General
Tether Invests in Fizen for Global Stablecoin Utilization
By Modupe Gbadeyanka
To support innovative solutions that enhance financial accessibility and security in the digital asset ecosystem, Tether has made a strategic investment in a financial technology (fintech) company specializing in self-custody crypto wallets and digital payments, Fizen Limited.
This transaction will allow Fizen to integrate its innovative technology with Tether’s leadership in the stablecoin industry.
The objective is to accelerate digital asset utilization while upholding the utmost security standards. This will further solidify Tether’s role in advancing blockchain-based finance and its commitment to global financial inclusion.
According to the chief executive of Tether, Mr Paolo Ardoino, this investment in Fizen “underscores our commitment to expanding global access to efficient and reliable digital financial solutions that promote the informed responsible use of digital assets in everyday life.”
“At Tether, we recognize the crucial role of self-custodial payment infrastructure in driving real-world use cases.
“Fizen’s innovative model helps to bridge the gap between self-custody and digital payments, empowering users with greater financial independence while reinforcing our leadership as the most widely used stablecoin globally, advancing inclusive access to the financial system,” Mr Ardoino added.
Also, the chief executive of Fizen, Leo Vu, said, “Stablecoins like USD₮ will undoubtedly drive crypto payments and financial inclusion worldwide.
“The technology infrastructure is already in place, but we lack consumer-friendly applications with intuitive UI/UX to accelerate mass integration.
“Fizen is solving this by making crypto payments an intuitive part of daily transactions, allowing users to pay seamlessly without even realizing they are using blockchain technology.”
Fizen offers advanced payment technologies that facilitate seamless stablecoin transactions, making digital assets more accessible for consumers and businesses. It is one of the crypto companies delivering real value to consumers and businesses, bringing practical crypto use cases to life.
The World Bank’s Global Findex Report reveals that millions of individuals worldwide remain unbanked. People in this category consistently cite distance to the nearest financial institution and a lack of proper documentation requirements as the primary reasons they could not access traditional banking services.
This investment will enable Fizen to enhance its blockchain capabilities, facilitating the seamless integration of stablecoins across multiple blockchain ecosystems. It will also provide users access to a more efficient and user-friendly solution to store, transfer, and transact using stablecoins, eliminating restricted access or complicated documentation.
However, while stablecoins offer a compelling alternative for those excluded from traditional financial systems, their practical use in everyday commerce still faces hurdles despite clear advantages, such as lower fees, enhanced security, and near-instant transactions.
Merchant usage remains a key challenge. Through this investment, Fizen aims to bridge this gap by enabling users to pay seamlessly with stablecoins.
At the same time, merchants receive instant fiat settlements through known payment methods like QR codes and card readers. This eliminates the need for additional infrastructure, making digital asset payments more accessible and efficient for businesses worldwide.
Market projections for 2024 state that QR code payments are expected to surpass $3 trillion, with 2.2 billion users by 2025, driven by increasing smartphone penetration and the rising demand for frictionless, secure, and convenient digital transactions.
With this strategy and strong technological and business development foundations, the collaboration between Fizen and Tether looks to accelerate the widespread use of crypto payments at scale to usher in an era of seamless digital transactions.
General
Makinde Reassures Safe Return of Abducted Oriire Pupils, Teachers
By Adedapo Adesanya
The Governor of Oyo State, Mr Seyi Makinde, has reassured residents that his administration remains committed to securing the safe release of the pupils and teachers abducted from schools in Oriire Local Government Area about a month ago.
In a message contained in his monthly newsletter, the governor acknowledged the pain and anxiety experienced by families and communities since the victims were abducted from schools in the Yawota and Ahoro-Esinle communities almost 30 days ago.
He described the incident as a difficult period for the state, noting that many families have continued to endure uncertainty over the fate of their loved ones.
According to the governor, although repeated assurances may have left some residents doubtful, efforts to rescue the victims have not relented, stressing that security agencies are pursuing every credible lead and deploying all lawful means necessary to secure the release of the abducted pupils and teachers.
Mr Makinde explained that intelligence reports indicate the victims are still within the wider Old Oyo National Park axis, a vast terrain stretching across about 10 local government areas and covering approximately 2,500 square kilometres.
He noted that the difficult terrain poses operational challenges for security agencies, requiring patience, coordination and sustained efforts to ensure a successful rescue mission.
The governor urged residents to remain vigilant and report suspicious activities through the state’s toll-free emergency line, 615, while also cautioning against the spread of unverified information that could undermine ongoing security operations.
Mr Makinde assured families that their loved ones have not been forgotten, stressing that the safe return of the victims remains a top priority for both the state government and security agencies.
“We are doing everything within our power to bring them home safely,” the governor said, while calling on residents to continue praying for the safe return of the abducted pupils and teachers,” he promised.
General
UK, Nigeria Launch £15m Growth Programme to Boost Investment
By Adedapo Adesanya
The United Kingdom and Nigeria have launched a £15 million growth programme aimed at unlocking investment and accelerating economic transformation as both nations deepen their partnership.
