Tuesday, October 20

Business

‘Travellers suffer fraud as unprofessionalism persists’

The Chief Executive Officer of RE360 Agent Development Limited, Elisha Olorunda, says Nigeria’s travel industry is grappling with a critical structural gap that continues to expose citizens to fraud, visa denials and financial losses. Speaking on the state of international…

Quantum Threat to Bitcoin Goes Beyond Just Threat to Cold Wallets

Advances in quantum computing doesn’t just threaten Bitcoin wallet security, it could also undermine its economic and security model as it could be used to mine Bitcoin blocks far more efficiently, according to Coinbase’s head of investment research, David Duong.Quantum…

Consumers pay N1.13tn electricity bill despite blackouts

Electricity distribution companies in Nigeria collected a total of N1.13tn in revenue from their customers over the six months spanning the second and third quarters of 2025 (April to September), according to detailed monthly performance data from the Nigerian Electricity…

Bitcoin ETFs See .2B In Early 2026 Inflows

US spot Bitcoin exchange-traded funds have started the year at an explosive pace that could, if maintained, see it blow out total inflows from 2025. “The spot Bitcoin ETFs are coming into 2026 like a lion,” said Bloomberg’s senior ETF analyst…

Nigeria’s poverty rate may hit 62% – Report

Nigeria’s poverty rate is projected to rise sharply to 62 per cent by 2026, with about 141 million people expected to be living below the poverty line, according to PwC. The projection is contained in PwC’s Nigeria Economic Outlook 2026,…

Community Banks Want GENIUS Act Yield ‘Loophole’ Closed

A group of US community bankers is pressuring Congress to change the GENIUS Act to close a supposed “loophole” that allows yield-generating stablecoins to undercut banks.The American Bankers Association’s Community Bankers Council said in a letter on Monday to the…

Ecobank completes early repayment of 0m Eurobond

Ecobank Nigeria Limited has fully repaid bondholders who validly tendered their notes ahead of the February 2026 maturity date. This was disclosed in a statement issued by the bank on Tuesday. The PUNCH reports that Ecobank Nigeria had prepaid approximately…

BTC Liquidation Data Could Push Price to New Highs: Analyst

Bitcoin’s (BTC) sharp 7.4% rebound kick-started the first week of January and has shifted markets’ focus back to futures positioning, where liquidation data suggests the price action may be asymmetric.Key takeaways:Over $10.6 billion in long liquidations sit below $84,000, versus…

‘Hospitality sector must reassess staff communication protocols’

The Lead Hospitality Consultant at Murphy’s Pro, Omoruan Murphy, has warned that declining workplace etiquette, particularly overly informal staff interactions with vendors and contractors, could damage professional relationships and weaken the industry’s reputation. According to the consultant, the Nigerian hospitality…

Airport police arrest fraudster over N1.25bn fraud

Operatives of the Nigeria Police Force, Airport Police Command, have arrested a 20-year-old suspected internet fraudster for allegedly defrauding foreign victims, mostly in the United States, of about N1.25bn and several costly electronic gadgets. The suspect, Essien Akpama, was arrested…

MSCI Keeps Digital Asset Treasury Companies in Indexes

MSCI announced it will keep digital asset treasury companies in its global indexes, citing investor feedback and the need for further study on non-operating firms.Shares in Michael Saylor’s Strategy rose 5% after Morgan Stanley Capital International (MSCI) decided not to…

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