The Federal Government has explained the delayed publication of recent Quarterly Budget Implementation Reports, saying fiscal years are defined by legislative provisions and not strictly by the January-to-December calendar cycle. In a statement issued on Sunday, the Director-General of the…

Crypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the US until next year.The company, whose corporate name is Payward, laid off about 150 workers…

Nigeria’s hard-won progress on financial transparency is facing a fresh threat as thousands of inactive companies on the platform of the Corporate Affairs Commission (CAC) continue to operate bank accounts without restrictions, potentially undermining reforms that helped the country exit…

At the 2026 Africa Forward Summit, convened by Kenyan President William Ruto and French President Emmanuel Macron, the Founder and Group Chair of Heirs Holdings, Tony Elumelu, called for a shift in Africa’s global partnerships, stressing that the continent seeks…

Rising oil prices since the US-Israeli war have been a consistent weight on the price of Ether for the last three months, according to Fundstrat co-founder Tom Lee. “If one is wondering why Ethereum has been under selling pressure … to…

Nigerian stocks continued their upward trajectory last week as the benchmark index expanded by 2.3 per cent, taking the year-to-date yield of the market to 60.9 per cent. Industrial goods stocks were the main driver. “Investors are expected to continue…

Chivita, a trusted fruit juice brand in Nigeria, has said that it is reinforcing its commitment to healthier living, wellness, and purposeful innovation across its product range, including Chivita Fruit Juice, Chivita Active, Chivita Happy Hour, Chivita Ice Tea, and…

The US Senate’s crypto market structure bill could take until August to pass and risks not advancing at all if lawmakers cannot pass it before the midterms, said Greg Cipolaro, head of research at financial services firm NYDIG.Patrick Witt, a…

In a recent interview with Reuters, Oando’s Group Chief Executive, Wale Tinubu, set out more than a financing strategy, outlining a structural shift in how Africa must think about funding its future. As Oando advances plans to raise about $750m…

Crypto analysts are divided over whether markets will see a major Bitcoin sell-off in May, a pattern that has emerged in the last two bear markets during US mid-term election years. In May 2018, Bitcoin crashed from nearly $10,000 to about…

Coronation Asset Management has launched the Coronation Equity Fund, an open-ended collective investment scheme designed to give investors exposure to the long-term growth potential of the Nigerian equities market. A statement from the firm stated that the launch comes after…

The decision to clear over $7bn in unsettled foreign exchange obligations has boosted investor confidence, as rising diaspora remittances, portfolio investments, and non-oil export earnings have strengthened reserves and accelerated recovery in Nigeria’s foreign exchange market, JIDE AJIA writes The…

Asset managers Grayscale and VanEck filed amended S-1 registration statements for their respective spot BNB exchange-traded funds on Friday, bringing the cryptocurrency one step closer to becoming an approved US crypto ETF. Grayscale filed its second amendment, while VanEck submitted its…

With the July 31 deadline firmly in place, several insurance companies are intensifying efforts to raise fresh capital through rights issues, private placements, mergers, and acquisitions in a bid to avoid regulatory sanctions and possible licence withdrawal, reports JIDE AJIA…

The Director-General of the Niger Chamber of Commerce, Industry, Mines and Agriculture, Adamu Salihu, has described the Dangote Group as a transformative force in Africa’s economic renaissance, saying the conglomerate is “not only industrialising Nigeria, but indeed the whole of…