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Nigeria Takes Global Lead in Dollar Stablecoin Ownership
Nigeria has outpaced major economies to top global rankings for stablecoin ownership, as citizens turn to digital dollars for economic shelter. Nigeria has sec…
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How Crypto Cards Work for Everyday Payments
Crypto cards are changing how we use digital money, making everyday spending easier for holders of virtual assets. Digital currencies are no longer just for sp…
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CBN Recapitalisation: 30 Banks Meet Target Before Deadline
Nigeria’s banking sector sees a major boost as 30 banks meet the CBN’s capital requirements ahead of the March deadline The race to beat the Central Bank of Ni…
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Bitcoin Falls Below $64k as Iran Conflict Shakes Markets
The Bitcoin price has plunged below $64,000 as investors dump risky assets following military strikes on Iran. The global cryptocurrency market took a massive …
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MTN Group Set to Acquire IHS Towers in $6.2 Billion Deal
Telecom giant MTN Group is set to buy IHS Towers in a massive $6.2 billion deal to boost African digital infrastructure. In a massive shake-up of Africa’s tele…
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Naira Hits Best Official Rate Since 2024 After ₦11.93 Gain
The Naira exchange rate recorded a major win today, strengthening to ₦1,354.26 at the official window. Nigeria’s Naira kicked off the trading week on a strong …
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Lagos Budget Backlash as N135m Spent on 20 Office Chairs
Residents demand answers as the Lagos State budget reveals N135m spent on 20 office chairs amidst rising costs. Questions are being asked about how the Lagos S…
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NGX Surges: N1.105trn Gains as Market Tops N110trn
The Nigerian Exchange (NGX) closed the week on a high note on Friday as investors logged gains totaling N1.105 trillion and market capitalisation climbed past…
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FG, States, and LGAs Share ₦1.969 Trillion FAAC Revenue
Nigeria’s three tiers of government shared ₦1.969 trillion in FAAC revenue for December 2025, marking a steady rise. The Federation Account Allocation Committe…
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Apple iPhone Sales Hit Record High in Strong Q1 Results
Apple records its best-ever iPhone quarter as strong demand in China and India drives global sales growth. Apple has reported a strong first quarter, led by r…
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Uzoma Dozie Explains Why He Sold Diamond Bank for Sparkle
Uzoma Dozie shares why he exited Diamond Bank to build Sparkle, a tech-first platform reshaping Nigeria’s banking future. Uzoma Dozie, Nigerian banker and tech…
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Nigerian Stock Market Rebounds, Investors Gain N74bn
Nigerian stock market rebounds as investors gain N74bn, supported by selective buying despite more decliners. The Nigerian stock market recovered on Friday, re…
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Sequoia Capital Joins Major Funding Round for Anthropic
Sequoia Capital is backing Anthropic in a major AI deal, marking a rare move that places it across competing artificial intelligence firms. Sequoia Capital is …
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Global Billionaires Hit Record 3,000 in 2025 — Oxfam
Global billionaires have reached a record 3,000 in 2025, highlighting widening inequality and growing influence over politics and economies. The number of bill…
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Nigerian Banks That Have Scaled the New CBN Recapitalisation Hurdle
In March 2024, the Central Bank of Nigeria (CBN) introduced new minimum capital requirements, giving banks until March 31, 2026, to meet the target. The move …
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New 7.5% Value-added tax on POS and Bank Fees in Nigeria
If you use mobile apps or POS terminals for your business and personal deals, there is a fresh update you need to know. Starting Monday, January 19, 2026, Nig…
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KPMG Criticize the Presidential Committee 2026 Tax Reforms
Professional services firm KPMG has publicly criticized the 2026 tax reforms, raising concerns over potential inconsistencies and economic risks in the newly e…
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Andreessen Horowitz Raises $15bn, Cements Status as One of World’s Largest Venture Firms
US venture capital giant Andreessen Horowitz has raised more than $15 billion in fresh funding, taking its assets under management to over $90 billion and plac…
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New VAT Formula to Give Nigerian States N5.07tn in 2026
A new VAT sharing formula will see Nigeria's 36 states receive an estimated N5.07 trillion from the tax pool in 2026. A profound shift in Nigeria's fis…
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Nigeria Bank Closes 229 Physical Locations in One Year
A major shift hits the Nigeria Bank sector as 229 branches close, while POS transactions skyrocket by over 100%. The landscape of the Nigeria Bank industry is …
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