Friday, October 16

Business

Why Stablecoins and SWIFT May Have to Coexist

Some of the world’s largest remittance providers are accelerating their digital asset strategies as they look for faster settlement alternatives to traditional banking rails.Western Union’s new stablecoin USDPT is the latest example of the growing overlap between traditional payments firms…

‘Vessel fund sustainability depends on repayment plans’

An Assistant Director in the Public Relations Unit at the Abuja Zonal Office of the Nigerian Maritime Administration and Safety Agency, Chika Chukwudi, has stated that the sustainability of the Cabotage Vessels Financing Fund depends entirely on a strong repayment…

2027 election: Experts warn of surge in govt spending

Nigeria’s fiscal consolidation efforts face a “fragile” future as experts warn that the upcoming 2026–2027 election cycle could trigger a massive surge in government spending, potentially undermining recent debt management gains. According to the latest Coronation Economic Note on the…

JPMorgan, Mastercard Make US Treasury Transfer on XRP Ledger

Wall Street bank JPMorgan and credit card giant Mastercard said they have completed the first cross-border, cross-bank redemption of a tokenized US Treasury fund, working with Ripple’s XRP Ledger and interbank settlement rails.The pilot transaction involved blockchain tokenization platform Ondo…

Honeywell-backed foundation expands infrastructure at Ogun varsity

The Oba Otudeko Foundation, Honeywell Group’s social impact vehicle, has delivered a 2,400-square-metre administrative complex at Olabisi Onabanjo University’s main campus in Ago-Iwoye, Ogun State, aimed at strengthening institutional capacity. The facility, now operational, houses key administrative units and is…

DisCos ramp up revenue collection amid low power supply

Electricity distribution companies improved their revenue collection and billing efficiency in February 2026 despite a sharp drop in power supply, according to the latest industry data released by the Nigerian Electricity Regulatory Commission. The commission’s commercial performance fact sheet showed…

ETH Stuck Below .4K Despite Wider Crypto Market Recovery

Key takeaways:A sharp fifty percent drop in exchange activity and decentralized application revenue is stalling Ether price growth.Institutional investor interest in Ether remains under pressure as major holders like Bitmine face billions in unrealized losses. Ether (ETH) has failed to sustain…

Aviation workers halt strike  after NCAA intervention

The Aviation Ground Handlers Association of Nigeria has suspended its planned industrial action over the lingering N9bn debt dispute, following the intervention of the Nigeria Civil Aviation Authority. The association said the strike, earlier scheduled to commence on Thursday (today),…

Amina Adds Trading, Custody Support for Canton Network Token

Swiss crypto bank Amina has added custody and trading support for Canton Coin, becoming the first regulated bank to offer services for the token tied to the Canton Network, an institutional-focused network.In a Wednesday announcement, Amina said clients will gain…

Crypto-Backed Republican Candidate Wins Indiana Congressional Primary

A Republican US House of Representatives member running for reelection has won his party’s primary after crypto-affiliated groups contributed more than $500,000 in supportive media buys.Representative James Baird won Tuesday’s Republican primary for Indiana House District 4 with more than…

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