Friday, October 16

Business

FCMB appoints Adebajo as Independent Non-Executive Director

FCMB Group Plc has appointed the former Chief Executive Officer at Lafarge Africa Plc, Adepeju Adebajo, as an Independent Non-Executive Director on its board. The group disclosed the appointment in a statement posted on NGX and signed by its secretary,…

How AI Became Crypto’s Favorite Reason to Cut Staff

Coinbase became the latest crypto company to cut its workforce on Tuesday, as a wave of layoffs sweeps through an industry navigating a down market and the pressure to embrace AI.CEO Brian Armstrong said the company is using AI to…

Australian Police Seize .1M of Bitcoin in Major Darknet Bust

Cybercrime detectives in Australia seized 52 Bitcoin valued at 5.7 million Australian dollars ($4.1 million) in what they said is one of Australia’s largest crackdowns on an illegal darknet marketplace using cryptocurrency. Strike Force Andalusia, a division of the State Crime…

What Happened in Crypto Legal News this Week

Alex Mashinsky will be representing himself as Celsius executive prepares for sentencingOn Wednesday, lawyers representing Alex Mashinsky moved to withdraw as attorneys in the case, saying that the former Celsius CEO would be “proceeding pro se” — representing himself in…

Too many African businesses built on founders, not systems, CEOs warn 

Business leaders and strategists have raised the alarm over the fragile foundations of many African enterprises, warning that the continent’s growing wave of business innovation could collapse without deliberate succession planning, governance structures and cross-industry collaboration. The warning came at…

FG begins power debt repayment, says Transcorp CEO

The President/Group Chief Executive Officer of Transnational Corporation Plc, Owen Omogiafo, has said the Federal Government has commenced repayment of longstanding debts owed to power generation companies, describing the move as the most significant progress yet in resolving liquidity challenges…

US Senator Questions Mark Zuckerberg on Meta’s Stablecoin Plans

Massachusetts Senator Elizabeth Warren called on Meta CEO Mark Zuckerberg to answer questions about the company’s stablecoin integration in 2026, signaling concerns about guardrails.In a Wednesday letter to Zuckerberg, Warren said Meta’s lack of transparency regarding its stablecoin was “deeply…

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