Business
Femi Otedola, the Chairperson of First HoldCo Plc, has raised his stake in the financial services group to 18.1 per cent, according its unaudited financial report for 2025 released on Friday. The billionaire tycoon’s direct…
Key takeaway:ETH faces selling pressure as $480 million in liquidations and falling network fees impact investor confidence.ETH’s negative funding rate may play a role in a potential rebound rally. Ether (ETH) price faced a three-day 13.8% correction, retesting the $2,900…
Parallex Bank Plc has reaffirmed its commitment to nurturing African youth talent as it sponsored the 2025 edition of the Future Africa Leaders Awards, which recognises young Africans driving exceptional impact across their communities. In a statement on Monday, the…
The Central Bank of Iran reportedly stockpiled more than half a billion dollars worth of USDt amid escalating protests and crypto usage in the country.Blockchain analytics platform Elliptic reported that the Central Bank of Iran (CBI) acquired more than half…
The Federal Competition and Consumer Protection Commission has commenced phased enforcement of sanctions against Digital Money Lending operators that failed to regularise their operations in line with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025. The compliance deadline…
Ether (ETH) price saw a daily candle close below $3,000 on Tuesday, but a positive is that data showed large holders were buying throughout the dip. While ETH whale accumulation signals growing confidence, conflicting indicators suggest rising market risk for…
The Federal Government has moved to significantly scale up domestic borrowing, planning to raise as much as N900bn from its January 2026 bond auction. The amount doubles the N450bn it targeted in January 2025, as fiscal pressures and refinancing needs…
Ethereum co-founder Vitalik Buterin said he plans to fully recommit to decentralized social media in 2026, arguing that only platforms built on shared, decentralized data layers can foster real competition and support mass communication systems aligned with users’ interests rather…
The Centre for the Promotion of Private Enterprise (CPPE) has warned that renewed calls for a sugar tax on non-alcoholic beverages could hurt Nigeria’s manufacturing sector, threaten jobs and slow the country’s fragile economic recovery. In a statement on Wednesday,…
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…
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