Business
The National Bureau of Statistics (NBS) has signed a Memorandum of Understanding (MoU) with the Agricultural Research Council of Nigeria (ARCN) to strengthen collaboration on agricultural research data and improve statistics within the sector. The…
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The US Commodity Futures Trading Commission has rescinded a long-standing policy that prevented it from accepting a lawsuit settlement if the defendant denied the agency’s allegations.The CFTC said on Wednesday that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…
The Nigerian Electricity Regulatory Commission has commenced the implementation of the Net Billing Regulations 2026, creating a framework that will allow eligible electricity consumers with renewable energy systems, particularly solar installations, to generate electricity for their own use and sell…
Binance disclosed a revenue-sharing arrangement with custodian and brokerage infrastructure API provider Alpaca, which has become a major infrastructure provider in the custody of tokenized US stocks and exchange-traded funds (ETFs).Under Binance Securities Trading Terms published Tuesday, Binance will receive…
The International Finance Corporation and Standard Chartered Bank have launched a $300m risk-sharing facility to expand access to supply chain finance for businesses across eight African countries, including Nigeria, as firms on the continent continue to grapple with funding shortages.…
Key points:Bitcoin risks falling below $65,000, but lower levels are likely to attract solid buying by the bulls.HYPE, ZEC and XLM look strong on the charts while other major altcoins risk resuming their downtrend.Bitcoin (BTC) is attempting a bounce off…
Nigeria’s small and medium-sized enterprises need more than access to finance to thrive, according to FCMB’s Senior Vice President and Divisional Head of Business Banking, George Ogbonnaya, who highlights infrastructure, skills and digital transformation as critical growth drivers, in this…
Fintech company Revolut plans to offer stablecoins through its future US bank, Reuters reported Wednesday, citing comments from the company’s US CEO, Cetin Duransoy.Duransoy told the news service that customers of the bank, which is expected to launch next year,…
Africa can unlock more than $469bn in additional annual revenue without raising statutory tax rates, according to the African Development Bank. Chief Economist and Vice President for Economic Governance and Knowledge Management at the African Development Bank, Prof Kevin Urama,…
US Treasury Secretary Scott Bessent told Senate lawmakers that his department is pushing to establish a strategic Bitcoin reserve and digital asset stockpile more than a year after it was called for in an executive order from President Donald Trump.Speaking…
Grimaldi Agency Nigeria has clarified reports regarding the company’s sale of empty shipping containers. The company also refuted reports that it sold 2,500 empty containers, describing such claims as false and unsupported by facts. In a statement issued on Wednesday,…
Israeli taxpayer disclosures of profits from cryptocurrencies have reportedly fallen short of expectations at the Israel Tax Authority after enactment of a policy allowing immunity from criminal proceedings for filers correcting their reports.According to a Wednesday report from Globes, Israeli…
Wyoming Governor Mark Gordon has signed an executive order establishing a framework for developing data centers and advanced computing facilities, underscoring the state’s push to attract AI infrastructure investment as demand for computing power accelerates.In an order published Wednesday, titled…
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