Wednesday, October 21

Business

Michael Selig Takes Over CFTC as Caroline Pham Departs

The US Commodity Futures Trading Commission has officially undergone a change of leadership, with acting chair Caroline Pham saying she will leave the agency on Monday, while Mike Selig was sworn in as chair.Pham, who had been serving as the…

Regent MFB crosses N10bn MSME lending milestone

Regent Microfinance Bank has distributed over N10bn in cumulative loan disbursements to Micro, Small, and Medium Enterprises across the country. Disclosing this in a statement on Monday, the MfB said that the milestone reflected its commitment to close Nigeria’s persistent…

Bitcoin Perpetual OI Surges As Funding Rates Double

Crypto derivatives markets are heating up as Glassnode reports perpetual open interest has risen in anticipation of a big move at the end of this year.Perpetual open interest (OI) has risen from 304,000 to 310,000 Bitcoin (BTC) as its price…

N590bn power bond deadline looms for investors

Investors interested in the Federal Government offer to boost liquidity in the power sector have less than nine days to subscribe to the N590bn Series 1 Power Sector Bond issued by NBET Finance Company Plc, with the offer scheduled to…

Blackrock Pins Bitcoin ETF as Major Investment Theme

BlackRock says its spot Bitcoin exchange-traded fund was one of its three biggest investment themes in 2025, putting it alongside Treasury bills and the largest US tech stocks.The asset manager named its iShares Bitcoin Trust ETF (IBIT) alongside its ETF…

NRC boss cracks down on illegal railway property deals

Anxiety has gripped the Nigerian Railway Corporation following a stern warning by its Managing Director, Dr Kayode Opeifa, against the unauthorised sale, lease, or allocation of the corporation’s landed properties. In an internal circular dated December 18, 2025, and referenced…

EU Council Endorses Online and Offline Digital Euro

The Council of the European Union (EU) the European Central Bank’s (ECB) digital euro design,A Friday document outlined the council’s position on the digital euro, including alignment with the ECB on launching online and offline variants simultaneouslyECB President Christine Lagarde…

Festive rush spikes Lagos ride-hailing fares

Ride-hailing prices in Lagos have surged as the city’s Detty December celebrations draw crowds to concerts, beach parties, shopping centres, and nightlife venues. The influx of residents, returnees, and tourists has pushed up demand for services on platforms such as…

Recent Bitcoin Miner Troubles Could Be Bullish for BTC Price

Bitcoin’s hashrate fell 4% over the month to Dec. 15, which could be a positive sign for the cryptocurrency’s price in the months ahead as miner capitulation is “historically a bullish contrarian signal,” VanEck analysts say. “When hash rate compression persists…

Engineers canvass ethical AI to protect human rights

Engineers across Africa are urging ethical use of artificial intelligence as the technology expands into areas affected by insecurity, forced labour, and human trafficking. Experts say AI can help improve safety, but caution that it must not compromise human rights.…

Arizona Lawmaker Proposes Barring Taxes on Crypto and Blockchain

Arizona state Senator Wendy Rogers has proposed two bills and a resolution in an effort to change the state’s laws on taxing digital assets.In legislation prefiled with the Arizona Senate on Friday, Rogers proposed amending state statues to exempt virtual…

Oyedele dismisses claims on Nigeria’s tax laws

The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has rejected claims that Nigeria’s newly enacted tax reform laws were altered after their passage by the National Assembly, saying materials circulating in the media are false…

Strategy Adds 8M to Cash Reserves, Skips Bitcoin Buys

Strategy added $747.8 million in net proceeds from the sale of common stock last week to its cash reserves and paused its Bitcoin purchases, as the company rebalances its assets amid the crypto downturn. According to a post by Strategy executive…

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