Tuesday, October 13

Business

Ledn Launches Tether Gold-Backed Loans With XAUt Collateral

Bitcoin lending platform Ledn has expanded its services to include Tether Gold (XAUt), allowing investors to hold the tokenized asset and borrow against it in much the same way they can borrow against Bitcoin.Ledn announced Thursday that clients can use…

Bayelsa govt yet to decide tariff

The Bayelsa State Government has said it is yet to decide on the tariffs for usage of its gas-powered 60 megawatts electricity plant. Ebiuwou Koku-Obiyai, the commissioner for information, orientation and strategy, stated this in an interview with the News…

Dangote refinery cuts diesel, jet fuel prices

The Dangote Petroleum Refinery has lowered its gantry prices for Automotive Gas Oil (diesel) and Aviation Turbine Kerosene (jet fuel). According to data from Petroleumprice.ng, the Dangote refinery reduced the diesel gantry price by N100, from N1,700 per litre to…

Capital B Gains Authority to Raise Up to 0B for Bitcoin

France-listed Bitcoin treasury company Capital B’s shareholders approved a delegation of new capital-raising instruments that may bring up to 105 billion euros ($120.4 billion) in funding to fuel the company’s Bitcoin acquisitions.Over 95% of shareholders approved the establishment of up…

NDPHC vows stable electricity to support businesses

The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Jennifer Adighije, has reaffirmed the company’s commitment to delivering reliable and sustainable electricity across Nigeria, stressing that stable power supply remains critical to deepening democracy and…

G7 Flags North Korean Cybercrime After B Stolen in 2025

Group of Seven (G7) leaders have renewed their call for joint action against North Korean cryptocurrency thefts and cybercrime.In a statement adopted at this week’s G7 summit in Évian-les-Bains, France, the leaders expressed “deep concern” over North Korea’s nuclear and…

PenCom, NURTW target nine million pension enrolment

The National Pension Commission and the National Union of Road Transport Workers have begun discussions on a partnership aimed at enrolling an estimated nine million transport workers into the Personal Pension Plan under Nigeria’s Contributory Pension Scheme. The initiative was…

Tinubu targets five million jobs from blue economy

President Bola Tinubu on Wednesday reaffirmed Nigeria’s commitment to unlocking the economic potential of its oceans, saying the country is targeting five million new ocean-based jobs while seeking stronger African collaboration to tackle illegal fishing and maritime insecurity. Tinubu stated…

Grayscale Applies Wall Street Valuation Models to AAVE

Aave’s native cryptocurrency could reach $175 under a one-year base-case scenario as asset managers increasingly apply traditional finance valuation models to decentralized finance (DeFi) tokens, according to a new report by Grayscale Research.The digital asset manager said Aave could generate…

CBN plans invisible payments, flags data protection gaps

The Central Bank of Nigeria’s ambition to transform its payment ecosystem through biometric-driven and “invisible” transactions may redefine how millions of citizens pay for goods and services, but the bank has warned that the country’s preparedness on data privacy, identity…

Tether Winds Down Alloy and aUSDT Gold-Backed Stablecoin

Stablecoin issuer Tether is winding down Alloy by Tether and its gold-backed, overcollateralized aUSDT stablecoin after just two years to focus on products and areas with stronger demand. Tether announced its “strategic changes” on Wednesday following a review of user activity,…

FG halts stamp duty deductions by MDAs

The Federal Government has directed all Ministries, Departments and Agencies to immediately discontinue the deduction of one per cent stamp duty from payments made to contractors, vendors, suppliers and service providers, citing the provisions of the Nigeria Tax Act 2025.…

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