Business
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…
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…
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…
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 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…
China has reaffirmed Nigeria’s strategic importance in its global economic and development partnerships, describing the country as its largest engineering contracting market in Africa and one of its leading trade and investment partners on the continent. The position was made…
Shares in Bitcoin-focused Strive closed 5.8% higher on Thursday after the company said it will become a “Daily Dividend Company” and revealed it eliminated all debt in the first quarter of 2026. The Vivek Ramaswamy-founded company said the Variable Rate Series…
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,…
Real-world assets (RWA) crossed $32 billion in market value for the first time on Tuesday, as Wall Street’s love affair with tokenization continues to accelerate.JPMorgan was the latest to double down on its interest through a filing with the Securities…
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…
Bitcoin (BTC) is struggling to enter a stronger breakout phase above $80,000, as capital inflows into the BTC market remain below levels seen in past bull runs. BTC futures traders are also staying cautious, while a growing number of investors…
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.…
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…
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…
United Kingdom politician Nigel Farage, the leader of the Reform Party, purchased a property valued at 1.4 British pounds ($1.8 million) after receiving a 5 million pound ($6.7 million) “personal gift” from crypto billionaire Christopher Harborne. The real estate deal closed…
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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