Business
Digitally driven financial institution VFD Microfinance Bank has returned to the path of profitability in the 2024 financial year as it recorded N366.6m profit after tax from the N333m loss it had suffered in the…
Opinion by: Roman Cyganov, founder and CEO of AntixIn the fall of 2023, Hollywood writers took a stand against AI’s encroachment on their craft. The fear: AI would churn out scripts and erode authentic storytelling. Fast forward a year later,…
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has warned that escalating trade tensions between the United States and China could lead to an 80 per cent collapse in merchandise trade between the two countries and a long-term split…
China is tightening the curtain on Hollywood in a bold response to escalating trade tensions with the Donald Trump-led United States government and its Chinese counterpart. The China Film Administration announced plans to cut back on American movie imports—shifting its…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Chinese renminbi hit an 18-year low on Thursday as the currency became a serious flashpoint in trade tensions between the US…
Escalating trade tensions and renewed uncertainty in global markets are driving investors toward alternative assets, including Bitcoin and tokenized real-world assets (RWAs), as concerns mount over the long-term stability of the financial system.Global trade tensions continue pressuring investor sentiment despite…
The Nigerian Shippers’ Council has announced that the Nigerian Port Economic Regulatory Agency Bill has been passed by the National Assembly and is currently awaiting presidential assent from President Bola Tinubu. The Executive Secretary of the NSC, Dr Pius Akutah,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a professor at Hong Kong University of Science and Technology and author of ‘The New China Playbook: Beyond Socialism…
Key takeawaysAI tools like ChatGPT can help both experienced and new crypto investors track portfolios with ease, freeing up time for other investment activities and making the process more accessible.Defining specific requirements, such as which cryptocurrencies to track and the…
Nigeria’s leading financial institution, Opay, has won the prestigious Fintech Company of the Year 2024 award at the Leadership Newspapers Awards. According to a statement from the firm on Wednesday, the award underscores OPay’s exceptional impact on Nigeria’s financial landscape…
Chinese exporters scrambled to respond to crushing US tariffs by hiking prices, cancelling shipments and rerouting goods to other countries, as the world’s two biggest economies brace for economic divorce.The US president on Wednesday announced a 90-day pause in additional…
Austrian fintech unicorn Bitpanda has secured its third license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework, further expanding its regulatory footprint across the bloc.Bitpanda on April 10 announced receiving a new MiCA license from Austria’s Financial Market…
The founder/chairman of Zenith Bank Plc, Jim Ovia, has been admitted to the prestigious Freedom of the City of London. According to a statement on Wednesday, the recognition was bestowed on him at a ceremony which was held at the…
Bitcoin (BTC) risks becoming part of a “classic bull trap” when the US-China trade war takes its next step, analysis warns.In its latest bulletin to Telegram channel subscribers on April 10, trading firm QCP Capital cautioned over the latest crypto…
The investments of Temile Development Company Ltd in the Nigerian gas sector have hit $450m upon securing a contract with Hyundai Heavy Industries for the construction of an 88,000 cubic meter Very Large Gas Carrier. In a statement, TDC disclosed…
Over the past decade, issuance of Tether’s USDt (USDT) has consistently mirrored Bitcoin (BTC) price cycles, with mints often clustering around bull runs and burns following corrections.Data from Whale Alert shows the relation between USDT issuance and Bitcoin price movements…
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