Wednesday, July 1

Business

Economic stabilisation still fragile, ICAN warns

Nigeria’s economy is showing early signs of stabilisation, but progress remains fragile, the Institute of Chartered Accountants of Nigeria said on Wednesday, emphasising that accountability will be critical to sustaining fiscal reforms and national development. The event, ICAN’s 2026 Economic…

US Senator Hints Crypto Market Structure Bill May Be Delayed

The debate over DeFi and stablecoin reward provisions in the CLARITY Act is at risk of holding the bill back as banking and crypto stakeholders push competing agendas.US Senator Cynthia Lummis reportedly expects the US Senate Banking Committee to delay…

NGX RegCo confirms UBA’s 3.16bn share listing

The Nigerian Exchange Regulation has confirmed the admission of an additional 3.16 billion ordinary shares of United Bank for Africa Plc to the Daily Official List of the local bourse. In the confirmatory letter dated 12 January, which was signed…

Coinbase Withdraws Support For Crypto Market Structure Bill

Major US crypto exchange Coinbase says it has withdrawn its support for the Digital Asset Market Clarity Act, with CEO Brian Armstrong arguing that it would cause far more harm than good to the crypto industry in its current form.“This…

FG bars signature bonus refund as oil reforms continue

The Federal Government has warned prospective investors in the 2025 oil licensing round that any errors, miscalculations, or disappointments arising from the bidding process will be borne entirely by the companies involved, stressing that there will be no refunds of…

Sui Blockchain Recovers From 6-Hour Network Outage

Despite a fix from Sui core developers, the Sui Foundation has not provided details on what triggered the network outage.The layer-1 Sui blockchain is back online and “fully operational” after a six-hour network outage stalled transactions on the high-speed network.“Transactions…

NEITI confirms historic N6tn FAAC disbursements

Nigeria recorded its highest-ever Federation Account Allocation Committee disbursements in the third quarter of 2025, with a total of N6tn shared among the three tiers of government, the Nigerian Extractive Industries Transparency Initiative has said. In its Quarterly Review for…

Bitcoin Rally To 5K Unlikely Due To Global Socioeconomic Factors

Key takeaways:Bitcoin’s move above $97,000 lacks confirmation in derivatives markets, with the options skew signaling caution toward any sustained rally.Geopolitical risks, falling treasury yields, and weakening equities reinforce a risk-off setting that continues to limit Bitcoin’s upside.Bitcoin (BTC) price surged…

Oil prices hit /barrel amid drone attacks in Russia

Global oil prices surged on Tuesday as markets reacted to escalating drone attacks on Russia’s Novorossiysk terminal, which handles about two per cent of global daily oil supply, according to a report by Oilprice.com. Brent crude rose from $63 per…

FSI celebrates six years of driving Africa’s innovation

Financial Services Innovators has marked its sixth anniversary, highlighting years of fostering innovation, developing talent, and supporting startups across Africa. Since its founding in 2019, FSI has focused on bridging the gap between technology, practical skills, and enterprise growth, with…

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