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MPC Likely to Hold MPR at 27.5%, Room for Modest Hike Lagos, May 18, 2025 – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to maintain the Monetary Policy Rate (MPR) at 27.5% during its upcoming meeting, according to analysts and recent posts on X. However, there is speculation … Read more
UK’s Blockchain.com Targets Crypto Exchange Licence in Nigeria as It Expands to Africa On May 27, 2025, UK-based crypto exchange Blockchain.com announced plans to open a Nigeria office in Q2 2025, prioritizing a crypto exchange license under Nigeria’s Investments and Securities Act (ISA) 2024. This marks its first African presence, with expansion targeting Ghana, Kenya, … Read more
Washington, D.C. – March 26, 2025President Donald Trump escalated his rhetoric on international trade today, warning that the United States could impose significantly larger tariffs on Canada and the European Union if they take actions that cause “economic harm” to the U.S. The statement, delivered during a press briefing at the White House, comes amid … Read more
Bitcoin Dips Below $75K as Trade War Turmoil Rocks Global Markets April 7, 2025 — Bitcoin plunged below the $75,000 mark early Monday, hitting an intraday low of $74,637, as President Donald Trump’s escalating tariff regime sent shockwaves through global financial markets. The cryptocurrency’s sharp decline—down over 10% from $84,000 just last week—mirrors a broader … Read more
SEC Flags GVEST Global as Ponzi Scheme, Urges Nigerians to Avoid Unregistered Investment Platform August 22, 2025 ABUJA — The Securities and Exchange Commission (SEC) of Nigeria has issued a stern warning to the public, flagging GVEST Global and its associated entities as an unregistered investment platform exhibiting “typical indicators and characteristics commonly associated with … Read more
Madrigal Announces New Clinical Data on Rezdiffra™ (resmetirom) for Compensated MASH Cirrhosis On May 10, 2025, Madrigal Pharmaceuticals, Inc. announced positive two-year results from the open-label compensated Metabolic Dysfunction-Associated Steatohepatitis (MASH) cirrhosis (F4c) arm of the Phase 3 MAESTRO-NAFLD-1 trial for Rezdiffra™ (resmetirom), presented at the European Association for the Study of the Liver (EASL) … Read more
Overview of CBN Recapitalization and Its Impact on BDC Operators The Central Bank of Nigeria (CBN) introduced new regulatory guidelines in May 2024 to reform the Bureau De Change (BDC) sector, requiring operators to meet stringent capital requirements by June 3, 2025, following a six-month extension from the original December 2024 deadline. These guidelines, aimed … Read more
Canada Launches Build Canada Homes: A New Federal Agency for Affordable Housing On September 14, 2025, Prime Minister Mark Carney announced the creation of Build Canada Homes (BCH), a new federal agency dedicated to accelerating the construction of affordable housing across Canada. This move is part of the Liberal government’s broader strategy to address the … Read more
Beirut, March 31, 2025 – An Israeli airstrike rocked Beirut’s southern suburbs early Tuesday, killing at least three people and wounding seven others, according to Lebanon’s Health Ministry. The strike, which targeted a Hezbollah militant, has further strained a fragile four-month ceasefire between Israel and the Iran-backed group, raising fears of renewed escalation in the … Read more
Godfather of Banking, Jim Ovia, Admitted to the Freedom of the City of London London, UK – April 10, 2025 – Jim Ovia, the revered founder and chairman of Zenith Bank Plc, has been admitted to the prestigious Freedom of the City of London, a historic honor recognizing his monumental contributions to global finance, economic … Read more