Business

Taiwan received $103 billion in export orders in August, crossing the $100 billion monthly threshold for the first time as demand for AI-related technology accelerated.

Announced on September 22, the partnership combines an ownership stake with a distribution arrangement. Binance will promote and integrate USDC across its platform, while Circle supplies infrastructure for holding and using it, according to the companies’ official announcement.

Federal prosecutors are examining transactions Binance allegedly failed to stop, including possible knowing permission for prohibited trading, according to Bloomberg reporting published on September 22.

The Central Bank of Nigeria (CBN) has cut its benchmark Monetary Policy Rate (MPR) by 350 basis points to 23 percent, from 26.5 percent.

Nigeria’s current account surplus rose to $7.54 billion in the second quarter of 2026 from $4.49 billion in Q1, as stronger petroleum exports, lower crude oil imports and higher non-oil exports improved the country’s external position.

Alibaba unveiled a new AI chip and plans for a substantially larger artificial intelligence model on Tuesday, September 22, expanding its effort to develop the hardware, software and cloud infrastructure behind its AI services.

The Federal Government has commercially launched a $300m investment fund designed to attract public and private capital into off-grid electricity and distributed renewable energy projects across the country.

Nigeria’s $300 million Distributed Renewable Energy Fund has reached commercial launch, creating a financing vehicle to expand electricity supply through systems such as mini-grids and standalone solar installations.

Nigeria can produce more of its own petrol and still pay more for it. The cost of the crude entering a refinery remains exposed to international markets, even when the finished fuel never crosses a border.

Eight years after entering the Nigerian market, financial technology company OPay is evolving from a digital payments platform into a broader financial services provider, reflecting the changing way Nigerians access and manage money.