Friday, October 16

Business

OPEC+ hikes oil production quotas, silent on UAE pull-out

Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates. The seven major producers will…

NY Forces Uphold to Pay M Over Fraudulent Crypto Product

New York Attorney General Letitia James has secured more than $5 million from cryptocurrency platform Uphold over its role in promoting a fraudulent investment product.The settlement centers around Uphold’s promotion of CredEarn, a product offered by Cred, LLC and its…

NGX revenue jumps as trading activity boosts earnings

Nigerian Exchange Group Plc said first-quarter revenue more than doubled as increased trading activity and stronger investment income boosted earnings at Nigeria’s bourse operator. Revenue climbed 103 per cent to N7.22bn in the three months ended March 31, from N3.56bn…

Edo tackles fake farmers, expands agric engagement

Edo State Commissioner for Agriculture and Food Security, Dr Jerry Uwangue, has said the recent field engagement was designed to interface with genuine farmers and eradicate the era of “political farmers.” Speaking recently in Benin, he told Sunday PUNCH that…

Bitcoin Posts Strongest Monthly Gain In 12 months In April

Bitcoin has posted its best-performing month in a year, prompting analysts to forecast what could lie ahead for May, which has historically delivered returns of about 8%.“Long way to go back to ATHs, but good to see some green,” Coin…

VFD Group profit hits N5.19bn

VFD Group Plc, a principal investment company listed on the Nigerian Exchange, has reported a significant surge in its financial performance for the first quarter ended March 31, 2026. The Group’s unaudited financial statements reveal a transition into a high-growth…

UK varsity alumni rally support for Nigeria’s devt

Graduates of the University of Leicester have mobilised their network to support Nigeria’s development agenda following the official launch of the institution’s Nigerian alumni chapter in Abuja. The chapter, registered with the Corporate Affairs Commission in January, was inaugurated at…

Power crisis: Stakeholders push renewable energy

Fresh insights into global developments in the renewable energy sector formed the focal point of the recent stakeholder engagement in Ibadan, the Oyo State capital. The insights were shared at a training, organised and facilitated by Nexgen Energy Hub, Ibadan,…

Linux Copy Fail: ‘A Trivially Exploitable Bug’

A newly discovered vulnerability could affect most open-source major Linux distributions released since 2017, according to security researchers. The flaw, titled “Copy Fail,” caught the attention of the US Cybersecurity and Infrastructure Agency (CISA), who added it to the Known Exploited…

Bitget partners firm to connect Web3 learners with jobs

Bitget and Bondex are in partnership to connect Web3 learners with global jobs as “a bridge the industry’s been missing”. Ignacio Palomera, Co-Founder of Bondex, said in a statement on Tuesday, “Most young people trying to break into Web3 hit…

Fashola honours insurance exco at book launch

Former Lagos State Governor Babatunde Fashola, SAN, was among the prominent Nigerians who on Tuesday gathered at the Nigerian Institute of International Affairs Auditorium, Lagos, to honour the memory of late insurance executive and education advocate Olawale Banmore during a…

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