Saturday, October 17

Business

How NNPC is rebuilding trust, output, investment confidence— Official

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, says the company is prioritising organisational culture, operational stability, and realistic production targets as part of a broader effort to rebuild confidence, attract investment,…

Lagos housing supply lags despite 34,800 units pipeline

Lagos’ residential property market remains deeply undersupplied despite more than 34,800 housing units currently in the development pipeline, according to the Lagos Real Estate Development Pipeline Report 2025/2026 by Estate Intel. The report estimates that Nigeria’s commercial city has an…

What Dubai’s Ban on Monero and Zcash Signals for Regulated Crypto

Key takeawaysDubai does not criminalize privacy coins yet has ordered them to be removed from regulated financial channels. This means licensed firms in the DIFC can no longer trade, promote or package them into investment products.From a compliance perspective, privacy-by-default…

Dangote Refinery not importing petrol

Dangote Petroleum Refinery & Petrochemicals (DPRP) on Wednesday denied reports suggesting that it imports finished petroleum products, describing the claims as incorrect and based on a misunderstanding of global refinery operations. As a large‑scale merchant refinery, the company said it…

Nigerian fintech grew 70% in 2025 – CBN

Nigeria’s financial technology sector recorded a remarkable 70 per cent growth in 2025, defying a challenging global economic environment, according to the Central Bank of Nigeria. The findings published in Monday’s report titled “Shaping the Future of Fintech in Nigeria:…

Bitcoin-native USDT protocol joins CTDG Dev Hub

Bitcoin has long served a simple purpose: storing and transferring value. The blockchain’s inherent limitations in scalability and programmability prevented use cases like high-frequency payments and smart contracts.Launched in 2018, the layer-2 solution Lightning Network introduced noticeable improvements in scalability.…

Reforms, private investment crucial for 7% growth – Edun

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has said sustained economic reforms and stronger private sector participation are central to Nigeria’s ambition to achieve at least seven per cent GDP growth by 2027–2028. Edun…

Crypto VC Funding Doubled in 2025 as RWA Tokenization Took the Lead

Cointelegraph Research provides a data-driven report on crypto VCs, highlighting capital flows, sector rotation and changes in investor behavior.Cointelegraph Research’s latest report provides an outlook on the state of fundraising in the crypto market and the key VC trends of…

Crystal Finance celebrates 10 years of sustainable growth

Specialised financial institution Crystal Finance Company has highlighted its sustainable growth as it marked its 10th anniversary. In a statement on Tuesday, the company said it gathered customers, and staff members at an evening dedicated to honouring staff and foundational…

UBA Group names CEO  for UK subsidiary

United Bank for Africa has announced the appointment of Loknath Mishra as the Chief Executive Officer of its United Kingdom subsidiary. The appointment, announced in a statement on Tuesday and becoming effective 2 February 2026, is said to reinforce the…

Mercado Bitcoin Deploys M in Private Credit on Rootstock

Latin American digital asset platform Mercado Bitcoin said that it had deployed more than $20 million of tokenized private credit on Bitcoin sidechain Rootstock, deepening its push into real-world assets (RWAs) and targeting $100 million in issuances by April. According to…

Why Nigeria’s refineries failed — Ojulari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has disclosed that they halted operations at the country’s state-owned refineries after discovering that continued operation was destroying value and draining public resources, despite…

Standard Chartered outlines 2026 investment outlook for Nigeria

Standard Chartered Bank Nigeria Limited hosted its clients at the 2026 Global Market Outlook event, bringing together industry experts to examine the evolving global financial landscape and its implications for Nigeria in 2026, where it revealed that the country’s growth…

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