Thursday, July 2

Business

Ripple Gains UK Regulatory Approval Via Local Arm

Cryptocurrency company Ripple is expanding its regulatory footprint after securing authorization from the United Kingdom’s Financial Conduct Authority (FCA).The FCA granted Ripple’s UK subsidiary, Ripple Markets UK, an Electronic Money Institution (EMI) registration and registered it under the UK’s Money…

Petrol to hover around N905/litre this year – CBN

The Central Bank of Nigeria has projected that the pump price of petrol would hover around N950 per litre in the year 2026. The CBN stated this in its 2026 Macroeconomic Outlook for Nigeria. In its outlook for the domestic…

Visa-Linked Stablecoin Firm Rain Valued Above .9B

Rain, a US stablecoin infrastructure provider and a principal member of the Visa payment network, has secured major funding to expand its global presence.The platform raised $250 million in a Series C funding round led by the global investment firm…

JUST IN: Dangote drags ex-NMDPRA boss to EFCC over corruption claims

The Chairman of Dangote Industries, Aliko Dangote, through his legal representative, has filed a formal corruption petition against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, at the headquarters of the Economic and…

FG earmarks N1.7tn in 2026 budget for unpaid contractors

The Federal Government has budgeted the sum of N1.7tn in the 2026 Appropriation Bill to settle outstanding debts owed to contractors for capital projects executed in 2024. A breakdown of the proposed 2026 national budget shows that the amount is…

Babylon Code Vulnerability Risks Block Production Slowdown

A newly disclosed software flaw in the Bitcoin staking protocol Babylon may allow malicious validators to disrupt parts of the network’s consensus process, potentially slowing block production during key periods, according to developers.The vulnerability affects Babylon’s block signature scheme, known…

Customs boss urges intelligence focus in operations

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, on Monday charged officers of the Customs Intelligence Unit to place intelligence at the centre of their professional conduct. This is even as he advised that no modern security or revenue…

Bitcoin, Ether ETFs See January Outflows After Early-Year Rebound

United States spot Bitcoin and Ether exchange-traded funds (ETFs) shed over $1 billion in combined outflows since Tuesday, marking an early-year pullback after a brief rebound to start 2026. SoSoValue data shows spot Bitcoin (BTC) ETFs recorded roughly $1.13 billion in…

FG, IFAD to empower 14,800 Ondo youths in agriculture

The Federal Government, in partnership with the International Fund for Agricultural Development and the Ondo State Government, is set to empower a total of 14,800 youths in agricultural production. The programme, tagged IFAD/FG/Livelihood Improvement Family Enterprise-Niger Delta Project, will take…

Jigawa joins states in race to domesticate new tax reforms

Jigawa State has aligned with other Nigerian states to domesticate Nigeria’s tax reform laws, following the passage of the Harmonised Taxes and Levies Bill, as the country begins the implementation its new tax regime in 2026. This is coming after…

Cavista targets sustainable value, expansion in 2026

Cavista Holdings has reaffirmed its commitment to long-term investment, sustainable value creation, and community development across Nigeria and Africa as the company enters 2026. In a New Year message, Chairman of Cavista Holdings, Niyi Olajide, stated that the group would…

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