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JP Morgan doubts $2tn US stablecoin growth forecasts
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JP Morgan doubts $2tn US stablecoin growth forecasts

United States investment bank J.P. Morgan has cast doubt on the most bullish forecasts for stablecoin growth, predicting on Thursday that the market will only reach $500 billion by 2028, far below the multi-trillion-dollar projections from other financial institutions. The investment bank said expectations of explosive stablecoin adoption are “far too optimistic,” citing a lack […]

Nvidia to become world's most valuable company
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Nvidia to become world’s most valuable company

Nvidia continued its meteoric rise on Thursday, hitting a market capitalization of $3.92 trillion, putting it on track to become the most valuable public company in history and surpassing Apple’s record of $3.915 trillion set in December 2024. Shares of the California-based chipmaker rose as much as 2.4% in morning trading to $160.98, driven by […]

Guaranty Trust Bank Ltd. has announced that all its branches across Nigeria will close earlier than usual on Monday, June 30, 2025
Banking

GTCO to list shares on London stock exchange

Guaranty Trust Holding Company Plc has announced its plan to list ordinary shares on the London Stock Exchange as part of its strategy to raise capital internationally. In a notice filed with the Nigerian Exchange on July 3, 2025, the company confirmed that its ordinary shares will be admitted to the equity shares category on […]

Europe’s largest asset manager warns against US stablecoin boom
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Europe’s largest asset manager warns against US stablecoin boom

Europe’s largest asset manager, Amundi, has raised alarms over the potential global fallout from a surge in United States’ dollar-backed stablecoins, warning that it could significantly disrupt international money flows and threaten financial stability. The concerns come in the wake of the U.S. Senate’s passage of the GENIUS Act, a landmark bill that sets out […]

Banking

ECOWAS Bank approves $100m for Lagos-Calabar coastal road construction

The Economic Community of West African States Bank for Investment and Development has approved $100 million to fund the construction of a 47.7-kilometre section of Nigeria’s Lagos-Calabar Coastal Highway. This first phase, known as Section 1, begins at Ahmadu Bello Way in Lagos. Construction, carried out by Hitech Construction Company Limited, commenced in March 2024. […]

Substack expands video tools, adds livestream clip sharing
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Substack expands video tools, adds livestream clip sharing

Substack, the platform known for powering the newsletter economy, is doubling down on video with a fresh set of tools designed to help creators grow their audiences and promote livestream content more effectively. In a major update announced Wednesday, Substack introduced new features that allow creators to share short clips from their livestreams directly on […]

OpenAI mulls $500bn valuation in employee share sale talks
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OpenAI denies Robinhood’s sale of ‘OpenAI Tokens’

OpenAI has firmly denied any involvement in Robinhood’s recent sale of so-called “OpenAI tokens,” cautioning consumers that the tokens do not represent equity or stock in the artificial intelligence company. In a post from its official newsroom account on X (formerly Twitter) on Wednesday, OpenAI stated: “These ‘OpenAI tokens’ are not OpenAI equity. We did […]

Shares rises as US lifts export ban on chip design software
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Shares rises as US lifts export ban on chip design software

Shares of United States chip design giants Synopsys and Cadence Design Systems surged on Thursday after the U.S. government lifted recent export restrictions on advanced semiconductor software to China, providing relief to the Electronic Design Automation industry and easing tensions in the ongoing tech trade dispute. Synopsys shares rose 6.7% in pre-market trading, while Cadence […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
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Nigeria to phase out diesel, embrace hybrid energy — Shettima

Vice President Kashim Shettima has announced that Nigeria will phase out its reliance on diesel and embrace an integrated hybrid energy system in a bid to slash carbon emissions and accelerate climate-resilient infrastructure. Speaking at the Decarbonising Infrastructure in Nigeria Summit held in Abuja on Wednesday, Shettima said the country’s transition to clean energy is […]

MTN launches microinsurance arm 'Cover by MoMo' in Uganda
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MTN launches microinsurance arm ‘Cover by MoMo’ in Uganda

The telecom giant MTN has launched Cover by MoMo, a digital microinsurance product aimed at expanding access to affordable insurance in Uganda. Rolled out in partnership with Sanlam, the service targets users typically excluded from traditional insurance systems. The offering is simple and accessible. Users can sign up via the MTN MoMo app or USSD, […]

Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission
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Nigeria’s ISPs loses customers to high costs, tough economy

Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission points to shrinking user bases across the board. According to NCC’s Q1 2025 report, the total number of active customers among 127 licensed ISPs dropped to 289,369—down from 307,946 recorded in Q3 2024. Some […]

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France fines fashion brand Shein €40m for deceptive practices

France’s antitrust agency announced on Thursday that it fined fast-fashion retailer Shein €40 million ($47.17 million) for deceptive practices, including misleading customers about discounts and its environmental impact. Shein has accepted the penalty, the regulator said. The French competition and anti-fraud agency reported that its investigation revealed Shein engaged in “deceptive commercial practices towards consumers […]

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