Business
Taiko, an Ethereum layer-2 blockchain, has urged its users to withdraw assets from the network’s bridges after an exploit on one of its bridge protocols saw attackers make off with $1.7 million in the latest…
Nigeria’s newly appointed minister of power, Joseph Tegbe, has vowed that electricity supply across the country will witness notable improvement, but expressed reservations on the prospects of Nigerians getting immediate access to round-the-clock electricity. The minister made the disclosure on…
A Pan-African infrastructure fund private equity firm, ARM-Harith Infrastructure Investments Limited, has raised approximately $76m in the first close of its climate transition successor fund aimed at mobilising institutional capital for infrastructure projects across Sub-Saharan Africa. The firm said the…
Artificial intelligence agents that have autonomous access to crypto wallets could become unstoppable if deployed maliciously or if they escape from sandboxes, experts from a leading academic research consortium warned.“Unstoppable Autonomous Agents” (UAAs) pose a clear threat if they are…
Nigeria’s merchandise trade, which covers the import and export of tangible, physical goods across international borders, touched N34.8 trillion in the quarter to March as exports outstripped imports, data released by the National Bureau of Statistics (NBS) on Monday showed. Total exports…
The Federal Government has processed payments exceeding N700bn in verified obligations owed to local contractors over the past few months, including N436.6bn disbursed in May alone, as part of efforts to clear long-standing debts and boost economic activity. The Federal…
More than 200 crypto companies and organizations have urged the US Senate to pass the CLARITY Act, amid concerns that continued stalling could see it miss an important legislative window.In a letter on Monday shared by crypto lobby group Stand…
The Minister of Environment, Balarabe Abbas Lawal, has called for increased investment in Nigeria’s green economy, saying stronger environmental governance and climate action are critical to the country’s long-term development. He made the call on Monday ahead of the Nigeria Environmental Summit…
Nigeria recorded a sharp improvement in its merchandise trade balance in the first quarter of 2026 as exports rose and imports declined significantly, pushing the country’s trade surplus to N7.55tn. According to the National Bureau of Statistics’ Foreign Trade in…
MTN Nigeria said it invested N900bn in network expansion and maintenance in 2025 and plans to spend more than N1tn in 2026. The Chief Executive Officer of MTN Nigeria, Karl Toriola, argued that the recent tariff increase was necessary to…
The UK’s Financial Conduct Authority has proposed allowing some authorized investment funds to hold up to a 10% allocation of crypto exchange-traded notes, closing a regulatory gap between retail investors and funds.The FCA floated the idea in a quarterly consultation…
Payaza Africa Limited has secured upgraded credit ratings from four agencies, signalling growing investor confidence in the fintech company’s financial stability and operational performance. The payment company recorded upgrades across the board, with DataPro raising its rating from A to…
The Humanity Protocol, dubbed the “Chinese Worldcoin,” has been exploited for more than $30 million through a private key compromise, sending the price of H tokens plummeting on Tuesday. “We’ve detected a security incident involving the compromise of private keys belonging…
Energia Limited has appointed Tai Adetokunbo Oshisanya as an Independent Non-Executive Director on its board, effective May 2026. A statement on Sunday said Oshisanya joins the board with over four decades of distinguished leadership experience spanning the energy, financial services,…
The Sahara Group Foundation has expanded its waste-to-wealth initiative to Northern Nigeria with the commissioning of a new Sahara Go Recycling Hub in Masaka, Nasarawa State. The foundation said in a statement on Sunday that the facility, delivered in partnership…
ChatGPT creator OpenAI has confidentially filed for an initial public offering in the US, becoming the third major AI company this year to set up plans for a Wall Street debut.OpenAI posted to X on Monday that it filed confidential…
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