The Central Bank of Nigeria (CBN) has recently implemented several key reforms that are significantly impacting the country’s economy. Among the most notable changes, monthly diaspora remittances have surged to $600 million, marking a 200% increase from previous months. This boost in remittances is attributed to reforms such as the Non-Resident Bank Verification Number initiative …
Strategy, the tech-focused investment firm, has made a bold move in the cryptocurrency market, acquiring $450 million worth of Bitcoin (BTC). This purchase comes as part of an ongoing strategy to increase the firm’s exposure to Bitcoin and bolster its financial portfolio. With the purchase, Strategy’s total Bitcoin holdings have now reached record highs, positioning …
In an unprecedented move, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly declared that registered firms in the United States are permitted to trade spot cryptocurrencies, signalling a regulatory breakthrough in the crypto industry. This announcement marks a new chapter in the U.S. government's approach to regulating …
In the last 24 hours, Bitcoin (BTC) has maintained a steady price, trading at $111,165, showing a modest increase of 0.76%. The leading cryptocurrency has fluctuated between $108,505 and $111,716, as it remains stable amid broader market uncertainty. Despite the fluctuations, Bitcoin's stabilisation marks an important shift that could open doors for institutional investors. However, …
The Päijät-Häme District Court in Finland has sentenced Simon Ekpa, a prominent pro-Biafra agitator, to six years in prison for terrorism-related offences. In a ruling delivered on Monday, the court found Ekpa guilty of inciting terrorism and actively participating in a terrorist group. Incitement through Social Media According to Finnish news outlet Yle, Ekpa used …
Ethiopian Investment Holdings (EIH), the government’s strategic investment arm, has partnered with Dangote Group to develop a state-of-the-art urea fertiliser production complex in Gode, Ethiopia. The two companies have signed a comprehensive shareholders' agreement to build one of the world’s largest single-site urea fertiliser production plants, marking a significant step in the industrialisation of Ethiopia’s …
The Minister of Education, Dr. Tunji Alausa, has clarified that there is no binding agreement between the Federal Government and the Academic Staff Union of Universities (ASUU), addressing misconceptions surrounding ongoing protests by the union. Speaking in Abuja on Thursday, Alausa explained that the Federal Government had not signed any enforceable agreement with ASUU. Contrary …
The UK government has awarded 85 Nigerians the prestigious Chevening and Commonwealth scholarships to study a wide range of master’s degrees and PhD programmes in the UK in 2025. This year, 39 scholars and 1 fellow received the Chevening scholarships, while 45 scholars have been awarded the Commonwealth scholarship so far. Chevening and Commonwealth Scholarships …
The United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF), in collaboration with the Nigerian Governors’ Forum (NGF), has concluded a major national initiative aimed at advancing state-led electricity market reforms. The initiative, known as the State Learning Workshop Series, focused on key aspects of electricity market development, Integrated Resource Planning (IRP), and energy modelling software, with …
Access Holdings Plc has appointed Mr Innocent Ike as its new Group Managing Director/Chief Executive Officer (GMD/CEO), effective August 29, 2025, following regulatory approval. Ike’s appointment marks a significant shift in leadership as the company moves into the post-Herbert Wigwe era, with Aigboje Aig-Imoukhuede consolidating his leadership role as Chairman. This announcement follows the recent …
