Saturday, October 17

Business

EU Tokenization Companies Urge Fixes to DLT Pilot Rules

A group of European tokenization operators has urged EU policymakers to swiftly amend the bloc’s DLT Pilot Regime, warning that current asset limits, volume caps and time-limited licenses are preventing regulated onchain markets from scaling as the United States advances…

First HoldCo earning drops 93% to N45bn

First HoldCo has reported a full-year profit of N44.98bn for the 2025 financial year, representing a 93.4 per cent decline from the N677.01bn profit recorded in 2024, even as the financial services group slipped into a loss of N405.89bn in…

Gemini To Exit UK, EU, and Australia To Focus on Business in US

Crypto exchange Gemini announced its exit from the United Kingdom, European Union and Australia markets on Thursday, as the company slashed its workforce by 25%. Gemini cited artificial intelligence automating labor and making engineers “100x” more efficient, and a more challenging…

How Nigeria can turn gas into power, industry, economic growth

Experts and top government officials have offered insights on how Nigeria can convert its gas reserves into reliable electricity supply and broad-based economic growth. This conversation comes against the backdrop of the recently launched Gas Master Plan by the Nigerian…

Open banking roadmap coming  in three months — CBN

The Central Bank of Nigeria will issue an implementation roadmap for Open Banking within three months, aiming to bridge technical gaps in the country’s financial ecosystem. This was disclosed in the newly released CBN Fintech Report 2025, which captured activities…

Stanbic IBTC reports N381bn revenue

Stanbic IBTC Holdings Plc has recorded a strong financial performance for the year ended 31 December 2025, posting a group profit of N381bn, up 68 per cent from the N225.3bn recorded in 2024. In its annual statements of profit or…

House Probes Trump-Linked Crypto Firm Over UAE Investment

World Liberty Financial (WLFI), a crypto company linked to US President Donald Trump’s family, is facing scrutiny from House Democrats over a reported $500 million investment by an entity linked to an Abu Dhabi royal in the UAE.California Representative Ro…

CardinalStone raises N12.63bn in Series 1 infrastructure financing

CardinalStone Asset Management Limited has closed Series 1 of the CardinalStone Infrastructure Debt Fund, securing N12.63bn in investor commitments. According to a statement from the firm on Wednesday, the successful close of the funding round marked an important milestone in…

Multiliquid, Metalayer Roll Out Instant Redemptions for Tokenized RWAs

Multiliquid and Metalayer Ventures have launched an institutional liquidity facility to provide instant redemptions for tokenized real-world assets (RWAs) on Solana.The facility allows holders of tokenized assets to convert positions into stablecoins instantly. The vehicle is raised and managed by…

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