Business
The European Securities and Markets Authority (ESMA) has published the first update to its register of crypto companies under the European Union’s Markets in Crypto-Assets Regulation (MiCA) after the transitional period ended Wednesday.Friday’s update to…
Experts and advocates are calling on Nigeria to take urgent steps to prepare for the rapid adoption of artificial intelligence across key sectors. According to a statement made available to The PUNCH, AI Futures and Governance Reform Advocate Afolashade Jubrilla…
While Bitcoin (BTC) continues to hover near $87,000, onchain activity and exchange liquidity metrics suggest that the market is operating in a low-participation period, limiting its move above $90,000.Key takeaways:Bitcoin traded near $88,000 as network activity fell to yearly lows,…
Equities on the Nigerian Exchange continued their upward momentum in the holiday-shortened trading week, with market capitalisation rising by N578bn as renewed buying interest across key sectors lifted major indices. At the close of the latest trading session, total market…
Trend Research purchased 46,379 Ether (ETH) on Wednesday to raise its holdings to about 580,000 ETH, making it larger than most public Ethereum treasuries tracked by CoinGecko.Only two listed companies, SharpLink Gaming and BitMine Immersion Technologies, currently report bigger ETH…
The immediate past president of the Institute of Chartered Accountants of Nigeria and grand patron of ICAN Mowe District, Davidson Alaribe, has urged the Federal Government to ensure that Nigerians enjoy the dividends of the taxes they pay as it…
Ethena’s synthetic dollar USDe has shed about $8.3 billion in net outflows since the major liquidation event on Oct. 10, as confidence in leveraged and synthetic collateral structures continues to weaken.According to a report from 10x Research, the October sell-off…
LEAP Africa, in partnership with Dow Chemical and TEM Nigeria, has empowered over 300 students in Lagos public schools with fully equipped, solar-powered digital libraries. The initiative, aimed at bridging the digital divide, was implemented at Onike Girls High School,…
Update (Dec. 23, 10:09 pm UTC): This article has been updated to include a statement from the IMF and clarify details on the Chivo sale.The International Monetary Fund’s mission chief for El Salvador issued a statement confirming that government authorities…
The Central Bank of Nigeria is taking its reform narrative to global investors, projecting policy stability, macroeconomic discipline, and renewed confidence to attract sustained capital inflows, JUSTICE OKAMGBA writes The Central Bank of Nigeria has taken its drive to attract…
Shares in Upexi closed Tuesday down 7.5% after it filed to raise up to $1 billion to expand its Solana treasury and pursue other opportunities related to the token.Upexi said in its shelf registration filing to the Securities and Exchange…
Seamfix, a digital identity and biometric solutions provider, in partnership with the government of the Republic of Benin, has launched ePass, a self-service digital passport renewal platform designed for Beninese citizens living abroad. This is contained in a statement by…
Bitcoin and Ether exchange-traded funds have seen a prolonged streak of outflows, indicating that institutional investors have disengaged with crypto, says the analytics platform Glassnode.Since early November, the 30-day simple moving average of net flows into US spot Bitcoin (BTC)…
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that it was possible for Lagos State to generate up to N1tn annually from property tax if the potential in the sector is harnessed. Oyedele said…
Bitcoin came just shy of hitting a milestone six figures when inflation is factored in, despite the cryptocurrency hitting an all-time peak of above $126,000 in October, says Galaxy head of research Alex Thorn.“If you adjust the price of Bitcoin…
Organised labour has called on state governments and local government authorities to take greater responsibility for tackling Nigeria’s worsening insecurity, warning that the failure to act decisively is draining household incomes and restricting citizens’ freedom of movement. The call follows…
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