Sunday, December 7

Business

CME Halts Trading for Several Hours Before Restoring Service

The Chicago Mercantile Exchange (CME), the world’s largest financial derivatives exchange, halted trading for about 10 hours from Thursday into Friday, causing an outcry from traders before service was restored.Trading halted due to a “cooling issue” at the CyrusOne data…

Business leaders reject proposed beverage tax hike

Members of the Organised Private Sector of Nigeria have asked the Federal Government to withdraw the proposed amendment to the Customs, Excise and Tariff Bill, warning that it could undermine President Bola Tinubu’s fiscal reform agenda and further fracture Nigeria’s…

The Truth Behind Canton’s Tokenomics

The blockchain ecosystem is home to several highly successful smart contract protocols, which makes the arrival of newcomers highly competitive.Canton Network is one of the newest ‘next generation layer one’ to vie for users and capital from incumbents like Ethereum…

Dangote to triple fertiliser output, begins .5bn Ethiopia plant

The Dangote Group has announced a wave of major technical partnerships aimed at propelling a sweeping expansion of its fertiliser operations in Nigeria and supporting the development of a new multi-billion-dollar fertiliser plant in Ethiopia. A statement issued by the…

Uzbekistan Approves Stablecoins for Payments in New Sandbox

Uzbekistan is moving to bring stablecoins into its formal payment system, starting with a tightly controlled development sandbox, according to local media.According to a Friday report by local news outlet Kun, Uzbekistan’s new stablecoin regulatory framework will come into force…

TTP confirms N4.2bn investment in electronic call-up system

The management of the Truck Transit Park Limited said the company invested between N3.8 to N4.2bn in setting up the electronic call-up system between 2021 till date. Co-Founder and Chief Executive Officer of TTP, Mr Jama Onwubuariri, stated this on…

13 Years Since Bitcoin’s First Halving: Mining In 2025

Thirteen years ago today, Bitcoin experienced its first halving event, reducing the miner block reward from the original 50 BTC to 25 BTC.Now, with Bitcoin (BTC) having completed four halving events and block rewards standing at just 3.125 BTC, the…

CSCS goes live with T+2 settlement cycle

The Central Securities Clearing System Plc has officially implemented the T+2 settlement cycle in the Nigerian capital market, effective today, Friday, 28 November 2025. A statement from the CSCS indicated that this transition from the long-standing T+3 cycle marks a…

Tether Pauses Bitcoin Mining In Uruguay Over Rising Costs

Tether, issuer of USDT, the world’s largest stablecoin, has halted Bitcoin mining operations in Uruguay because of rising energy costs.“We can confirm that we have paused operations in Uruguay,” a Tether spokesperson told Cointelegraph on Friday, adding that the company…

Entrepreneur leads transformative masterclass at global retreat

Renowned Nigerian beauty entrepreneur and founder of Chiniella Beauty and Varda Beauty, Chineye Otabil, delivered a highly engaging masterclass at the 2025 Aegis Global Women’s Retreat at The Tawny, United Kingdom. A statement by Chiniella Beauty and Varda Beauty said…

Bitcoin Analysts Say This Must Happen for BTC Price to Break K

Bitcoin’s (BTC) relief rally to $91,000 appears to be cooling, but analysts say the short-term trend for BTC “remains up.” Key takeaways:Bitcoin must next take out immediate resistance between $92,000 and $95,000.Spot volume and trading activity must recover to lift BTC…

ICSAN seeks support for secretariat project

The President and Chairman of the Governing Council of the Chartered Institute of Secretaries and Administrators of Nigeria, Mrs Uto Ukpanah, has appealed to members and friends of the council to support the completion of the institute’s National Secretariat project…

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