Friday, July 3

Business

NNPC directors’ pay soars 58% to N4.1bn

The cost of running the board and workforce of the Nigerian National Petroleum Company Limited rose sharply in 2024, with directors’ fees and expenses climbing to N4.096bn, while total spending on employee benefits surged to N749.7bn, according to the company’s…

CBN reports 6m drop in IMTOs inflows

International Money Transfer Operator inflows into Nigeria fell by 11.78 per cent in the first half of 2025 compared with the same period of last year, according to new figures from the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin.…

Crypto Events That Reshaped the Industry in 2025

February: The Bybit theft recenters the market on operational risk On Feb. 24, the crypto industry faced a renewed security reckoning after about $1.4 billion was stolen from Bybit, making it one of the largest exchange-related thefts on record.US authorities…

Proton advocates empowerment of private security firms

Proton Security Services Limited has urged the Federal Government to leverage the recent withdrawal of Nigeria Police personnel from VIP protection duties to strengthen the country’s security architecture by empowering licensed private security firms. Reacting to the directive in a…

Mama Cass rebrands, returns with new offerings

Mama Cass has announced its rebranding and return to the market, offering upgraded facilities, enhanced production systems, refreshed menus and a redesigned customer experience. In a statement, the 42-year-old brand explained that it is relaunching after a period of “strategic…

Trust Wallet to Cover M Lost in Browser Extension Hack: Zhao

Trust Wallet users lost about $7 million in a Christmas Day exploit that had been planned since early December.Trust Wallet’s browser extension version 2.68 was compromised by a security incident impacting desktop users, Trust Wallet said in a Thursday X…

REDAN, Sytemap partner to digitise property transactions

The Real Estate Developers Association of Nigeria has signed a Memorandum of Understanding with Sytemap Technologies Limited, marking a major step towards making land and real estate transactions safer, more transparent, and more efficient nationwide. For millions of Nigerians, buying…

Lagos hosts Eko Drive IV automotive exhibition

Lagos played host to the fourth edition of the Eko Drive Exhibition (Eko Drive IV), as automobile enthusiasts and lifestyle lovers gathered at the Alliance Française de Lagos, Ikoyi, for another celebration of automotive culture. In a statement to The…

ITF, NECA graduate 62 skilled artisans

The Industrial Training Fund, in collaboration with the Nigerian Employers’ Consultative Association, has graduated 62 trainees of Batch XIV of the ITF-NECA Technical Skills Development Project at the Industrial Skills Training Centre, Ikeja, Lagos. Speaking at the graduation ceremony, the…

Tips for Crypto Newcomers, Vets and Skeptics in 2026

Newcomers are diving into crypto without learning what it is, veterans are watching their profits soar without spurring adoption and skeptics are judging crypto with little information, says OG Bitcoiner James Howells.Howells is famous for fighting in court to recover…

LCCI flags engineering, power gaps hindering industrialisation

The Lagos Chamber of Commerce and Industry has warned that the country cannot industrialise or expand manufacturing without solving its electricity challenges. It called on the Federal Government to refocus Nigeria’s development strategy on engineering, technical skills and a reliable…

Crypto Sentiment Stuck in Extreme Fear Zone for Two Weeks

Crypto market sentiment remained in “extreme fear” on Friday, marking the 14th straight day that market sentiment has remained in the zone. The sentiment-tracking Crypto Fear & Greed Index fell three points to a score of 20 out of 100 on…

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