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
FIRS Officially Transitions into NRS
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) has unveiled its institutional brand identity as it officially transition from the Federal Inland Revenue Service (FIRS) to the newly established revenue collection agency as gazetted.
The transition was marked with the unveiling of the agency’s new logo, according to a statement from Mr Dare Adekanmbi, special adviser to the chairman of NRS, Mr Zacch Adedeji.
Speaking at the unveiling event in Abuja on Wednesday, Mr Adedeji said the new identity represents a significant milestone in the evolution of Nigeria’s revenue administration framework.
The taxman said the unveiling reflects a renewed commitment to a more unified, efficient, and service-oriented revenue system aligned with Nigeria’s economic transformation agenda and global best practices.
He said the new identity signals continuity of purpose, strengthened institutional capacity, and a forward-looking approach to supporting taxpayers and national development.
According to the statement, the NRS said it remains committed to transparency, partnership, and service excellence.
“The unveiling of this new identity represents not an end, but the beginning of a strengthened relationship between the revenue authority and the Nigerian public—built on trust, clarity, and shared prosperity,” the statement reads.
It was also stated that the service came into operation following the signing of its enabling law — the Nigeria Revenue Service Establishment Act 2025 — by President Bola Tinubu in June.
General
FG Eyes Trade, Jobs, Investment in Revalidated Ondo Deep Sea Port Project
By Adedapo Adesanya
The federal government says it has taken a decisive step to unlock Ondo State’s maritime and industrial potential with the revalidation of the Ondo Deep Sea Port licence, signalling fresh momentum for trade, jobs, and investment in the South-West state.
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, formally presented the revalidated certificate to Governor Lucky Aiyedatiwa of Ondo State at his office in Abuja, noting that the revalidation served as a major milestone and a strategic federal intervention to harness the state’s vast blue economy resources.
He said the deep sea port would serve as a catalyst for trade expansion, industrialisation and regional economic integration, in line with the Federal Government’s economic diversification agenda.
“The Ondo Deep Sea Port is not just a project for Ondo State; it is a national asset that will boost Nigeria’s competitiveness in global shipping, ease congestion at existing ports and create a new hub for exports, manufacturing and job creation,” Mr Oyetola said.
He added that the port’s Atlantic corridor location would enhance non-oil exports, improve the ease of doing business and attract foreign direct investment to the South-West and the wider economy.
According to him, the revalidated licence provides clarity and confidence for investors, reinforcing Nigeria’s readiness for large-scale maritime investments.
Receiving the certificate, Mr Aiyedatiwa thanked President Bola Tinubu and the Federal Executive Council (FEC) for approving the revalidation, describing it as the outcome of years of sustained effort.
He explained that the original licence had faced delays due to a naming error in the initial business case, necessitating a fresh and comprehensive submission.
“This revalidated certificate is a turning point for Ondo State, affirming our vision for industrial growth, job creation and sustainable development anchored on our coastline and maritime assets,” the governor said.
Mr Aiyedatiwa said his administration was prioritising supporting infrastructure, including the dualisation of access roads to industrial zones and modernisation projects.
He added that plans were also underway for residential, educational and hospitality facilities to support the anticipated influx of investors and workers.
The governor reaffirmed that the port and its ancillary projects would drive inclusive development across all local government areas of the state.
General
Egbin Power’s Youth-Centred Social Investment Deepens Community Cohesion
By Modupe Gbadeyanka
The Personal Corporate Social Responsibility (PCSR) initiatives of Egbin Power Plc have continued to deepen social cohesion, empower young people, and strengthen relationships across its host communities.
One of these programmes is the company-sponsored annual football tournament for host communities. This tournament has continued to serve as a unifying platform for youth development, positive engagement, and shared identity among neighbouring communities.
The 2025 edition, which was recently concluded, saw Alanu-Omo FC defeating Dragon Ipakan FC with a 1–0 victory in a closely contested encounter, capping weeks of spirited participation marked by discipline, camaraderie, and exemplary.
From the opening fixtures to the final match, the programme featured 16 teams drawn from the host communities, with participants displaying not only skill and competitiveness but also camaraderie and respect for fair play—reinforcing the programme’s positive social impact over the years.
At the end of the competition, Alanu-Omo FC emerged champions and received a cash prize of N1 million, while the runners-up and third-place teams received N700,000 and N500,000, respectively.
The competition, now in its fourth edition, was held at the Egbin Power sports field, brought together young people from neighbouring communities, encouraging positive interaction, mutual respect, and a shared sense of purpose.
Over the years, the event has consistently demonstrated the GenCo’s belief that sustainable development thrives where communities are united and actively engaged.
Speaking on the significance of the programme, the Head of Corporate Communications and Branding at Egbin Power, Mr Felix Ofulue, described the initiative as a strategic investment in people and communities.
“At Egbin Power, we are deeply passionate about initiatives that bring people together and create lasting value. This programme has grown into a platform for nurturing talent, engaging young people constructively, and strengthening bonds across communities.
“Beyond recreation, it instils critical life skills such as teamwork, leadership, discipline, and resilience, qualities that are essential for personal growth and societal progress,” Mr Ofulue said.
He added that the objective is to evolve the initiative into a unifying force that strengthens relationships across communities while reinforcing Egbin Power’s brand as a responsible and people-centred organisation.
Captain of the winning team, Alanu-Omo FC, Mr Samad Ojikutu, expressed appreciation to Egbin Power for its sustained commitment to youth empowerment.
“We commend Egbin Power for consistently creating opportunities for young people in the host communities. This is a programme we always look forward to. Winning is exciting, but what matters most is the unity we experience as a team and as a community. It reminds us that we can achieve so much more when we work together,” he said.
Also commenting, a community leader and retired Grade 1 referee, Prince Samson Ekundayo, described the initiative as impactful and timely.
“Programmes like this are critical for community development. They provide young people with opportunities to showcase their talents, while also learning the values of cooperation, discipline, and respect,” he noted.
Egbin Power reiterated that initiatives of this nature remain central to its commitment to inclusion, empowerment, and sustainable community relations, noting that deliberate investments in youth and social cohesion are essential for building trust, strengthening brand affinity, and driving long-term shared value.
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