Wednesday, October 21

Business

US Lawmakers Propose Stablecoin Tax Break, Staking Reward Deferral

US lawmakers have introduced a discussion draft that would ease the tax burden on everyday crypto users by exempting small stablecoin transactions from capital gains taxes and offering a new deferral option for staking and mining rewards.The proposal, introduced by…

Wema Bank empowers innovators at Hackaholics finale

Wema Bank, an innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced Chao and VOC AI as the first-place winners of Hackaholics 6.0. The announcement was made at the Grand Finale of Hackaholics 6.0 held in…

Crypto Industry Reacts To US Sen. Lummis Stepping Down

The crypto industry has rallied in support of pro-crypto US Senator Cynthia Lummis after she announced she will not seek reelection in 2026. Lummis, who is a vocal advocate for digital assets, played a significant role in US crypto policy discussions…

NEITI urges five-year review of tax Act

The Nigeria Extractive Industries Transparency Initiative has recommended that the yet-to-commence Nigeria Tax Act 2025 should be reviewed after five years or more to reflect evolving fiscal realities and strengthen institutional oversight of extractive revenues. In its long-term recommendations on…

Anxiety mounts over unsafe Indomie noodles

Anxiety is mounting across the country following a public alert by the National Agency for Food and Drug Administration and Control over the recall of Indomie Noodles, Vegetable Flavour, due to the presence of undeclared allergens. NAFDAC warned that the…

Yuletide: Travellers rush pricy road tickets amid kidnap fears

Despite security concerns, including fears of kidnapping along major highways, Nigerians travelling for the Yuletide, particularly to the South-East, are snapping up road transport tickets at sharply increased prices, findings by Sunday PUNCH have shown. Checks over the past few…

ICT sector generates N9.44tn in renewed broadband push

The Information and Communication Technology sector contributed N9.44tn to the economy in the third quarter of 2025, indicating heightened conversation around broadband expansion. This came as stakeholders called for improved subsea capacity with inland distribution, elimination of wasteful infrastructure duplication,…

Higher plant utilisation lifts gas supply to 4.68bscf

Nigeria’s average daily gas supply climbed to 4.684 billion standard cubic feet per day in November 2025, reflecting a stronger performance compared with October, according to fresh operational data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The…

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