This was announced as the UK Minister for Africa and International Development, Ms Jenny Chapman, concluded a two-day visit to Nigeria, during which she announced the new £15 million Growth Programme, deepened cooperation on digital transformation and health, and visited communities benefiting directly from UK investment on the ground.
The visit, spanning Abuja and Kaduna, underscored the breadth and depth of the UK–Nigeria Strategic Partnership and marked a significant step towards both countries’ shared priorities.
According to a statement, the centrepiece was the meeting with Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele. During their meeting, they discussed the new UK–Nigeria Growth Programme.
Over three years, it will accelerate economic transformation, unlock private investment and support Nigeria’s transition from macroeconomic stabilisation to sustained, reform-led growth. Alongside the Growth Programme, the UK announced deeper collaboration on Nigeria’s digital economy through the SPRIRET initiative, delivered under the UK’s Digital Access Programme. SPRIRET will support digital governance reforms across five Nigerian states, reducing regulatory barriers and enabling greater investment and innovation in broadband, digital services and emerging technology.
Speaking on the partnership, Mr Oyedele said, “We continue to value the UK–Nigeria relationship, one of the most important partnerships for both our countries. Today, that relationship extends beyond traditional ties and now focuses on development, growth, and shared prosperity.
“The UK–Nigeria Growth Programme helps bring this partnership to life—supporting capital market development, technology investment, small businesses, and technical assistance. We look forward to seeing how these opportunities deliver lasting benefits and drive progress for both countries.”
During the visit, Ms Chapman met with the Minister of Industry, Trade and Investment, Mrs Jumoke Oduwole and discussions covered progress under the Enhanced Trade and Investment Partnership (ETIP), including boosting exports via the Developing Countries Trading Scheme, fintech and capital markets links.
In Kaduna, she met with Governor Uba Sani to take stock of over 20 years of UK–Kaduna partnership and explore how cooperation can deepen shared priorities.
She also heard from the business community and key institutional investors about their investment aspirations and the role of the UK in supporting investment mobilisation and enabling climate finance, and met with community animal health workers and livestock breeders to discuss the UK’s support on breeding techniques, animal health and livestock vaccines.
The UK minister also visited Unguwan Sanusi Primary Health Care Centre, which serves approximately 20,000 people in Kaduna South, hearing directly from patients and frontline health workers about the impact of UK-supported health programmes.
At the end of the visit, she said, “This visit has reinforced everything I believe about the UK–Nigeria partnership. That it is deep, it is real, and it is moving in the right direction. From launching our new Growth Programme with Honourable Minister Oyedele, to meeting from frontline health workers in Kaduna — every conversation this week has shown me a country full of ambition and a partnership that is genuinely delivering for both sides.
“Nigeria is a partner that the UK is proud to stand alongside and I leave more convinced than ever that the next chapter of this partnership is its most exciting yet. The UK is here for the long term, and we are ready to grow together.”
General
Democracy Day: Tinubu Boasts Restoring Investor Confidence
By Adedapo Adesanya
President Bola Tinubu has noted that his reforms have restored investor confidence in the Nigerian economy, marked by growing investments in sectors as diverse as agriculture, energy, manufacturing, technology, mining, transportation and the creative industries.
In a nationwide Democracy Day broadcast on Friday, he said the reforms pursued by the current administration since its inauguration have restored stability and credibility to economic management.
“Federation revenues have risen, providing states and local governments with more resources for infrastructure, education, healthcare, and security,” the president said in his address.
“Fiscal transparency has improved, leakage has been reduced, and public funds are better directed to national priorities,” he added.
The president said upon his assumption of office in May 2023, he implemented an array of reforms aimed at speeding up economic growth and attracting international investors. These include the abolishing of petrol subsidies and unifying the foreign exchange market by collapsing multiple, segmented exchange rate windows.
On security, he threatened bandits, kidnappers and sponsors of terrorism, declaring that those who continue to destabilise Nigeria’s peace and security will face the full force of the law.
“To bandits, kidnappers, and sponsors of terror: Surrender or face the full force of the Nigerian State,” President Tinubu declared.
“These windows of surrender will not remain open forever. No mercy will be shown to those who trade in the blood of Nigerians,” he added.
His comments come amid recurring debates over the identity of criminal groups and concerns that insecurity could deepen ethnic divisions in the country.
President Tinubu urged Nigerians to unite against a common enemy.
“We must stand united and be assured that the enemies of our nation shall soon be history,” he declared.
The President expressed confidence that Nigeria would ultimately overcome its security challenges and emerge stronger.
“We will triumph over terror and continue to build a more prosperous nation,” he said.
He urged Nigerians to reject pessimism and embrace a shared vision of progress.
“Let us move forward together—rejecting division, cynicism, and despair; embracing unity, hope, and confidence,” Tinubu said.
“Let us build a Nigeria united by a common purpose, strengthened by diversity, where justice is accessible, liberty is secure, and opportunity is abundant.”
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