Sunday, December 7

Business

Bayelsa govt newly acquired aircraft makes inaugural flight

Governor Douye Diri of Bayelsa State on Wednesday flew one of the state’s two newly acquired aircraft from Abuja to the state’s airport at Amassoma, near Yenagoa. The News Agency of Nigeria reports that the ATR-72/600 aircraft, which is for…

Upbit Freezes Transfers After M Hot Wallet Breach

Update Nov. 27, 9:23 am UTC: This article has been updated to include comments from Trezor CEO Matej Zak. South Korea’s biggest crypto exchange, Upbit, temporarily froze deposits and withdrawals on Thursday after detecting about $36 million in unauthorized outflows…

Former CBN Deputy Governor to headline business summit

Former Deputy Governor of the Central Bank of Nigeria, Dr Tunde Lemo, has been scheduled to headline the 2025 edition of the annual career and entrepreneurship outreach of the Foursquare Church Without Bounds, Ogba, Lagos. In a statement on Tuesday, the…

Ripple RLUSD Approved for Institutional Use in Abu Dhabi

Ripple’s dollar-pegged stablecoin was cleared for use by institutions in Abu Dhabi after winning recognition as an Accepted Fiat-Referenced Token by the local watchdog. In a Thursday announcement, Ripple said the approval allows regulated firms to deploy Ripple USD (RLUSD)…

Scanfrost unveils Christmas promo featuring Hilda Baci

Home appliance firm Scanfrost has officially launched its festive-season campaign, headlined by its brand ambassador, Guinness World Record-breaking chef and culinary entrepreneur Hilda Baci. According to the firm, the promo, called the #MyScanfrostChristmas Challenge, is designed to celebrate the joy,…

Australia Introduces Bill to License Crypto Exchanges

Australia’s government has introduced a new bill that will regulate crypto platforms under existing financial services laws after an industry consultation saw cautious support for the legislation.Assistant Treasurer Daniel Mulino introduced the Corporations Amendment (Digital Assets Framework) Bill 2025 on…

NGX ends six-day slump with N94.47bn boost

Bullish trading resurfaced on the Nigerian Exchange Limited on Tuesday, breaking a bearish run that had entered its sixth day as of Monday. At the close of trading, the All-Share Index and Market Capitalisation rose by 0.10 per cent to…

Vitalik Buterin Backs Messaging Apps Session and SimpleX With ETH

Ethereum co-founder Vitalik Buterin has disclosed a donation of approximately $760,000 in Ether to two crypto messaging apps that he views as pushing the boundaries of digital privacy. Encrypted messaging apps, like Signal, are “important for preserving our digital privacy,” Buterin…

EDC, FastCredit launch N2bn single-digit loan scheme for MSMEs

The Enterprise Development Centre of Pan-Atlantic University has partnered with Fast Credit to launch a single-digit financing scheme aimed at empowering micro, small, and medium enterprises. According to a statement on Monday, the initiative was unveiled at an event held…

XRP ETFs See 80M Token Pull As Price Eyes Break Above .2

XRP’s (XRP) newly launched exchange-traded funds (ETFs) absorbed nearly 80 million tokens on Nov. 24, sharply outperforming Solana’s recent ETF debut. The rapid inflows have pushed total assets under management (AUM) to $778 million, according to data from XRP Insights.Key…

Champion Breweries opens N15.91bn rights issue

Champion Breweries has opened its N15.91bn rights issue to qualified shareholders. In a statement filed with the Nigerian Exchange Limited on Tuesday, signed by its Company Secretary, Tosan Aiboni, it was indicated that the offer includes 994,221,766 ordinary shares of…

BTC Miner Margins Hit Cycle Lows Amid Bottom Talks

Bitcoin (BTC) rallied to $91,950 on Nov. 26 as data shows the market sitting at a key inflection point. Data from Capriole Investments placed Bitcoin’s production cost near $83,873, while the electrical cost, the baseline energy input for mining, sits…

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