Saturday, January 31

Business

ETH Flashes Negative Funding Rate But Is Sub K ETH Discounted?

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 sponsors future Africa Leaders Awards

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…

FCCPC cracks down on errant digital money lenders

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…

FG doubles January bond borrowing to N900bn

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…

CPPE warns against sugar tax, cites threat to manufacturing, jobs

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,…

Debt dispute: Parallex Bank alleges court process abuse

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…

Stock market extends upward trend with N6bn gain

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…

Nigeria’s stabilisation efforts paying off, says IMF

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…

Nigerians spend N1.54tn on beer, others in nine months

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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