Author: Ogooluwa Aremu

NCC Orders Telcos to Compensate Subscribers for Poor Service The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) to provide compensation to subscribers whose network quality of service experience is below specified targets within specific locations. The Commission’s position is that subscribers should not be required to bear the full burden of service disruptions when operators fail to meet the prescribed standards of service delivery. Under this directive, erring operators will compensate affected users directly for breaches of Quality of Service (QoS) Key Performance Indicators (KPIs). Mobile Network Operators (MNOs) shall be required to pay these compensations for…

Circle’s EURC climbed by 100 basis points over 24 trading hours to $1.14, as European countries’ single-currency stablecoins dominated the non-USD market.

GateToken Price Climbs Amidst Move to Attract New Users GateToken price (GT) climbed to $6.55 in 24h, modestly outperforming a flat market, primarily driven by a beta-driven move with Bitcoin in the absence of a clear coin-specific catalyst. Gaining 2% over 24 hours, GT market capitlisation rose to $755 million on Sunday, with a sharp slowdown of 42% in trading volume to $1.6 million. GateToken is strengthening its foundation through financial transparency.  Its price move aligns with Bitcoin’s 0.46% gain over the same period, suggesting GT is tracking broader market beta. GateToken is expanding its ecosystem with new user incentives…

Namibia’s growth is projected to remain relatively unchanged in 2026, on the back of weak diamond demand and the expectation that debt will surge.

XRP Price Dives on Cooling ETF Demand, Ledger Payments Ripple (XRP) dived by about 2% in the last 24 hours to $1.36, closely tracking the broader market decline, primarily driven by macro-induced selling pressure. The move aligns with Bitcoin’s 2.25% drop amid cooling institutional Exchange Traded Fund (ETF) demand and geopolitical concerns, and is further amplified by deteriorating on-chain fundamentals for XRP itself. Early trading data on Friday showed that the entire crypto market cap fell 2.01% in 24h, with Bitcoin down 2.25%. XRP’s nearly identical move indicates it’s trading on beta, not coin-specific alpha. The sell-off was triggered by…

The average yield on Nigerian Treasury bills eased by 2 basis points in the secondary market to 17.82%, fixed income market analysts said in their latest updates.

China Warns Against Potential U.S. Ammunition Production in Philippines China on Thursday cautioned the United States (U.S.) and its allies against introducing bloc confrontation and conflict into the Asia-Pacific, following Pentagon plans for a U.S.-led initiative. The U.S.-led initiative to establish a new ammunition production line in the Philippines. “China always believes that military and security cooperation between countries should not target any third party, harm their interests, or undermine regional peace and stability.” The Chinese Foreign Ministry spokesperson, Lin Jian, said this during a routine news briefing. Describing the Asia-Pacific as a critical driver and stabiliser of global development…

BOI’s N825m Clean Energy Financing Boosts Nigerian Industries The Bank of Industry (BOI) says small and large enterprises have benefited from a N825 million clean energy financing window. The initiative is part of a 600,000-dollar GEF-UNIDO IEE and RECP project. Of the total, 550,000 dollars were disbursed to BOI for on-lending to eligible industries. The funding supports investments in energy efficiency, cleaner production technologies, renewable energy solutions, recycling infrastructure, and resource-efficient production systems. Mrs Ifeoma Uz’Okpala, Executive Director, Risk Management and ITD, GEF-UNIDO IEE and RECP, disclosed this during the presentation of the financing results to national stakeholders and financial…

SEC, NOA Collaborate to Combat Illegal Schemes The Securities and Exchange Commission (SEC) and the National Orientation Agency (NOA) have signed a Memorandum of Understanding (MoU) to embark on massive enlightenment against Ponzi schemes. Signing the MoU in Abuja Wednesday, the Director-General of SEC, Dr Emomotimi Agama, warned that fraudulent operations are not legitimate investments. Agama, represented by the Commission’s Executive Commissioner Operations, Mr Bola Ajomale, advised the public to verify company’s registration with SEC before investment. He said the enlightenment would guarantee citizens including those at the rural areas to know where to invest and when to detect a…

2027: APC Forum Endorses Tinubu, Mutfwang for Second Term The All Progressives Congress (APC) Plateau State Forum has endorsed President Bola Tinubu and Gov. Caleb Mutfwang for second term in office, saying they deserve to be re-elected. Chairman of the forum, Hon. Yakubu Sakondong, said this at a news conference conveyed on Tuesday in Abuja to address developments within APC. He expressed the forum’s confidence in the duo’s ability and commitment to continuing doing things right in the party and in Nigeria generally. Sakondong appreciated Tinubu for his visionary leadership and unwavering commitment to strengthening APC and improving the lots…