Tuesday, October 13

Business

Ripple Secures Preliminary MiCA Approval Ahead of EU Deadline

Luxembourg’s financial regulator granted Ripple preliminary approval for a crypto asset service provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), the company said Tuesday.Ripple said in a statement that the approval, once finalized, would allow it…

FG issues fresh flood warning to 26 states, FCT

The Federal Ministry of Environment has warned that at least 26 states and the Federal Capital Territory may experience flooding between June 22 and July 5, 2026, following forecasts of heavy rainfall across several parts of the country. In a…

Cooking gas imports rise as govt battles price surge

Liquefied Petroleum Gas (cooking gas) marketers imported 16,642.66 metric tonnes of LPG within the first 19 days of June as part of efforts to bridge domestic supply shortages and ease pressure on consumers facing rising prices. The import volumes formed…

Trump Signs Two Quantum Computing Executive Orders

US President Donald Trump signed two executive orders on Monday to push to build a quantum computer and to focus on creating cryptography that can resist quantum attacks.The orders aim to take a “cohesive, whole-of-government approach” to accelerate the deployment…

Highway jet landing raises fresh security concerns

Questions continue to trail the controversial landing of a private jet on a highway near Asaba, Delta State, with aviation professionals faulting the silence of the Nigerian Airspace Management Agency and describing the incident as a deliberate operation rather than…

US Senate Bans Federal Reserve CBDC in Housing Bill

The US Senate has passed housing legislation that includes a ban on the Federal Reserve creating or working on a central bank digital currency (CBDC) until 2030, which is expected to be quickly taken up and passed by the House.The…

FMCG companies advocate data,  AI-driven supply chains

Fast-moving consumer goods operators have called for the deployment of data, technology, and artificial intelligence to develop stronger supply chain solutions, improve customer service, and drive regional competitiveness across West Africa. The stakeholders made the call at the Route to…

MDAs spend N11.8bn on fuel in four months

The Ministries, Departments and Agencies of the Federal Government have spent N11.85bn on fuel for motor vehicles and generators between January and April 2026, as elevated domestic petrol prices and renewed Iran-US tensions continue to raise concerns over energy costs…

Nigeria’s bn swap deal triggers Fitch warning

Nigeria’s proposed $5bn total return swap financing arrangement could expose the country to additional debt-management and liquidity risks despite its potential benefits, global rating agency Fitch Ratings has warned. In a special report obtained by The PUNCH on Monday, Fitch…

Ethlabs Launches to Scale Ethereum for Institutions

Former Ethereum Foundation contributors and Ether treasury firms Bitmine and Sharplink have backed a new research and development nonprofit that aims to make Ethereum ready for institutional use.Sharplink said on Monday that the organization, Ethlabs, was formed to “ready Ethereum…

PenCom gives MDAs deadline to submit retirees’ details

The National Pension Commission has directed treasury-funded Ministries, Departments and Agencies to submit details of employees who retired or are due to retire between January 1 and December 31, 2026, as part of preparations for the implementation of the Federal…

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