Tuesday, February 3

Business

Aradel achieves 10 million man-hours without injury

Aradel Holdings Plc says it recorded 10 million man-hours without a lost-time injury across its operations as of 21 December 2025. In a statement, the company said the milestone was achieved across all its subsidiaries during a period of expanded…

0M Tokenized Water Infrastructure Planned For Southeast Asia

Blockchain infrastructure firm Global Settlement Network has announced a pilot to tokenize water treatment sites in Jakarta, aiming to eventually scale it out to the rest of Southeast Asia over the next 12 months with $200 million in tokenized assets.Real-world…

Petrol price hike looms as crude crosses /barrel

The pump prices of Premium Motor Spirit (petrol) and other refined petroleum products, including Automotive Gas Oil (diesel), and Household Kerosene, among others, may spike soon as crude oil, the major feedstock for refined fuel, crossed $66/barrel on Wednesday. Brent,…

Power sector loses N187bn as unbilled energy rises

The power sector lost about N187bn to unbilled energy between July and October 2025, as data from the Nigerian Electricity Regulatory Commission revealed that electricity distribution companies failed to issue this amount as bills to customers during the period, underscoring…

Economic stabilisation still fragile, ICAN warns

Nigeria’s economy is showing early signs of stabilisation, but progress remains fragile, the Institute of Chartered Accountants of Nigeria said on Wednesday, emphasising that accountability will be critical to sustaining fiscal reforms and national development. The event, ICAN’s 2026 Economic…

US Senator Hints Crypto Market Structure Bill May Be Delayed

The debate over DeFi and stablecoin reward provisions in the CLARITY Act is at risk of holding the bill back as banking and crypto stakeholders push competing agendas.US Senator Cynthia Lummis reportedly expects the US Senate Banking Committee to delay…

NGX RegCo confirms UBA’s 3.16bn share listing

The Nigerian Exchange Regulation has confirmed the admission of an additional 3.16 billion ordinary shares of United Bank for Africa Plc to the Daily Official List of the local bourse. In the confirmatory letter dated 12 January, which was signed…

Coinbase Withdraws Support For Crypto Market Structure Bill

Major US crypto exchange Coinbase says it has withdrawn its support for the Digital Asset Market Clarity Act, with CEO Brian Armstrong arguing that it would cause far more harm than good to the crypto industry in its current form.“This…

FG bars signature bonus refund as oil reforms continue

The Federal Government has warned prospective investors in the 2025 oil licensing round that any errors, miscalculations, or disappointments arising from the bidding process will be borne entirely by the companies involved, stressing that there will be no refunds of…

Sui Blockchain Recovers From 6-Hour Network Outage

Despite a fix from Sui core developers, the Sui Foundation has not provided details on what triggered the network outage.The layer-1 Sui blockchain is back online and “fully operational” after a six-hour network outage stalled transactions on the high-speed network.“Transactions…

NEITI confirms historic N6tn FAAC disbursements

Nigeria recorded its highest-ever Federation Account Allocation Committee disbursements in the third quarter of 2025, with a total of N6tn shared among the three tiers of government, the Nigerian Extractive Industries Transparency Initiative has said. In its Quarterly Review for…

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