Friday, June 26

Business

ASIC Extends No-Action Relief for Digital Asset Firms

The Australian Securities and Investments Commission (ASIC) has given digital asset businesses another three months to apply for licenses required under its updated regulatory guidance.Australia’s financial regulator said that the temporary protection from enforcement would…

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Bitcoin ETFs Post Largest Outflows Since January as BTC Slips

US spot Bitcoin exchange-traded funds (ETFs) posted their largest daily outflow since January as Bitcoin struggled to hold the $80,000 level after a sharp rebound from April lows.Bitcoin (BTC) funds recorded $635.2 million in outflows on Wednesday, extending $233.3 million…

Gemini Revenue Jumps 42% With Credit Cards and New Licenses

Crypto company Gemini reported a 42% year-over-year increase in revenue in Q1 2026 as it continued its growth from a pure crypto exchange to a financial services company.Total revenue for the Winklevoss twins’ company grew 42% year over year to…

Nigeria attracting bn FDI in 2026, says Tinubu

President Bola Tinubu on Thursday said Nigeria is on course to attract close to $20 billion in foreign direct investment in 2026 alone. He attributed the figure to his administration’s systematic removal of regulatory bottlenecks, macroeconomic stabilisation, and transparency reforms.…

Crypto Data Company Dune Cuts 25% of Staff

Crypto data company Dune said it is laying off 25% of its workforce, citing a need to restructure its business to focus on its core products.“We’re restructuring Dune to sharpen our focus around the core data products thousands of customers…

Heirs Insurance deepens financial inclusion with AI platform

Heirs Insurance Group has launched what it described as Nigeria’s first multi-language generative artificial intelligence assistant for the insurance industry, as the company intensifies its push for digital transformation and broader financial inclusion. The new AI platform, named Prince AI,…

Nigeria’s green bond borrowing rises by N47bn

Nigeria’s borrowing through green bonds rose by N47.36bn within one year, highlighting a gradual shift by the Federal Government towards climate-linked financing as it seeks to diversify funding sources and support sustainable development. Green bonds are debt instruments issued by…

Customs, NDLEA intercept N16bn cannabis shipment

The Nigeria Customs Service, Tincan Island Command, has collaborated with the National Drug Law Enforcement Agency to intercept 8,347 packages of cannabis indica weighing 4,173.5 kilogrammes, with an estimated street value of N16.694bn, at the Tincan Island Port in Lagos.…

Who Supports CLARITY on the US Senate Banking Committee?

The CLARITY Act, the crypto lobby’s long-awaited regulatory framework, is finally headed to a markup session in the United States Senate Banking Committee.It’s been a long road. The bill passed the House of Representatives on July 17, 2025, and has…

Banking sector needs ethical rebirth, says CIBN

The Chartered Institute of Bankers of Nigeria has issued a stern warning to financial institutions regarding the surge in insider-related fraud, calling for an urgent return to ethical standards in recruitment and operations. Speaking at the 2026 Annual General Meeting…

Guinness Nigeria reports N41bn profit

Guinness Nigeria Plc has reaffirmed its focus on sustainable growth, operational efficiency, and corporate transparency following a media engagement session held in Lagos. During the engagement, the company highlighted milestones recorded since the start of its strategic reset initiative, including…

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