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Federated Hermes launches money market fund for GENIUS Act stablecoin reserves
Federated Hermes has launched a new money market fund designed for stablecoin reserve management, introducing a product that can be used by payment stablecoin issuers operating under the GENIUS Act framework. According to a July 10 announcement, the newly introduced…
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Binance drops TON ticker as GRAM trading starts July 2
Binance will swap TON to GRAM at 1:1, remove old pairs by June 30, and open GRAM markets on July 2 as users face product deadlines.
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Dangote Refinery Valued At $39bn Seeks $1bn In Private Placement
Dangote Petroleum Refinery is seeking to raise about $1 billion through a private placement that values the company at $39.1 billion. According to an Information Memorand...
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MTN Nigeria Introduces 13 AI Bots to Automate SIM Registration
MTN Nigeria has introduced 13 artificial-intelligence-driven bots to support its SIM registration process, replacing tasks previously performed by about 200 SIM registrat...
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Crypto Google searches rise again as retail interest rebounds
Crypto Google searches rose again in June, signaling renewed retail attention as Bitcoin volatility and market fear pull users back.
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New CBN Draft Limits Loans, Guarantees Between Banks, Affiliates
The Central Bank of Nigeria (CBN) has proposed strict limits on lending, guarantees, asset transfers and other intra-group exposures between banks and their affiliated co...
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Private Sector Rejects Sugar-sweetened Beverage Tax Increase
The Organised Private Sector (OPS), led by the Manufacturers Association of Nigeria (MAN), has opposed plans to increase excise duties on sugar-sweetened beverages (SSBs)...