Business

Bitcoin falls 2% to $118,400 as crypto market cap slips to $3.94trn

Motolani Oseni 13 August 2025 0

Bitcoin lost ground in early Tuesday trading, slipping 2 per cent over the past 24 hours to $118,400, as profit-taking and mixed market sentiment halted its push toward a new all-time high. Despite the daily decline, the world’s largest cryptocurrency remains up 3.19 per cent over the past

Business

NAICOM inaugurates 2025 recapitalisation committee to drive industry stability

Motolani Oseni 13 August 2025 0

BY MOTOLANI OSENI The National Insurance Commission (NAICOM) has inaugurated an 11-member 2025 Recapitalisation Committee to oversee the implementation of the newly approved Nigeria Insurance Industry Reform Act (NIIRA) 2025, signed into law by President Bola Ahmed Tinubu. Chaired by Mrs. Oluwatoyin Charles, NAICOM’s Director of Supervision, the Committee is tasked with

Business

MAN urges manufacturers to embrace alternative funding amid soaring lending rates

Motolani Oseni 1 August 2025 0

The Manufacturers Association of Nigeria (MAN), Ogun state branch, has advised manufacturers to explore alternative funding sources as high interest rates and macroeconomic pressures continue to constrain access to credit. George Onafowokan, chairman of the Ogun chapter of MAN, gave the advice at the association’s 40th Annual General Meeting held in Abeokuta. Themed

Business

Pension assets hit N24.63trn in June — domestic stocks, FGN bonds drive growth

Motolani Oseni 1 August 2025 0

Nigeria’s pension fund assets rose to N24.63 trillion in June 2025, reflecting continued investor confidence and strategic shifts in portfolio allocation, according to the National Pension Commission (PenCom). The figure represents a 2.17 percent increase from N24.11 trillion in May, and a year-on-year growth of 20.24 percent. The uptrend was largely driven by increased

Business

Telecom infrastructure is not MTN’s property — it’s a national asset, says Ikeme

Motolani Oseni 21 July 2025 0

Ikenna Ikeme, general manager of regulatory affairs at MTN Nigeria, says telecommunications infrastructure should be treated as vital national assets — not just the property of telecom providers. Ikeme spoke in Lagos during an engagement with fellows of the MTN Media Innovation Programme. He said telecom infrastructure often comes under attack during disputes, with angry