Monday, February 2

Business

Interactive Brokers Allows Account Funding With USDC

Electronic brokerage giant Interactive Brokers has expanded its crypto offering, allowing clients to fund their accounts using stablecoins.Interactive Brokers said on Thursday that it inked a collaboration with stablecoin infrastructure provider zerohash to allow clients to fund their accounts with…

International Breweries Plc appoints new managing director

International Breweries Plc (IBPLC) has announced the appointment of Nicholas Kade as the its new Managing Director, effective 1 March. The company made the disclosure in a statement signed by its Company Secretary, Temitope Oluwatosin, on Thursday in Lagos. It…

UCIF appoints new investment committee members

The Board of Directors of United Capital Plc has announced the appointments of four highly experienced infrastructure investment experts as independent members of the Investment Committee of the United Capital Infrastructure Fund. According to the firm, the appointments have been…

Ethereum Activity Retention Doubles With Record Transactions

Ethereum network activity has shown a sharp increase in new users, with “activity retention” almost doubling over the past month, according to crypto on-chain analytics platform Glassnode.Month-over-month “activity retention” shows a sharp spike in the new cohort, “indicating a surge…

Africa leads gender inclusion in private capital – AVCA

The African Private Capital Association has disclosed that Africa’s investment teams outperform global averages for women in senior roles. This was one of the findings of its Gender Diversity in African Private Capital Report, which was released on Wednesday. The…

Iran Turns to Crypto Amid Collapsing Economy, Protests

Crypto usage in Iran has spiked amid the country’s mass protests, with a surge of Iranians withdrawing Bitcoin to preserve value amid instability, according to Chainalysis.Protests in Iran began around Dec. 28 over worsening economic conditions, after the Iranian rial…

Olam Agri named Top Employer for sixth straight year

Agribusiness Olam Agri has been recognised by the Top Employers Institute as a Top Employer 2026 in Nigeria for the sixth consecutive year. This was disclosed in a statement made available to The PUNCH, where the firm said the recognition…

DeadLock Malware Exploits Polygon Smart Contracts to Hide

A recently-discovered ransomware dubbed “DeadLock” is stealthily exploiting Polygon smart contracts to rotate and distribute proxy addresses, say researchers at cybersecurity firm Group-IB.The company reported on Thursday that the DeadLock ransomware, first discovered in July, has seen “low exposure” as…

Recapitalisation: 20 banks hit capital mark ahead of deadline

The Central Bank of Nigeria has said that about 20 deposit money banks have already met the new capital requirements under the ongoing banking recapitalisation programme, as the apex bank shifts focus toward ensuring that stronger balance sheets translate into…

Nexo To Pay 0K Fine Over ‘Risky’ Crypto-Backed Loans

Crypto lending company Nexo Capital will pay a $500,000 to California’s financial regulator over allegations it issued thousands of loans to state residents without properly assessing their ability to repay.The California Department of Financial Protection and Innovation (DFPI) said on…

Inflation drops to 15.15% after NBS review

Nigeria’s headline inflation rate eased to 15.15 per cent in December 2025 following a methodological review by the National Bureau of Statistics, marking a sharp moderation in price pressures compared with both the preceding month and the same period last…

Kaito Sunsets Yap as X Bans Payments for ‘AI Slop’

The Kaito.ai and Cookie DAO tokens fell over 15% after X’s ban, a move X’s head of product Nikita Bier said should improve user experience on the social media platform.Artificial intelligence-powered crypto platforms such as Kaito.ai and Cookie DAO have…

Delta closes 100th year with .4bn operating revenue

International airline Delta has reported $63.4bn in operating revenue in 2025, a strong close to its centennial year. This was disclosed in a statement on Thursday announcing its performance for last year. For the full year, Delta generated $63.4bn in…

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