The naira closed the week on a weaker note across both official and parallel market segments, with analysts pointing to supply constraints and demand pressures in the foreign exchange market. At the Nigerian Autonomous Foreign Exchange Market, the local currency…

The Financial Conduct Authority has begun seeking final feedback on a set of proposals aiming to apply traditional finance standards to the UK crypto sector.The UK’s financial watchdog is entering the final stages of its consultation process for a host…

The Chief Executive of Shell Plc, Wael Sawan, has praised President Bola Tinubu’s leadership for creating a healthy climate for investments to thrive and restoring investor confidence. At a meeting with President Tinubu at the Presidential Villa, Mr Sawan said…

The Ogun State Internal Revenue Service has urged the public to rely on facts about the Tax Reform Acts 2025 rather than speculation, as it reassured taxpayers about the implications of the new laws. The Executive Chairman of OGIRS, Olugbenga…

Binance co-founder Changpeng Zhao has ruled out returning to the crypto exchange, despite a pardon from US President Donald Trump opening the door for it to be possible.  Zhao told CNBC’s Squawk Box on Sunday that it’s his understanding that the…

NEM Insurance Plc has projected insurance revenue of N65.256 billion in the first quarter (Q1) of 2026. The company disclosed this in a forecast submitted to the Nigerian Exchange Ltd. on Sunday, reaffirming its positive growth outlook following strong performance…

Power distribution companies have expressed doubt over the directive by the Minister of Power, Adebayo Adelabu, that prepaid meters must be free for all categories of customers. Operators, who spoke with our correspondent anonymously due to the sensitivity of the…

The Ethereum treasury company ETHZilla has purchased two jet engines after selling off some of its crypto stash and increasing its focus on asset tokenization.ETHZilla said in a regulatory filing on Friday that it purchased two aircraft engines through a…

Sahara Group Foundation, the corporate social impact arm of Sahara Group, has commissioned its 17th Sahara Go Recycling Hub in Ibeju-Lekki, Lagos State, reinforcing its commitment to sustainable waste management, environmental protection, and community empowerment across Nigeria. The Sahara Go…

Gold prices have topped $5,000 amid rising geopolitical and global trade tensions, while Bitcoin has fallen toward $86,000 as the divergence between the two assets widened. Gold surged to a record high of $5,080 on Monday following a 17% gain so…

The founder of the fintech firm Paypaxe, Belema Mary Maxwell, says the company is focused on helping Nigerian businesses navigate salary payments, statutory deductions, and regulatory filings amid tighter enforcement of tax rules. Speaking at the company’s launch in Abuja…

Entropy founder and CEO Tux Pacific says that, after four years and multiple pivots, the project was unable to find a scalable business model.Crypto start-up Entropy is closing down and handing funds back to investors, citing issues with scaling and…

Port modernisation is vital for economic expansion and trade competitiveness in Nigeria and Africa, says the Nigerian Ports Authority Managing Director, Dr Abubakar Dantsoho, who was recently appointed the IAPH Regional Vice President for Africa, in this interview with OKECHUKWU…

Nigeria’s industrial and economic progress will stay vulnerable unless businesses survive beyond their founders through intentional succession planning. To this end, industry and business leaders are urging discipline and mentorship to ensure continuity, writes ARINZE NWAFOR Last year, the Managing…

Around $100 billion was wiped from the crypto market late on Sunday, as uncertainty around another potential partial US government shutdown caused traders to sell off.Senate Democrats threatened to block a funding package if it included money for the Department…