Saturday, December 13

Business

Nigeria’s public debt stock hit N152.39trn in Q2 2025 – NBS

Nigeria’s public debt stock increased from N149.38 trillion (97.23 billion dollars) in the first quarter of 2025 to N152.39 trillion (99.65 billion dollars) in the second quarter of 2025. The National Bureau of Statistics disclosed this in its Nigerian Domestic…

Lagos demands compliance as amnesty permit triggers application surge

The Lagos State Physical Planning Permit Authority has reported a significant surge in applications under the ongoing Amnesty Permit window, stressing that officers must uphold strict compliance, maintain professionalism, and process all submissions efficiently, ensuring that only buildings meeting safety…

Republicans Urge Action on Market Structure Bill over Debanking Claims

Republican lawmakers on the US House Financial Services Committee and House Oversight Subcommittee have released a final report on what they called “debanking of digital assets,” claiming that the previous administration was responsible for cutting off access to financial services…

LASG declares readiness for year-end tourism activities

The Lagos State Government’s key tourism agencies have announced full readiness for a smooth, safe, and vibrant festive season, following a high-level multi-agency stakeholders’ engagement held at the Lagos Continental Hotel, Victoria Island. In a statement by the ministry, it…

Vitalik Buterin on Quantum Computing and Ethereum Security

Key takeawaysButerin sees a nontrivial 20% chance that quantum computers could break current cryptography before 2030, and he argues that Ethereum should begin preparing for that possibility.A key risk involves ECDSA. Once a public key is visible onchain, a future…

Akmodel Homes marks five years of real estate excellence

Akmodel Homes and Properties has celebrated its 5th Anniversary, a milestone that reflects years of vision, resilience, innovation and unwavering commitment to excellence in the Nigerian real estate sector. In a statement, it was noted that under the leadership of…

Bitcoin Miners Face Harshest Margins on Record

The Bitcoin mining industry has entered what may be its most severe economic downturn in its 15-year history, with even large publicly traded operators struggling to break even amid collapsing mining revenue and rising debt, according to TheMinerMag.In its latest…

Crude-for-loans: NNPCL battles N8.07tn outstanding debt

The Nigerian National Petroleum Company Limited is burdened with crude-backed loan obligations estimated at N8.07tn, according to an analysis of its 2024 financial statements and capital-commitment disclosures. The liabilities stretch across multiple forward-sale and project-financing arrangements that are expected to…

Eclipse brings Solana’s parallel runtime to Ethereum

The majority of Ethereum rollups have converged on a single model, in which the EVM is still the execution engine. So parallel execution remains a vague ambition rather than a feature of most Ethereum L2s. Eclipse takes a different path.…

Does GENIUS Make Stablecoin Issuers Stealth Buyers of US Debt?

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law on July 18, is billed as the statute that finally drags dollar‑pegged tokens out of the regulatory gray zone into a supervised, payments‑first framework. Supporters say…

Dangote refinery pledges 1.5bn litres of petrol monthly

Dangote Petroleum Refinery has confirmed its commitment to supplying Nigeria’s domestic petrol requirements, pledging 1.5 billion litres of Premium Motor Spirit (petrol) per month, equivalent to 50 million litres per day, starting in December 2025. The supply is set to…

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