Seplat Energy Plc, the London-listed Nigerian oil driller where billionaire mogul Tony Elumelu bought a 20.1 per cent interest on the eve of this year, reported a surge of more than fivefold in net profit for the half-year 2026, compared…

Telegram, the messaging platform used by more than 1 billion people worldwide, is facing a major legal challenge in Australia over claims that it failed to stop the spread of terrorism-linked material.Australia’s online safety regulator, the eSafety Commissioner, launched civil…

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has reaffirmed that the federal government’s ambition to grow Nigeria into a $1 trillion economy by 2030 is achievable. The finance minister described the target as an outcome…

Demand for tokenized gold has surged this year as physical bullion climbed to record highs, but very little of the asset is being put to work in decentralized finance, highlighting a major adoption gap, according to a new report by…

The Federal Competition and Consumer Protection Commission (FCCPC) has warned that Nigeria’s emerging state electricity markets could struggle to attract investment if states adopt different regulatory frameworks, stressing the need for stronger cooperation among electricity regulators to protect consumers and…

Canadians’ ownership of cryptocurrencies increased to 25% in 2026 from 10% in 2023, new data from the Ontario Securities Commission (OSC) shows. In the results of a survey released on Tuesday, the OSC found that crypto ownership and awareness among…

MeCure Industries Plc has appointed Anderline Dukor as its Chief Executive Officer, following the company’s decision to replace its co-CEO leadership model with a traditional single CEO structure. The company also announced the appointment of Arjun Udani as Executive Director,…

Bitcoin (BTC) shook off volatility on Thursday as US stocks rebounded on the back of inflation-data relief.Key points:Bitcoin avoids a snap reaction to US personal consumption expenditures (PCE) inflation data, which reverses a local uptrend.Analysis remains wary of inflationary tendencies…

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said that the savings from the removal of fuel and foreign exchange subsidies have largely gone into debt servicing, increased workers’ wages, student loans, and other major…

Situational Awareness, a hedge fund founded in 2024 by ex-OpenAI researcher Leopold Aschenbrenner, has approached investors and lenders for fresh capital after suffering heavy losses in the recent artificial intelligence stock sell-off, the Financial Times reported Thursday.The fund, which the…

The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, on Wednesday reflected on Nigeria’s economic reform programme under former President Olusegun Obasanjo, saying public understanding and support were indispensable to the reforms that culminated in the country’s landmark debt…

Cryptocurrency trading volumes spiked in South Korea as its stock market fell by nearly 18% this week. Key points:South Korean exchanges see a 600% uptick in crypto trading volume around the snap declines in the KOSPI.Investors may be seeking to capitalize…

Femi Otedola, chairman of First HoldCo Plc, has increased his stake in the financial services group to near 26 per cent after acquiring 1.78 billion additional shares worth about ₦222.20 billion. In a regulatory filing on Thursday, First HoldCo disclosed…

Samsung SDS, the IT services arm of Samsung Group, is exploring stablecoin infrastructure, digital asset systems and AI-based payment models with Dunamu, the operator of Upbit, one of the biggest local cryptocurrency exchanges.Samsung SDS said it is discussing potential cooperation…

Update (July 25, 4:39 pm UTC): This article has been updated to include a response from Wise.Payments company Wise will to change its strategy for applying for a charter license with the US Office of the Comptroller of the Currency…