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 Nigeria Revenue Service (NRS) has officially revealed Rev360, a new digital tax administration platform to ease tax filing and compliance. The central tax agency launched the platform on Wednesday, reaffirming its commitment to boost voluntary tax compliance and provide seamless access to…
Since 2024, Bitcoin (BTC) has posted four major corrections after interest rate hikes by the Bank of Japan (BOJ), with declines ranging from 18% to 28%. This dynamic places renewed attention on the BOJ’s June 16 policy decision. Data currently point…
PREMIUM TIMES’ business and economy editor, Oladeinde Olawoyin, has been selected for the International Atomic Energy Agency (IAEA) programme in Vienna, Austria. Mr Olawoyin was selected alongside a cohort of leading energy editors/correspondents from across the world. The agency said…
Stand With Crypto UK is urging its 286,000 members to challenge British banks restricting transfers to cryptocurrency exchanges, arguing that blanket limits on transactions to regulated platforms are restricting access to digital assets.The new campaign cites a report from the…
Anchorage Digital, a federally chartered crypto bank and stablecoin infrastructure provider, has submitted a public comment letter supporting the US Treasury Department’s proposed Anti-Money Laundering (AML) and sanctions framework for the GENIUS Act, arguing that the rules largely strike the…
Stanbic IBTC Holdings Plc has disclaimed responsibility for social media advertisements, asking the public to join WhatsApp groups that purportedly offer them investment opportunities with “guaranteed returns” in “high-quality stocks.” The financial services group disclosed in a regulatory filing on…
Prediction markets overtook onchain gambling for the first time in the opening quarter of 2026, recording $36.6 billion in volume compared with gambling’s $14 billion, according to TRM Labs.In a Wednesday report, the blockchain intelligence company said the shift followed…
Bitcoin (BTC) erased its intraday losses and rose by around 2.5% to $62,410 immediately after the US inflation report, even as the headline Consumer Price Index (CPI) hit its highest level in more than three years.BTC/USD hourly chart. Source: TradingViewKey…
The election season is ramping up in the United States, meaning that airwaves and social media are flooded with campaign ads.Candidates, in addition to the political action committees (PACs) supporting and opposing them, are projected to spend a record-breaking $10…
Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities, a move aimed at supporting around-the-clock trading products across crypto exchanges.The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are…
The Federal Competition and Consumer Protection Commission (FCCPC) has joined forces with the Nigerian Tourism Development Authority (NTDA) to bolster consumer protection, raise service standards and strengthen the tourism sector in the country. Both agencies reached an agreement on Tuesday,…
US-based equipment finance platform Trad.Fi announced plans to bring up to $650 million in private credit onchain over the next 48 months. The initiative targets one of the largest and least digitized credit markets in the US, the trillion-dollar industry funding…
Botanix, a Bitcoin scaling network that set out to bring “real utility” to BTC without token incentives, is winding down after four years in operation.In a Tuesday post on X, Botanix told users to withdraw all Bitcoin and other assets…
The Central Bank of Nigeria (CBN) may need to sterilise FX inflows into Nigeria from higher oil prices in order to rein in inflationary pressures, the International Monetary Fund (IMF) said Tuesday. Sterilisation, a monetary policy tool, allows the central…
Prediction market regulators should consider a measured approach to insider trading enforcement as opposed to an outright ban, according to research from an academic at the Stevens Institute of Technology.In a paper released on June 2, assistant professor of finance…
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