Business
The Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have directed telecommunications companies to obtain regulatory approval before carrying out share transfers or ownership changes involving 10 per cent or more of their…
The Trucks Transit Parks Limited, manager of the electronic call-up system, has noted that efficient truck management contributes significantly to environmental protection and improved working conditions for dockworkers. It added that reducing traffic congestion around Nigeria’s seaports is critical to…
Delaware and New Jersey have both advanced legislation to ban cryptocurrency ATMs in what is becoming a growing trend across US states, with lawmakers concerned that the kiosks are overwhelmingly used for scams.The Delaware House Economic Committee on Tuesday passed…
Guinness Nigeria Plc, in collaboration with the Anti-Counterfeiting Collaboration of Nigeria, convened industry leaders, regulators, enforcement agencies and brand owners at its Lagos headquarters on World Anti-Counterfeiting Day 2026 for a high-level engagement themed “Combating Counterfeiting in an AI-Driven and…
Blockchain.com has launched 24/7 perpetual trading for institutional clients through its OTC desk, offering around-the-clock exposure to stocks, equity indices, commodities, foreign exchange markets and pre-IPO companies.The rollout includes a SpaceX-linked perpetual contract, allowing eligible investors to take positions tied…
Aggrieved ex-employees of the defunct Arab Bank and Assurance Bank took to the streets of Lagos on Wednesday in a protest, accusing regulatory authorities of systemic neglect and pushing them into acute poverty. The protest was held at the Pension…
Bitcoin (BTC) faced renewed risks of a breakdown toward $30,000, according to a new analysis, as institutional demand turned deeply negative.Key takeaways:Data shows institutions are offloading around 450% of the daily BTC supply.Bitcoin risks slipping below $30,000 if supply absorption…
The Dangote Petroleum Refinery has reduced operations at its gasoline-producing unit by about 34 per cent since May 21 due to a combination of feedstock constraints and technical issues, according to a Reuters report citing industry monitor IIR Energy. The…
XRP’s (XRP) onchain activity has contracted sharply since its 2025 peak. The 90-day network fee average fell by 91.5%, while the realized profit-to-loss ratio dropped to 0.38 from 50, according to Glassnode. The decline in activity and profitability comes as traders…
Renewable energy stakeholders have intensified calls for the widespread adoption of solar generators in Nigeria, describing the technology as a practical and cost-effective alternative to the millions of petrol and diesel generators powering homes and businesses across the country. The…
Cryptocurrency market outflows reflect a sentiment shock, as geopolitics, rate expectations and capital rotation into artificial intelligence weigh on digital assets, according to James Butterfill, head of research at CoinShares.In a statement sent to Cointelegraph, Butterfill said that sentiment in…
Improved foreign exchange liquidity driven by economic reforms is prompting Nigerian banks to expand international spending limits on naira cards, signalling renewed confidence in the economy and easing access to global payments, ARINZE NWAFOR writes Deposit Money Banks are increasing…
The US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not contrary to the public interest even though federal law classifies them as “gaming.”Released on Wednesday, the proposal distinguishes…
Robinhood Securities said it had secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks.Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is…
The Enugu State Government on Wednesday signed grant agreements with four renewable energy developers to provide electricity to four underserved rural communities across the state’s three senatorial districts. The agreement was signed during the Renewable Energy Development for State Electricity…
Key takeaways:Record-low Bitcoin mining margins and rising demand for AI infrastructure incentivize miners to reduce their BTC positions.Institutional spot Bitcoin flows vastly surpass miner output, making macro trends more vital than miner profits alone.Bitcoin’s price slide to $62,000 was paired…
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