Market

Russia’s central bank has announced a sweeping crackdown on cryptocurrency freedom, banning transfers from regulated accounts to self-custody wallets and confirming that direct peer-to-peer crypto trading will be outlawed from July 1, 2027. The Bank of Russia clarified its position in updated guidance published on October 12, saying individuals must now trade exclusively through authorized…

The Federal Government and stakeholders across Nigeria’s rice value chain are seeking urgent measures to reduce production costs and improve supply after it was revealed that cultivating a hectare of rice now costs between N2.2 million and N2.3 million. The figure was disclosed on Tuesday during a technical consultation on the country’s rice sector organised…

Warren Buffett has officially stepped down as Chairman of Berkshire Hathaway, bringing to a close more than six decades at the helm of the $1.1 trillion conglomerate. The company announced on Friday, September 18, that the 96-year-old investing legend will immediately assume the role of Chairman Emeritus. In a farewell letter to shareholders, Buffett described…

Dangote Petroleum Refinery and Petrochemicals has responded to recent reports citing data from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC. The data indicated that the refinery turned down 15.5 million barrels of crude oil offered by local producers during Q2 of 2026.In a statement, the company reaffirmed its commitment to buying Nigerian crude and supporting…

Cadbury Nigeria Plc has reported a strong top-line performance for the first six months of 2026. The consumer goods company announced revenue of N83.35 billion for H1, representing an 8% increase compared to the same period in 2025.The growth was driven by higher sales across its core brands, even as the business environment remained challenging….