Saturday, December 6

Business

Google pledges N3bn to boost Nigeria’s AI capacity

Google, via its charitable arm Google.org, on Friday pledged N3bn to Nigeria to accelerate the nation’s digital transformation, directing funds toward artificial-intelligence training and measures to make its booming online environment safer. The initiative, announced at a press conference in…

CBN approves Abiagam as Coronation Merchant Bank CEO

Coronation Merchant Bank has announced the appointment of Mr Paul Abiagam as Managing Director and Chief Executive Officer, effective 1 December 2025, following approval from the Central Bank of Nigeria. It said in a statement on Friday that the confirmation…

Bitcoin ‘Risk-Reward’ Setup Similar to COVID: Analyst

Bitcoin may have significant upside from here as its current price appears to be out of step with the forward macroeconomic outlook, according to a crypto researcher.“The last time I saw such an asymmetric risk-reward was during COVID,” Bitwise Europe…

Nigeria exports .57bn crude to US, highest in Africa

Nigeria shipped crude oil worth $2.57bn to the United States between January and August 2025, making it the single largest African supplier of crude to the American market within the period, based on new US Census Bureau import data. An…

UK Expands Crypto Reporting Rules as Global Tax Oversight Tightens

The United Kingdom will require domestic crypto platforms to report all transactions from UK-resident users starting in 2026, expanding the scope of the Cryptoasset Reporting Framework (CARF).The change will give His Majesty’s Revenue and Customs (HMRC) — the UK’s tax…

Africa should rely more on private capital – Minister

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has warned that Africa’s rising debt costs and shrinking development aid have left the continent with little choice but to depend more on private capital and regional investment.…

CoinShares Unexpectedly Withdraws Staked SOL ETF Application

Asset manager CoinShares withdrew its Securities and Exchange Commission (SEC) application for a staked Solana exchange-traded fund (ETF) on Friday.The structuring deal and asset purchase behind the proposed fund were never completed, according to the SEC filing, which states:“The Registration…

Access Holdings to raise N40bn via private placement

Access Holdings, the parent company of Access Bank, is set to seek shareholders’ approval to raise about N40bn via private placement. This plan was disclosed in a corporate filing on the Nigerian Exchange Limited on Thursday, indicating that a virtual…

Cornerstone Insurance bags innovative award

Cornerstone Insurance Plc has won the award for Nigeria’s Most Innovative Insurance Company for 2025 at the Finance and Online Publication Association Awards. In a statement made available to The PUNCH, the company said the award recognises its continuous commitment…

Cathie Wood’s ARK Sticks To .5M Bitcoin Target, Predicts Market Recovery

This week, cryptocurrency markets staged a long-awaited recovery, following four consecutive weeks of downside momentum.Bitcoin’s (BTC) price reclaimed the $90,000 psychological mark on Wednesday, bringing some much-needed relief for Bitcoin exchange-traded fund (ETF) holders, who were once again back in…

BIC celebrates 50 years of BIC 1 Razor

BIC has marked the 50th anniversary of its iconic BIC 1 razor, celebrating innovation and consumer trust in Nigeria’s market. In a statement, the company described the milestone as a rare achievement in global consumer goods, noting that the single-piece…

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