Waste Management Authority and the…

Can the AI Token Rally Further?

BEAT, the native token of AI music platform Audiera, has exploded higher over the past month, surging more than 1,500% to a record high of $9.20 even as Bitcoin (BTC) and Ether (ETH) fell roughly 25% and 30%, respectively, in…

Tax reforms must protect taxpayers – RMAFC

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Dr Mohammed Shehu, has said ongoing tax and revenue reforms must protect taxpayers while ensuring equitable revenue allocation across all tiers of government. Shehu stated this while receiving a delegation…

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