Monday, October 12

Business

Lagos port terminal to get m capacity upgrade

The Port and Terminal Multiservices Limited has unveiled a proposed fresh investment of $50m in its terminal as part of efforts to strengthen port infrastructure, expand capacity, boost operational efficiency, and support Nigeria’s ambition of becoming the leading maritime hub…

Manufacturers remit record N330bn VAT in three months

Nigeria’s manufacturing sector remitted a record N329.59bn in Value Added Tax in the first quarter of 2026, the highest quarterly VAT contribution by the sector in four years and the largest share recorded by any economic activity during the period.…

Kraken, Maple Launch Onchain Warehouse Facility for Crypto Loans

Crypto exchange Kraken and onchain asset manager Maple have launched an onchain warehouse financing facility for crypto-backed loans, applying a lending structure widely used in traditional credit markets to institutional digital asset lending. According to Thursday’s announcement, the facility will fund…

Nigeria, France deepen cooperation in agribusiness

The Lagos Business School and the French Government have identified agribusiness and food systems as key areas for deeper collaboration between Nigeria and France, with both parties pushing for partnerships in value chains, logistics, agro-processing, and agricultural technology to unlock…

BitGo Lays off 15% of Staff in Stablecoin, AI Focus

Crypto infrastructure company BitGo Holdings laid off about 15% of its staff on Thursday as its CEO pledged to focus the company on areas including trading, stablecoins and artificial intelligence.“Today I’m sharing a hard decision: we are reducing our workforce…

Experts advocate ethical journalism in maritime reporting

Stakeholders in the media have called for ethical journalism in the maritime sector, adding that its importance cannot be overemphasised. The stakeholders made this known on Tuesday in Lagos during the inauguration of the newly elected executives of the Maritime…

52% of UK wealth advisers can’t see clients’ crypto

A survey arranged by digital asset services provider CoinShares found that more than half of UK-based financial advisers reported the bulk of their clients’ crypto holdings were outside their oversight.According to the results of a CoinShares survey released on Thursday,…

NCGC, SMEDAN partner to expand MSME financing

The National Credit Guarantee Company Limited and the Small and Medium Enterprises Development Agency of Nigeria have signed a Memorandum of Understanding to improve access to finance for Micro, Small, and Medium Enterprises across the country. The agreement, signed at…

Zedvance Finance appoints three board directors to drive growth

A non-bank financial company, Zedvance Finance Limited, has appointed three professionals to its Board of Directors as part of efforts to support the company’s growth strategy. The appointments were announced in a statement made available on Thursday. The newly appointed…

FG hands over Enugu Airport to private operator

The Federal Government has formally handed over the management and operation of the Akanu Ibiam International Airport, Enugu, to Aero Alliance Limited under a public-private partnership arrangement, ending years of unsuccessful attempts to concession the facility. The transfer was sealed…

Daylong Group seeks to end agric supply chain fragmentation

A Lagos-based agribusiness firm, Daylong Group, has said that it is tackling long-standing challenges in Nigeria’s agricultural value chain by investing in processing infrastructure, product certification, and traceability systems aimed at reducing food imports and boosting exports. According to a…

Bitcoin Rebounds Off Yearly Lows But US Stocks Flash Warning Sign

Key takeaways:Surging spot Bitcoin ETF outflows and a put-heavy options expiry point to fading institutional demand.Risk-reward shifts toward tech stocks, leaving crypto traders to seek catalysts beyond macroeconomic tailwinds.Bitcoin (BTC) traded down 9% in three days, hitting its lowest level…

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