Friday, October 16

Business

Reps urge FG to address rising aviation fuel costs

The House of Representatives has called on the Federal Government to urgently intervene in the rising cost of aviation fuel, warning that domestic airlines are under severe financial pressure. The resolution followed the adoption of a motion of urgent public…

Binance Changes Off-Hours Pricing for Commodity Perpetual Futures

Binance will change how it calculates benchmark prices for commodity-based perpetual futures during off-hours, a move that could affect margin and liquidation levels during weekends, holidays and maintenance periods, according to an exchange notice published Tuesday. The update will take…

DisCos lost N8bn revenue in February, says NERC

Nigeria’s electricity distribution companies recorded a paradoxical performance in February 2026, as improved efficiency metrics failed to translate into stronger revenues, exposing lingering weaknesses in the power sector’s commercial framework. A new commercial performance factsheet released by the Nigerian Electricity…

Innovation City Launches Blockchain Business ID System in UAE

Innovation City, a Ras Al Khaimah-based free zone focused on artificial intelligence and Web3, has launched what it claims is the first blockchain-based digital business identity system.According to a Monday release shared with Cointelegraph, every company registered in Innovation City…

Zenith Bank appoints Mustafa Bello as Jim Ovia retires

Zenith Bank Plc has appointed Mustafa Bello as its new Group Chairman as the bank’s founder and former Group Chairman, Jim Ovia, retires. The bank disclosed the leadership transition in a statement signed by its secretary, Michael Otu, on Tuesday,…

Spot Bitcoin ETFs See 2M Inflows as BTC Reclaims K

US spot Bitcoin ETFs recorded $532.21 million in net inflows on Monday as Bitcoin pushed back above the $80,000 mark amid improving risk sentiment following the ceasefire agreement between the US and Iran.BlackRock’s iShares Bitcoin Trust (IBIT) led the pack…

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