Saturday, October 17

Business

Capital, trust, tech to drive SME growth – Regent MfB CEO

The Managing Director of Regent Microfinance Bank, Idris Olugbesan, has emphasised that the future of Small and Medium-scale Enterprises in Nigeria will depend largely on three critical factors, including access to capital, trust within the financial ecosystem, and the strategic…

US Senate Bans Members, Staff from Prediction Markets

The US Senate on Thursday unanimously approved a resolution banning its members and staff, who are often exposed to sensitive information, from using prediction markets.The resolution, passed by unanimous consent, changed the Senate’s rules and took immediate effect. “Engaging in any…

Firms renew pact to drive women empowerment

AXA Mansard Insurance Plc has announced the renewal of its strategic partnership with the fintech platform. Herconomy, signalling a deepened commitment to fostering financial inclusion and accelerating economic growth for women across Nigeria. The collaboration will see the leading insurer…

Mining Stocks Outperform Bitcoin in 2026 Amid AI Pivot

Publicly traded crypto mining companies are posting strong gains in 2026, even as the broader crypto market remains under pressure.All ten of the largest publicly traded mining stocks are in positive territory year-to-date (YTD), with gains ranging from around 5%…

East Africa attracts .1bn investment amid reforms

East Africa has successfully attracted US$4.1bn in investments between 2021 and 2025, a milestone attributed to aggressive capital market reforms and foreign exchange liberalisation across the region. The data was unveiled at the ongoing 22nd Annual AVCA Conference & VC…

RWA Tokenization Boom Drives 420% Market Cap Surge

The size of the tokenized real-world asset (RWA) market has increased by more than 420% since the start of 2025, as investors were treated to easier market access and regulatory clarity, according to analysts. The RWA market cap was about…

NEPC boss ties export future to female entrepreneurs

Nigeria’s ambition to expand its footprint in global trade may depend heavily on women entrepreneurs, the Executive Director and Chief Executive Officer of the Nigerian Export Promotion Council, Nonye Ayeni, has said. Ayeni stated this in Abuja on Tuesday during…

Firms return to profit despite policy shifts – Report

The Independent Media and Policy Initiative has said recent economic reforms have coincided with improved revenue performance among companies in Nigeria’s real sector. In a policy brief signed by its Chairman, Omoniyi Akinsiju, the group stated that firms in productive…

A16z Backs CFTC in Fight Against State Prediction Market Bans

A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket.The venture capital heavyweight submitted the letter on…

W’Bank commits .2bn to Africa’s power supply

The World Bank Group has committed $8.2bn to expand electricity access across Sub-Saharan Africa as part of a broader push to tackle one of the region’s most persistent development challenges, with nearly 600 million people still living without power. The…

Carrot’s TVL Collapses 93% in a Month Following Drift Hack

Solana-based decentralized finance yield protocol Carrot said Thursday that it is shutting down permanently, becoming one of the first DeFi protocols to fall due to contagion from the Drift Protocol exploit in early April. In an X post on Thursday, Carrot…

Court stops telcos from suspending airtime credit services

Millions of Nigerian telecom subscribers may soon regain access to airtime and data credit services after separate Federal High Court orders in Abuja and Lagos restrained enforcement actions tied to digital lending regulations. The Federal High Court in Abuja, in…

Bitcoiners Launch AI-Powered Bitcoin FUD-Fighting Database

A group of Bitcoiners has launched a new open-source AI tool that generates evidence-based responses to misconceptions about Bitcoin’s environmental impact, energy use and its role in the financial system. Nordic-based Bitcoin education platform Bitcoin Beyond 66 said it built “The…

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