Sunday, June 21

Business

Ready Restricts USDC Card Access Outside EEA

Ready, a self-custodial crypto wallet and payments company, has reportedly restricted card access for users outside the European Economic Area, according to multiple user reports.Ready has restricted USDC card functionality for users outside the European Economic Area following a change…

CBN-licensed fintech to boost cashless payment

Financial technology firm Xpress Payment Solutions Limited has pledged to accelerate its deployment of secure, frictionless transaction platforms to meet the demands of Nigeria’s rapidly evolving cashless economy. The company, which operates under the Central Bank of Nigeria’s premium Switching…

Inveniam to Acquire Mantra After Turbulent Year Marked by OM Crash

Data infrastructure company Inveniam Capital Partners announced plans to acquire layer-1 blockchain Mantra and its affiliated entities, deepening its push into tokenized real-world assets (RWAs).The transaction follows a $20 million strategic investment made by Inveniam in Mantra in August 2025,…

Telcos under pressure to resolve fibre broadband bottlenecks

Telecommunications operators and regulators are under growing pressure to address bottlenecks slowing Nigeria’s fibre broadband rollout as industry stakeholders prepare for a high-level policy forum in Lagos. The Association of Telecommunications Companies of Nigeria said the issues surrounding fibre-to-the-home deployment…

FirstBank daily loan payouts hit N1bn milestone

First Bank of Nigeria Limited has crossed a significant digital lending threshold, recording a historic N1bn single-day disbursement on its flagship salary-backed digital loan product, FirstAdvance. The financial institution announced on Monday that the breakthrough underscores a sharp increase in…

China Central Bank Monitors Stablecoins’ Cross-Border Role

China’s central bank is paying closer attention to stablecoins as privately issued digital currencies take on a potentially larger role in the international monetary system and cross-border payments.Wang Xin, director general of the Research Bureau at the People’s Bank of…

Ecobank boosts SME support at 2026 Adire fair

Ecobank Nigeria has reiterated its commitment to driving the growth of Small and Medium Enterprises and promoting local industries as the fifth edition of the Ecobank Adire Lagos Experience concluded successfully on Sunday, 14 June 2026. The four-day international exhibition,…

Bitcoin Traders Weigh in on BTC After FOMC With ,000 Still a Target

Bitcoin (BTC) fell below $65,000 on Wednesday as traders predicted the impact of a key macro event.Key points:Bitcoin approaches the next Fed interest-rate decision near important support.BTC price analysis warns that “bearish” moves typically accompany FOMC days.$55,000 remains on the…

CIPM flags risks in unregulated AI adoption

The Chartered Institute of Personnel Management of Nigeria has warned that the rapid and unregulated adoption of artificial intelligence across workplaces, academia, and government could create ethical, social, and governance risks if not properly managed. The warning was issued during…

BitGo Launches MiCA Crypto Infrastructure In Europe

BitGo, a crypto custody company, is moving into Europe’s tighter regulatory landscape as exchanges race to maintain access ahead of a key licensing deadline.BitGo Europe launched a crypto-as-a-service platform aimed at meeting the European Union’s Markets in Crypto-Assets Regulation (MiCA),…

Incoming NIA boss outlines reform vision

The incoming Chairman of the Nigerian Insurers Association, Ebelechukwu Nwachukwu, has unveiled a comprehensive strategic blueprint aimed at driving industry compliance, breaking public trust deficits, and deepening market penetration under the new regulatory framework. Speaking at a pre-investiture press conference…

Foreign investors buy .3bn Nigerian bonds in three months

Foreign investors channelled $3.23bn into Nigerian bonds in the first quarter of 2026, highlighting a strong appetite for the country’s fixed-income securities amid elevated interest rates and improving confidence in the foreign exchange market. Data from the latest capital importation…

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