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U.S. regulators propose bank style customer ID rules for stablecoin issuers
U.S. regulators have proposed requiring certain payment stablecoin issuers to verify customer identities under a new rule issued as part of the GENIUS Act framework. The Federal Reserve Board said Thursday that it is seeking public comment on a joint…
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Bitcoin tumbles toward $63K as strong jobs report reinforces hawkish Fed
Bitcoin has fallen nearly 3% toward $63,000 after stronger-than-expected U.S. labor market data reinforced the Federal Reserve’s hawkish outlook and reduced expecta...
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EFCC probes self-styled prophet accused of defrauding church members of N70.3m
The Economic and Financial Crimes Commission (EFCC) has launched an investigation into a self-acclaimed prophet, Godwin Sunday Ajuluchukwucheya, popularly known as Prophe...
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How to Maximize Your Forex Trading Experience with Headway Broker
The Forex market is the largest and most liquid financial market in the world, with trillions of dollars traded daily. However, making the most of this opportunity depend...
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Poor Data Infrastructure Undermines Banks AI Profitability Drive—Report
As banks in Nigeria and across the African continent accelerate investments in artificial intelligence (AI) to enhance operations and improve customer experience, experts...
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Strategy director dumps $9M in shares as STRC rout hits MSTR stock
A Strategy director has sold nearly $9 million worth of company shares over the past three months as pressure on the firm’s preferred stock offerings and concerns o...
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VIDEO: Fire Guts Lagos Island Building Housing Popular Bank
A fire outbreak occurred on Thursday at a multi-storey building housing a Polaris Bank branch on Broad Street, Lagos Island, Lagos State. Videos circulating...