Lagos, Nigeria’s commercial capital, is betting that the country’s chronic electricity shortages can be tackled outside the national grid, scaling up state-backed power generation and distribution after securing 400 megawatts of new supply. The Lagos State Commissioner for Energy and…

The President of the All Farmers Association of Nigeria, Mohammed Magaji, has raised concerns over limited access to agricultural financing, blaming commercial banks for their reluctance to support farmers despite the existence of the Agricultural Credit Guarantee Scheme Fund. Speaking…

Digital asset company Bakkt completed its acquisition of stablecoin infrastructure firm Distributed Technologies Research (DTR) through an equity-based transaction as part of its bid to create a digital settlement layer.Bakkt CEO Akshay Naheta said on Thursday that the deal aims…

UAC of Nigeria (UACN)’s buyout of rival Chivita|Hollandia (CHI Limited) last October helped deliver a 311.4 per cent profit rise for the post-consolidation entity in the first quarter, compared to a year ago, its latest financials showed. The conglomerate, whose…

A technology firm, Crown Softech Ltd, has unveiled an Artificial Intelligence-powered communication platform designed to support electoral processes and business operations. The platform, known as WaFlo, is a “Software-as-a-Service” solution that integrates Meta Business APIs across WhatsApp, Instagram and Messenger…

Bitcoin (BTC) eyed $77,500 on Friday after US stocks posted fresh record highs on strong tech earnings.Key points:Bitcoin continues a rebound after the monthly close as stocks hit record highs.Strong tech earnings propel the S&P 500 over 7,200 points for…

Banking group Guaranty Trust Holding Company’s (GTCO) interest income rose to N458.5 billion from N386 billion, deriving strength from interest earned from loans and advances to customers, which was up by roughly a quarter. The group posted a 15.4 per…

Amid fresh concerns by energy experts that the planned exit of the United Arab Emirates from the Organisation of the Petroleum Exporting Countries may weaken the cartel’s influence on global oil prices and ultimately hurt Nigeria’s revenue outlook, officials of…

Tokyo-based SBI Holdings has opened talks to acquire shares in cryptocurrency exchange Bitbank and make it a consolidated subsidiary, extending its push to consolidate regulated crypto trading platforms in Japan as the country moves toward securities-style rules for digital assets.The…

President Bola Tinubu has approved the removal of Saidu Mohammed as the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The development was disclosed in a statement issued on Wednesday by the President’s spokesperson, Bayo Onanuga.…

Presco Plc has announced its audited financial results for the year ended December 31, 2025, alongside unaudited results for the first quarter ended March 31, 2026, reporting strong growth across key financial metrics driven by operational expansion and a strengthened…

The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could now move closer to becoming law after new stablecoin yield provisions were published, according to Coinbase chief legal officer Faryar Shirzad.“It’s time to…

Oil driller Oando Plc said Wednesday it is on course to secure regulators’ nod for its planned share sale to shareholders, through which it is looking to sell 4.4 billion ordinary shares at N50 per unit on the basis of…

The Federal High Court sitting in Port Harcourt has nullified a shareholders’ meeting held by Springview International Logistics Limited. The meeting sought to approve the sale of its majority stake in a significant offshore vessel, MV Wariboko (now ADNOC AB03,…

Brazil’s central bank, Banco Central do Brasil (BCB), has barred the use of virtual assets in certain regulated international payment and transfer services, tightening rules for cross-border payment providers operating under the country’s eFX framework.On Thursday, BCB published Resolution BCB…