Nigerian banks earned a combined N209.18bn from account maintenance charges in the first quarter of 2026, representing a 14.07 per cent increase from the N183.37bn recorded in the corresponding period of 2025, an analysis of the unaudited financial statements of…

Nine Democratic lawmakers in the US House of Representatives have called on the Federal Trade Commission to launch a probe into how prediction markets are advertising to customers compared to how they present themselves to regulators. In a statement on…

Nigeria has reiterated its commitment to attracting foreign investment and deepening economic ties with global financial institutions as the Federal Government joined other African leaders at the London Stock Exchange on Wednesday to promote stronger Africa-United Kingdom investment relations. The…

Bitcoin’s (BTC) brief plunge toward the $60,000 area triggered more than $600 million in long liquidations, raising doubts over whether the latest rebound marks a real bottom or only a relief bounce after a leverage flush.BTC price may rebound toward…

The Development Bank of Nigeria has disbursed more than N1tn to Micro, Small and Medium Enterprises through participating financial institutions since it commenced operations in 2017. The bank disclosed this in a review of its operations up to December 2025,…

Arthur Hayes’ investment firm Maelstrom said Worldcoin could surge to as high as $5 per token over the next few months, with WLD acting as a crypto proxy for the AI boom.“The AI mega IPOs are coming — and it…

Alpha10 Fund Management Limited has said it plans to help micro, small and medium-sized enterprises gain access to regulated sources of funding by supporting them to meet compliance requirements and become investment-ready. The firm disclosed this in Abuja on Wednesday…

More than two-thirds of accounts banned by Anthropic for policy violations over the last year used AI to help them prepare for cyberattacks, such as writing malware, according to the AI firm. Anthropic said on Wednesday that between March 2025 and…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2026 oil and gas licensing round will commence by the third quarter of 2026, following approval from the Minister of Petroleum Resources. The commission disclosed this in a statement…

Sundry Markets Limited, has grown from a single store in Yenagoa, Bayelsa State, to 41 stores across 19 cities and 15 states, as the parent company of Marketsquare officially marks its 10th anniversary, celebrating a decade of aggressive expansion that…

Ethereum treasury company Bitmine Immersion Technologies is launching a $300 million perpetual preferred stock offering, borrowing a page from Strategy’s financing playbook. Bitmine told the SEC on Wednesday that it intends to offer 3 million of its 9.5% Series A perpetual…

CardinalStone Partners Limited is proud to announce the successful completion of the N21bn Rights Issue of Fidson Healthcare Plc, Nigeria’s foremost indigenous pharmaceutical manufacturer. The transaction closed at an impressive 117 per cent subscription rate, making it one of the…

Retail investors will soon be able to participate in US initial public offerings (IPOs) at the offering price through a new tokenized equities program from Payward Services, a Kraken-affiliated company.In a Wednesday announcement, Payward Services said customers of Kraken and…

Quest Merchant Bank Limited has strengthened its market position following GCR Ratings’ affirmation of the bank’s national scale issuer ratings of BBB(NG) and A3(NG), alongside an outlook revision to stable from rating watch negative. The ratings action marks a significant…

The US Commodity Futures Trading Commission has rescinded a long-standing policy that prevented it from accepting a lawsuit settlement if the defendant denied the agency’s allegations.The CFTC said on Wednesday that it scrapped the policy, first adopted in 1998, because…