Monday, October 12

Business

BOA partners UNDP to modernise agricultural financing

The Bank of Agriculture has unveiled a strategic roadmap aimed at modernising its operations, expanding grassroots financial inclusion, and accelerating agricultural transformation in line with the Federal Government’s food security agenda. The Managing Director and Chief Executive Officer of the…

Nigeria, EU deepen partnership to boost investments, trade

The Federal Government and the European Union have reaffirmed their commitment to deepening their strategic economic partnership as part of efforts to attract greater investment, expand trade, and accelerate sustainable economic growth, according to a statement by the EU Delegation…

Nigeria draws .5bn UAE loan despite IMF concerns

The Federal Government has drawn down $1.5bn from a $5bn financing facility arranged with the United Arab Emirates’ largest lender, First Abu Dhabi Bank, despite growing concerns from global financial institutions over the increasing use of complex derivative financing by…

Old ETH Wallet Selling Tests Whale Conviction at .5K

Eight-year-old Ether (ETH) wallets have started moving coins for the first time since 2017, adding fresh supply to the market as Ether trades just above $1,500. Onchain data shows 37,806 ETH from long-dormant addresses became active, while separate whale transactions…

SEC, CFTC Seek Input on Unified Portfolio Margin Rules

The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have opened a joint public consultation on whether to better align portfolio margin rules across securities and derivatives markets, seeking feedback on approaches that could expand cross-margining…

NCAA fines Saudi Airlines ₦6 million for alleged violations

The Nigerian Civil Aviation Authority (NCAA) has imposed a ₦6 million fine on Saudi Airlines for what it described as consumer-protection-related violations. Michael Achimugu, Director of Public Affairs and Consumer Protection at the NCAA, disclosed this on Friday. Mr Achimugu…

CryptoQuant Warns Strategy as CBOE Eyes Crypto Perpetual Futures

This week, crypto analytics company CryptoQuant challenged the prevailing narrative around Michael Saylor’s Strategy, urging the company to pause Bitcoin purchases and rebuild its cash reserves. The warning came after its dividend coverage fell to just 14 months from roughly…

Chams HoldCo appoints new board of directors chair

Chams Holding Company Plc has announced the appointment of Segun Oloketuyi as the Chairman of its Board of Directors, effective 9 July. The board approved the appointment in line with the company’s governance processes and applicable regulatory requirements, Chams Holding…

AscendEX Exchange Reportedly Faces Liquidity Issues: ZachXBT

Multiple users have reported issues withdrawing funds from cryptocurrency exchange AscendEX, which blockchain investigator ZachXBT said may be showing signs of liquidity issues.An X account using the name Lorenzo Navarro Rodriguez said in a Tuesday post that a 4,196 USDT…

CBN, trade ministry speak on AfCFTA trade reforms at Citibank forum

The Central Bank of Nigeria (CBN) and the Federal Ministry of Industry, Trade, and Investment have called for stronger private-sector participation in policy formulation. The two institutions said greater business input is needed to reduce cross-border trade barriers and accelerate…

Framework Ventures Expands Into AI, Raises 0M Fund

Framework Ventures, a venture capital company that backs crypto platforms, has closed its fourth fund while expanding its investment strategy beyond blockchain.The San Francisco-based investor has raised $400 million to target “frontier technology,” including investments in crypto and technologies such…

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