Business
JAPANMetaplanet’s executive stock pool sparks shareholder backlashJapanese Bitcoin treasury company Metaplanet’s executive stock pool continues to draw shareholder backlash over stock dilution concerns. Multiple shareholders objected across social media to Metaplanet’s 10th Series executive option pool,…
Indonesia’s financial regulator has introduced certification requirements for influencers who recommend crypto and other digital financial assets, as the country expands oversight of financial promotions on social media.Under Financial Services Authority Regulation No. 6 of 2026, announced Wednesday, individuals recommending…
The average retail price paid by Nigerians for Premium Motor Spirit (PMS), popularly known as petrol, rose to ₦1,596.25 per litre in May 2026, reflecting the continued pressure of high fuel costs on households and businesses across the country. The…
The management of Dangote Petroleum Refinery and Petrochemicals has denied claims by S&P Global that Nigerian marketers are re-importing the fuels it exports to the Lomé trading hub in Togo, describing the claim as “unfounded and misleading”. “Management states unequivocally…
Update, June 24, 2026, 2:14 pm UTC: This article was updated to include Strategy’s MSTR shares trading below $100 for the first time since March 1, 2024, according to Yahoo Finance data.After Strategy’s dividend coverage fell to 14 months from…
Fresh data released by the Central Bank of Nigeria reveals that credit to the Federal Government rose sharply over the 12 months ending in May 2026. The surge highlights an aggressive public sector appetite for borrowing despite the prevailing tight…
The American Arbitration Association and a broad coalition of tech, crypto, and enterprise companies have launched the Legal Context Protocol, an open standard designed to add a legal layer to agentic AI transactions.The not-for-profit American Arbitration Association (AAA) announced LCP with…
The Nigerian Content Development and Monitoring Board has said African countries are studying its local content model to set up theirs. The board stated this recently while hosting a delegation from the Ghana National Petroleum Corporation on a benchmarking and…
A group of Democratic US House lawmakers is questioning the US securities regulator over how it is overseeing investment advice and trading powered by artificial intelligence.In a letter to SEC Chair Paul Atkins dated Tuesday, the lawmakers said that platforms…
The Nigeria Extractive Industries Transparency Initiative has warned that Nigeria could lose significant foreign investment in its oil, gas and mining sectors if the country performs poorly in the forthcoming validation exercise of the Extractive Industries Transparency Initiative. The Executive…
A vulnerability in Cardano-based wallet SecondFi allowed attackers to drain user funds, resulting in major losses.SecondFi on Wednesday confirmed it had identified the root cause of the exploit and is now engaging with Cardano ecosystem platforms and blockchain investigators to…
The Federal Government has unveiled a 505-kilowatt interconnected solar mini-grid in Epe, Lagos State, and flagged off the development of an additional five-megawatt mini-grid project as part of efforts to expand electricity access and stimulate economic activities in the area.…
Decentralized finance platform Abracadabra said Wednesday that it launched emergency measures after its crypto-collateralized stablecoin, Magic Internet Money (MIM), fell 50% below its $1 peg. “We’re acutely aware of the MIM depeg and are taking emergency actions to remedy the situation,”…
The National Association of Stevedoring Operators has expressed its commitment to actively engage the Nigerian Ports Authority and the Nigerian Maritime Administration and Safety Agency to develop an industry-wide equipment upgrade roadmap that is calibrated to what Nigerian stevedoring operators…
US-based prediction market platform Kalshi is reportedly in talks to raise funds at a $40 billion valuation, nearly doubling its $22 billion valuation in May.The company could close the new funding round as soon as the third quarter of this…
A maritime research group, Sea Empowerment and Research Centre, has described the six-month tenure extension of the Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, granted by President Bola Tinubu, as a strategic opportunity to consolidate ongoing reforms, strengthen institutional…
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