Parallex Bank Limited has asked the High Court of the Federal Capital Territory, Abuja, to dismiss a suit filed against it by logistics firm FHT Mega Express Limited, describing the action as “an abuse of court process, incompetent and lacking…

The US Senate Agriculture Committee, one of two committees in the chamber considering legislation to establish digital asset market structure, is expected to release its text of the bill by the close of business on Wednesday.Chair John Boozman said last…

The stock market sustained its upward momentum on Wednesday, with market capitalisation rising by six billion naira or 0.01 per cent, from an opening value of N106.436 trillion to close at N106.442 trillion. The positive performance was primarily driven by…

The International Monetary Fund has said that Nigeria’s macroeconomic stabilisation efforts are beginning to yield results, contributing to an improved growth outlook for Sub-Saharan Africa. The Fund made the assessment on Wednesday during a press conference to present its January…

White House crypto czar David Sacks said banks and crypto companies will ultimately merge into “one digital asset industry” once Congress passes the long-delayed market structure bill.The comments came during an interview on CNBC’s Squawk Box on Wednesday at the…

BUA Cement Plc, manufacturer of BUA Portland Limestone Cement and Sokoto Portland Limestone Cement, on Wednesday announced that it has signed an agreement with CBMI to build a new ultra-modern 3-million-ton-per-annum cement line in Sokoto. A statement by the company…

Major listed brewers in Nigeria generated a combined revenue of over N1.54tn from the sale of beer and other non-alcoholic drinks in the first nine months of 2025, indicating the estimated amount spent by Nigerians on brewery products during the…

Key points:Bitcoin is attempting to find support near the $88,000 level, signaling a positive sentiment.Buyers will have to defend the support levels in select major altcoins, or else the recovery could fizzle out.Bitcoin (BTC) is attempting to find support near…

Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has concluded the semi-final stage of the seventh edition of its flagship Corporate Social Responsibility initiative, the InterswitchSPAK National Science Competition, unveiling nine students who will compete at the…

US President Donald Trump used part of his speech addressing the crowd at the World Economic Forum (WEF) on Wednesday to discuss the motivations behind his crypto policies, saying China’s regulatory landscape was a factor. In a Wednesday speech at the…

The Ogun State Commissioner for Forestry, Engr Taiwo Oludotun, has officially opened the Collect Earth and Mapathon Data Collection Training, describing the programme as a vital step towards strengthening data-driven forest governance and biodiversity conservation in Nigeria. The training, organised…

Gold’s record-breaking rally inadvertently put pressure on Bitcoin’s allure, but analysts say historical data shows BTC eventually starts a catch-up rally.Bitcoin’s (BTC) relative performance against gold has weakened sharply, but several analysts argue that this setup remains a long-term investment…

International Breweries Plc has appointed Nicholas Kade as its new Managing Director, effective 1 March 2026, following the transition of Carlos Coutino to a leadership role at parent company Anheuser-Busch InBev. In a statement on Tuesday, IBPLC said Coutino, who…

Bitcoin (BTC) sought a $90,000 reclaim around Wednesday’s Wall Street open as US President Donald Trump pledged to sign pro-crypto legislation.Key points:US President Donald Trump breathes modest gains into BTC price action with his World Economic Forum speech.Pro-crypto legislation is…

The International Monetary Fund has called on governments to rebuild fiscal capacity and keep public debt under control as spending pressures rise. In its 13-page World Economic Outlook update, published on Monday, the Fund urged countries to pursue medium-term fiscal…