Hungary is set to decriminalize crypto trading, reversing restrictions that imposed potential jail terms for certain crypto-to-fiat and crypto-to-crypto transactions, according to Tisza government spokesperson Anita Köböl. Speaking at a Thursday press conference, Köböl said Hungary would unwind rules introduced last…

Nigeria’s crude oil production topped its Organisation of the Petroleum Exporting Countries (OPEC) quota in May, reaching its pinnacle in 15 months and cementing its position as Africa’s leading oil producer. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed…

The Federal Government on Wednesday launched Rev360, a digital tax administration platform designed to improve tax compliance, simplify taxpayer interactions and strengthen revenue collection as part of ongoing reforms to modernise Nigeria’s tax system. The platform was unveiled at the…

Cross-border payout platform MassPay and Coinbase announced a partnership on Thursday to offer stablecoin cross-border payouts.The partnership connects MassPay’s network in 180 countries with the US-based exchange’s crypto infrastructure, allowing customers to move between fiat, USDC and other digital assets,…

Rising food prices may soon top energy costs as the chief driver of inflation across emerging markets, with African economies likely to be worst hit, according to a new report by S&P Global Ratings. “Food prices are likely to start…

Nigeria’s crude oil production rose above its Organisation of the Petroleum Exporting Countries production quota in May 2026, with the country recording its highest crude output in 15 months amid improved operational stability and the absence of major disruptions across…

Large financial institutions are turning to tokenization to improve capital efficiency and liquidity, according to representatives from Franklin Templeton and BNP Paribas.Speaking at a panel at the WAIB Summit 2026 in Monaco, industry executives discussed how tokenized assets and stablecoins…

Access Holdings Plc has announced the appointment of Sa’adu Jijji as the CEO of Access ARM Pensions, and Abiodun Adigun as the managing director of Oxygen X Finance Company Limited, the group’s digital lending subsidiary. The appointments have received the…

The Women in Leadership Advancement Network, in coalition with Women in Management, Business and Public Service, Women in Successful Careers, and the Nigeria Governors Forum, recently convened the Women in Leadership Cross-Sector Convening in Abuja. A statement from the partners…

Bitcoin (BTC) returned to $63,000 on Thursday as crypto shook off news that Iran had closed a key global oil route.Key points:Bitcoin sees volatility but hits intraday highs despite surging US inflation and another Strait of Hormuz closure.Oil rebounds as…

The Governor of Lagos State, Babajide Sanwo-Olu, has announced that development work on Phase 2 of the Lekki Port project will commence soon, reinforcing the state’s ambition to deepen its position as West Africa’s leading maritime and logistics hub. According…

Digital Asset Holdings has raised $355 million in a new round led by Andreessen Horowitz’s crypto arm, highlighting Wall Street’s accelerating push into permissioned blockchain infrastructure.A16z crypto contributed $100 million, alongside 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities and…

The Auditor-General for the Federation, Dr Shaakaa Chira, has raised concerns over persistent weaknesses in accountability and financial management across government institutions, citing weak internal controls, capacity gaps and delays in responding to audit observations by some Ministries, Departments and…

New artificial intelligence (AI) models have shifted the cybersecurity playing field in favor of attackers, causing a “vulnerability apocalypse” that led to the resurgence in decentralized finance (DeFi) hacks, according to Mitchell Amador, the CEO of bug bounty platform Immunefi.The…

Fresh security concerns have emerged in Nigeria’s aviation sector after a privately operated aircraft that reportedly landed on a roadway near Asaba, Delta State, subsequently departed the location and returned to Lagos without obtaining regulatory approval. The Nigeria Civil Aviation…