Business
Cryptocurrency traders are no longer using Bitcoin (BTC) profits to buy altcoins as they did in previous bull cycles, raising doubts about whether a broad “altseason” can return.Key takeaways:Bitcoin-to-altcoin rotation trend has collapsed to its…
The National Pension Commission and the National Union of Road Transport Workers have begun discussions on a partnership aimed at enrolling an estimated nine million transport workers into the Personal Pension Plan under Nigeria’s Contributory Pension Scheme. The initiative was…
President Bola Tinubu on Wednesday reaffirmed Nigeria’s commitment to unlocking the economic potential of its oceans, saying the country is targeting five million new ocean-based jobs while seeking stronger African collaboration to tackle illegal fishing and maritime insecurity. Tinubu stated…
Aave’s native cryptocurrency could reach $175 under a one-year base-case scenario as asset managers increasingly apply traditional finance valuation models to decentralized finance (DeFi) tokens, according to a new report by Grayscale Research.The digital asset manager said Aave could generate…
The Central Bank of Nigeria’s ambition to transform its payment ecosystem through biometric-driven and “invisible” transactions may redefine how millions of citizens pay for goods and services, but the bank has warned that the country’s preparedness on data privacy, identity…
Stablecoin issuer Tether is winding down Alloy by Tether and its gold-backed, overcollateralized aUSDT stablecoin after just two years to focus on products and areas with stronger demand. Tether announced its “strategic changes” on Wednesday following a review of user activity,…
First HoldCo Plc (“FirstHoldCo” or “the Group”) hereby notifies the Nigerian Exchange Limited (NGX), its shareholders, and the investing public that it has successfully completed the ₦45 billion second tranche of its ongoing ₦350 billion Private Placement programme, having secured…
The Federal Government has directed all Ministries, Departments and Agencies to immediately discontinue the deduction of one per cent stamp duty from payments made to contractors, vendors, suppliers and service providers, citing the provisions of the Nigeria Tax Act 2025.…
A 56-year-old Florida resident has pleaded guilty in federal court to conspiracy to operate an unlicensed money-transmitting business in connection with a $1.8 billion fraudulent crypto platform.According to a statement from the United States Attorney’s Office for the District of…
The Federal Government on Wednesday dismissed reports suggesting it had adopted or was considering the introduction of new taxes on telecommunications services and petroleum products following recommendations contained in the latest IMF Article IV Consultation Report on Nigeria. The government…
Michelle Bond, the wife of former FTX executive Ryan Salame, will face illicit campaign finance charges after a judge rejected her argument that prosecutors promised Salame that she would be cleared if he pleaded guilty.Manhattan federal judge George Daniels on…
Rand Merchant Bank has concluded a landmark cross-border infrastructure project deal to finance critical regional transport assets from Nigeria to the Niger Republic. The bank acted as the Global Coordinator and initial Mandated Lead Arranger for the provision of $1.8bn…
Jack Dorsey’s financial services firm Block rolled out a new suite of AI-native tools on Wednesday, which it says can execute around 15% of all production code changes across the company. The new AI tooling, Builderbot, is able to execute over…
An Air Peace aircraft operating a scheduled flight from Abuja to Kano has been grounded after experiencing a bird strike upon arrival at the Mallam Aminu Kano International Airport. The airline disclosed the incident on Wednesday, saying the aircraft was…
The Federal Government on Wednesday disclosed that Nigeria’s solid minerals sector has attracted about $3bn in investments within the last three years, describing the inflow as one of the most significant achievements recorded in the industry’s history. The government said…
France’s national cybersecurity agency ANSSI said Tuesday that it will stop certifying security products that lack quantum-resistant encryption, reflecting growing concern among governments about quantum threats to cryptography. ANSSI chief of staff Samih Souissi said at the France Quantum 2026 Summit…
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