Thursday, July 2

Business

NCAA threatens tougher sanctions over flight delays

The Nigerian Civil Aviation Authority has signalled plans to introduce tougher sanctions against domestic airlines over repeated flight delays and poor passenger handling, warning that recurrent inefficiencies will no longer be tolerated in the sector. This was announced on Thursday…

UBA surpasses N500bn capital milestone via rights issue

The United Bank for Africa has emerged as the latest lender to meet the new minimum capital requirement set by the Central Bank of Nigeria for banks with international operations, as its share capital crosses the N500bn mark. UBA achieved…

Crypto Traders Turn to Bots in Sideways Markets, HTX Says

Cryptocurrency traders increasingly leaned on automated strategies in 2025 as volatile but largely range-bound markets made directional bets harder to sustain, according to a year-end recap from HTX.The Seychelles-based exchange, formerly known as Huobi, said the trend was most visible in…

Regulators renew cooperation to boost oil investments

The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have renewed efforts to enhance regulatory efficiency and foster investment in the country’s oil and gas sector, signalling a new era of cooperation between the…

BNY Launches Tokenized Bank Deposits for Institutional Clients

BNY, a financial services company that traces its roots back to one of the oldest financial institutions in the United States, launched tokenized bank deposits for its institutional clients on Friday.Tokenized bank deposits are onchain cash balances or depositor claims…

North central states move to domesticate new tax

As Nigeria begins implementing its new tax laws, legislative momentum is building across the North Central region, with Jigawa, Plateau, Kogi, Nasarawa and Kwara States taking concrete steps to domesticate the reforms and strengthen their revenue frameworks. Separate statements from…

Bitcoin, Altcoin Rallies Suppressed By Selling Near Range Highs

Key points:Bitcoin bulls will have to successfully defend the moving averages to increase the possibility of a break above $95,000.Most major altcoins have turned down from their overhead resistance levels, indicating that the bears are active at higher levels.Buyers are…

UK investors drive 65% of Nigeria’s foreign inflows

Nigeria attracted about 65 per cent of its recent foreign capital inflows from United Kingdom investors over the past year, with investments including $7.5m into Babban Gona and $40.5m into Johnvent Industries, the Federal Government has said. The Federal Ministry…

KPMG flags errors, gaps in gazetted tax laws

Nigeria’s newly gazetted tax laws, which became effective on 1 January 2026, contain errors, inconsistencies, gaps, and omissions that could affect businesses and taxpayers, according to a report by KPMG Nigeria. The report reviewed the Nigeria Tax Act and the…

Bitcoin Traders Are Hands-Off Ahead of US Tariff Ruling

Bitcoin (BTC) hovered at $90,000 around Friday’s Wall Street open as markets braced for US trade tariff news.Key points:RIsk-asset traders await news over US trade tariffs, as bets see the Supreme Court striking down the measures.US unemployment data misses expectations,…

Tinubu lauds NGX N100tn milestone, urges Nigerians to invest

President Bola Tinubu has praised corporate Nigeria, citizens, and stakeholders in the Nigerian capital market for helping the Nigerian Exchange surpass the historic N100 trillion market capitalisation milestone, describing it as a signal of a “new economic reality” for the…

Bitcoin Can Hit 5,000 in Weeks Based on RSI Signals, Says Trader

Bitcoin (BTC) can hit $105,000 within weeks as a classic leading indicator stays bullish, says the latest market analysis.Key points:Bitcoin is enjoying bullish RSI signals on multiple timeframes as price action consolidates.A weekly RSI breakout occurred in December and continues…

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