Friday, June 26

Business

S&P upgrades Nigeria’s credit rating, FG reacts

S&P Global Ratings has upgraded Nigeria’s credit rating from B- to B with a Stable Outlook, an indication that the US-based agency believes Nigeria’s economy is getting better. The improved rating was disclosed by finance minister Taiwo Oyedele in an…

TCN reports 40 vandalism cases in five months

The Transmission Company of Nigeria says it has recorded 40 cases of vandalism since the beginning of the year. However, the company said this represented a reduction in vandalism cases compared to previous years, linking the development to engagements with…

NCAA fines Xejet Airways over passenger rights violations

The Nigeria Civil Aviation Authority has sanctioned a domestic carrier, XEJET Airways, over alleged violations of passenger rights, imposing a fine of N2m on the airline for consumer protection-related infractions. The sanction, according to the Director of Public Affairs and…

CLARITY Act Faces Partisan Fight Over Ethics on Senate floor

The US Senate Banking Committee passed the crypto framework CLARITY Act yesterday.Now, the bill, for which the crypto industry has heavily lobbied since it was introduced in 2025, will head to the Senate floor for a broader debate. As Cointelegraph reported,…

PenCom begins free healthcare scheme for low-income pensioners

The National Pension Commission has commenced the pilot phase of a free healthcare initiative for low-income pensioners under the Contributory Pension Scheme, with registration now open for 30,000 retirees nationwide. The commission, in a notice issued on Friday, said the…

Bitcoin Depot Filing Casts Doubt on Company’s Future Amid Lawsuits

Cryptocurrency ATM company Bitcoin Depot reported “substantial doubts” about the company’s ability to continue operating amid ongoing litigation and a challenging regulatory environment.In a Form 10-Q filing with the US Securities and Exchange Commission (SEC) on Tuesday, Bitcoin Depot chief…

Sterling Financial Holdings posts 75% jump in annual profit

Sterling Financial Holdings reported a 74.8 per cent increase in net profit for 2025, compared to the preceding year, amid improvement across the group’s key revenue streams, according to its audited results released on Friday. The financial services group, which…

Rising energy costs increasing drug prices – May & Baker

May & Baker Nigeria Plc has called on the Federal Government to provide more support for local pharmaceutical manufacturers through improved port clearance processes, better infrastructure, and stable power supply. This follows the firm’s commendation of the duty-free policy on…

Traditional Financial Exchanges Sound Alarm on HYPE’s Commodity Perps

Intercontinental Exchange (ICE) and the Chicago Mercantile Exchange (CME), the two biggest exchanges for energy-linked commodities, are pressuring US regulators to clamp down on the Hyperliquid decentralized exchange’s expansion into commodity markets.Executives from both companies say that Hyperliquid’s energy-linked onchain…

How I was denied entry into South Africa – BUA Chair

The founder of BUA Group, Abdul Samad Rabiu, said South African authorities denied him entry because his visa expired a day before his arrival in 2025, while Europeans were reportedly allowed into the country without visas. The business mogul disclosed…

Solayer Introduces USDC Card with ATM support

Layer-1 blockchain developer Solayer launched a Visa-compatible payment card that allows users to spend USDC balances through in-store, online and contactless transactions.The card supports ATM withdrawals in supported regions and can be ordered through the Solayer Pay app, according to…

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