Monday, October 12

Business

Unilever Nigeria Plc appoints new executive director

Unilever Nigeria Plc has appointed Modupe Femi-Okunbanjo as an Executive Director following the resignation of Ibrahim Sodipe, effective 30 June. The company disclosed the appointment in a regulatory filing on Monday, praising Mr Sodipe’s contributions to the company. It stated…

Bitcoin Miner Ionic Digital Files for Nasdaq Direct Listing

Bitcoin miner-turned-AI infrastructure company Ionic Digital has filed for a Nasdaq direct listing that could give former Celsius creditors a public market for shares they received through the bankrupt lender’s restructuring.Registered stockholders may sell up to 10.8 million Class A…

Nigeria’s lithium, copper reserves key to clean energy transition

The Federal Ministry of Solid Minerals Development has received a new report identifying Nigeria’s abundant lithium, copper and bauxite deposits as strategic resources capable of accelerating the country’s transition to clean energy and supporting domestic industrialisation. The report, presented on…

Sovereign Funds Buying Bitcoin Dip, MidChains CEO Says

Sovereign wealth funds have been accumulating spot Bitcoin, a sign that Bitcoin’s current price level is becoming attractive to institutional investors, according to MidChains CEO Basil Al Askari.While there has been a slowdown in retail crypto market participation, the opposite…

FAAN restores operations after flooding disrupts Lagos airport terminal

The Federal Airports Authority of Nigeria (FAAN) says flight operations have resumed at the temporary international terminal at Murtala Muhammed International Airport (MMIA), Lagos, after flooding disrupted operations at the facility. Henry Agbebire, FAAN’s Director of Public Affairs and Consumer…

What’s Changing With Australia’s Crypto Travel Rule

Crypto exchange users in Australia will soon face stricter rules on all transfers as the country’s travel rule is set to come into force on Wednesday, aligning it with similar rules in the EU, US and UK.From July, all crypto…

FG engages marketers as global oil prices decline

The Federal Government says it is engaging petroleum marketers and industry regulators to address concerns over fuel pricing and ensure Nigerians benefit from falling global crude oil prices. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele,…

ARK Invests Buys .5 Million in Crypto-Related Stocks

Latest NewsPublishedJun 30, 2026ARK Invest’s biggest crypto stock purchases over the past three trading days were Coinbase and Circle, whose shares have fallen 17% and 27.6%, respectively, over the past month.Tech-focused asset manager ARK Invest has capitalized on the recent…

Bitmine ETH Holdings Reach 5.7M After Joining Russell 1000

Ether treasury company Bitmine Immersion Technologies added more than 27,000 Ether to its holdings last week as the firm joined the Russell index tracking the largest 1,000 US companies.Bitmine said Monday that after its latest $43 million purchase, it held…

SEC Wins .4 Million Crypto Fraud Case

The US Securities and Exchange Commission has won its fraud suit against crypto platform NanoBit Limited, nearly two years after the agency accused it of stealing hundreds of thousands of dollars from at least 18 investors between 2023 and 2024.The…

Germany Leads MiCA Crypto Licensing Race Across Europe

Update 2:00 pm UTC, June 29: Added comment from Germany’s Federal Financial Supervisory Authority (BaFin).The European Union’s Markets in Crypto-Assets Regulation (MiCA) framework is producing uneven crypto licensing across member states and European Economic Area (EEA) jurisdictions, with Germany leading…

UK Sets Final Crypto Rules as Firms Face 2027 FCA Authorization Deadline

The UK’s Financial Conduct Authority (FCA) has published its landmark crypto regulatory framework, marking the completion of its crypto roadmap seeking to bring digital assets under the regulator’s purview. Significant new elements include mandatory licensing for crypto firms, capital stress-testing requirements,…

Bitcoin Holds K As Selling Slows But Bottom May Not Be In

Bitcoin (BTC) trades at an important inflection point as retail investors are selling, big institutions are in a hold despite the discounted valuation and the market is paused at $60,300—awaiting the next significant move. The situation reveals two very different…

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