Nigerians are turning to dollar-pegged stablecoins like USDT and USDC to send money across borders due to lower fees, faster transactions, and better access compared to traditional banks and money-transfer operators. With Nigeria accounting for about 60% of stablecoin inflows to sub-Saharan Africa, this trend is supported by growing infrastructure, competitive peer-to-peer markets, and evolving regulation. Users must carefully manage risks such as scams, custody issues, and currency depegging while coordinating networks and counterparties to optimize costs. The Central Bank of Nigeria is increasingly recognizing stablecoins in its 2028 payments vision, signaling a move toward formal regulation and wider adoption for remittances and business payments.
SPX Technologies announced a leadership transition in its Detection & Measurement segment as John Swann plans to retire in January 2027. Eric Kaled will take over as segment leader starting August 31, 2026, ensuring continuity and growth. Swann has b...
Brodsky & Smith LLC is investigating whether the boards of AstroNova, Open Lending, Huntsman, and Standard BioTools breached their fiduciary duties in recent merger agreements. The investigations focus on whether the companies conducted fair processe...
The Canadian government has decided to abolish the Office of the Ombudsperson for Responsible Enterprise (CORE), which was tasked with reviewing complaints about human rights and labor abuses linked to Canadian companies operating abroad. The United ...
The Canadian government has decided to close the Office of the Canadian Ombudsperson for Responsible Enterprise (OCRE), a move strongly condemned by the United Steelworkers union. The union argues that while OCRE lacked independence and power, abolis...
Vanguard Investments Canada Inc. announced the final cash distributions for June 2026 for several Vanguard ETFs listed on the Toronto Stock Exchange. Unitholders of record on June 26, 2026, will receive payments on July 6, 2026, with distribution amo...
