Thursday, July 2

Business

Foreign equity trades stay below N200bn for second month

Foreign investors stayed on the sidelines in November 2025, with equity trades on the Nigerian Exchange Limited remaining below N200bn for the second straight month. While foreign participation fell 13 per cent to N162bn, domestic investors dominated the market, driving…

Aave Founder Responds to Governance Vote With New Strategy

Aave founder and CEO Stani Kulechov has outlined a broader strategic vision for the protocol following a contentious governance vote that rejected a proposal to transfer control of Aave’s brand assets and intellectual property to its decentralized autonomous organization (DAO).The…

Meet the new owners of Geregu Power

Geregu Power, the electricity utility that billionaire investor Femi Otedola took public in October 2022, announced a change in its ownership on Monday, following a board meeting in which the tycoon revealed the divestment of his controlling stake. In a…

TECNO taps AFCON to link AI tech with fans

TECNO has rolled out fan zones and AI-powered pop-up stores in Morocco as part of its activation for the Africa Cup of Nations 2025, using the tournament to bring its artificial intelligence technology closer to football fans across major urban…

Wrench Attacks Against Crypto Holders Are Rising and More Violent

Physical attacks targeting cryptocurrency holders are becoming more frequent and increasingly severe, according to a new analysis of so-called “wrench attacks.”In a Sunday post on X, Haseeb Qureshi, who analyzed a dataset maintained by Bitcoin (BTC) security advocate Jameson Lopp,…

Anambra, Zamfara domesticate Tax Reforms

The Governor of Anambra State, Charles Soludo, has signed the Harmonized Taxes and Levies (Approved List for Collection) Law, making it the third state to sign the legislation. The governor signed the bill into law on Monday in Awka, Anambra…

Manufacturing tipped for 3.1% growth, 10.2% GDP contribution

Manufacturing was constrained in 2025, recording successive quarterly declines of up to 1.25 per cent in the real growth rate. Yet stakeholders share a positive outlook dependent on new tax laws and the execution of the ‘Nigeria First’ policy, ARINZE…

Will Crypto Billionaires Actually Leave California After New Tax?

Crypto billionaires are threatening to leave the state of California after a prominent trade union proposed a 5% assets tax on residents worth more than $1 billion.The Service Employees International Union-United Healthcare Workers West proposed the new tax back in…

Electricity supply successfully restored – NISO

The Nigerian Independent System Operator (NISO) said it has fully restored electricity supply to all parts of the country and the system stability has normalised. NISO disclosed this in a statement signed by its management on Monday night. The Independent…

Knorr deepens consumer engagement across key markets

Knorr, a leading seasoning brand, has spread yuletide cheer across 21 markets and 30 communities spanning 10 cities nationwide, as part of its annual Share the Good campaign. A statement from the firm on Wednesday stated that the initiative reaffirmed…

Coinbase Executive Defends US Clarity Act Timeline

The Digital Asset Market Clarity Act, or CLARITY Act, is moving along the appropriate timeline despite the crypto industry’s growing impatience, according to a Coinbase executive.“I completely understand why this is taking longer,” Coinbase Institutional head of strategy John D’Agostino…

Tax reforms spark tension as shipping lines plan hikes

There appears to be palpable tension among freight forwarding practitioners in the nation’s maritime sector over the tax implementation that kicked off on Thursday, January 1, 2026. Some agents who spoke with The PUNCH explained that some shipping lines have…

Crypto Sentiment Starts 2026 ‘Very Positive’

Sentiment among crypto market participants on social media has started the year strong, according to a Santiment analyst, who warned that further market upside depends on retail investors staying level-headed.“We need retail to continue to be a bit cautious, a…

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