Saturday, October 17

Business

Coronation Merchant Bank seeks African prominence at 10

Coronation Merchant Bank has set its sights on becoming a leading African bank as it marked its 10th anniversary. This was disclosed at the Chairman’s Dinner event to mark the anniversary of the lender in Lagos. Speaking at the Chairman’s…

M Lightning Payment Tests Bitcoin’s Institutional Rails

Institutional trading and lending desk Secure Digital Markets (SDM) said it sent a $1 million payment to cryptocurrency exchange Kraken over the Lightning Network on Jan. 28.SDM claimed in a Thursday statement shared with Cointelegraph that it is the largest…

Recapitalisation: NAICOM warns insurers  on disclosure, capital shortfalls

The National Insurance Commission has flagged weak financial disclosures, solvency gaps and deficiencies in recapitalisation planning by some insurance companies, warning that the ongoing recapitalisation exercise leaves little room for repeated errors or delays in regulatory approvals. The concerns were…

AI Surveillance Marks a New Phase for South Korea’s Crypto Markets

South Korean regulators are stepping up oversight of the domestic cryptocurrency market, signaling a faster, more coordinated approach to detecting suspicious trading activity amid renewed volatility. The heightened scrutiny was highlighted after South Korea’s Financial Supervisory Service (FSS) said it was…

MTN negotiates buyout of IHS Towers in .76bn deal

MTN Group, Africa’s largest mobile network operator, is in advanced talks to acquire the remaining 75 per cent stake in IHS Towers, a deal that could value the tower infrastructure firm at about $2.76bn. Reuters reported on Thursday that the…

Bitcoin ETFs Extend Losses As Daily Outflows Hit 5 Million

Bitcoin exchange-traded funds (ETFs) extended losses on Wednesday amid BTC price approaching the $70,000 mark, adding to mounting pressure across digital asset markets.According to data from SoSoValue, spot Bitcoin (BTC) ETFs recorded $545 million in outflows on the day, pushing…

CardinalStone raises N12.63bn in Series 1 infrastructure inancing

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…

Tether’s USDt Hits 7B in Q4 as Rivals Shrink Amid Crypto Downturn

Tether’s dollar-pegged stablecoin USDt expanded to a record $187.3 billion market capitalization in the fourth quarter of 2025, even as the broader crypto market slid following October’s liquidation cascade.According to its latest quarterly report, the USDt (USDT) market cap grew…

Paga, Leadway offer Doroki  merchants insurance solutions

Paga, the fintech company behind the Doroki merchant platform, has entered into a strategic partnership with Leadway Assurance to provide comprehensive insurance solutions for users on the platform. Leadway Assurance stated on Tuesday that the partnership is designed to help…

Feds Crypto Trace Gets Incognito Market Creator 30 Years

The creator of Incognito Market, the online black market that used cryptocurrency as its primary payment rail, has been sentenced to 30 years in prison after blockchain transaction analysis cited by US authorities linked him to the platform.The Justice Department…

How Nigeria’s Gas master plan will be executed — Ojulari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has addressed recent debates surrounding the newly launched Nigeria’s Gas Master Plan (GMP) 2026, particularly concerns over export parity pricing. Speaking during a fireside…

Sterling’s Q4 income dips to N16.34bn

Sterling Financial Holdings Company Plc and its subsidiaries recorded a profit of N16.34bn in the fourth quarter of 2025, representing a 23.8 per cent decline from the N21.44bn posted in Q4 2024, according to its unaudited interim financial statements for…

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