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Nigeria’s rapidly expanding cryptocurrency ecosystem is increasingly intersecting with the online gaming and betting sector, creating a new regulatory and commercial conversation that sits between digital assets and gambling platforms. As Africa’s largest crypto market, Nigeria has seen significant growth in adoption, with a 2025 report identifying the country as the sixth-largest user of cryptocurrency globally. The same report estimated that Nigerians transferred approximat

Sberbank has revised down its forecast for Russia’s economic growth, projecting gross domestic product expansion of just 0.5% to 1%, compared with its earlier estimate of 1% to 1.5%. The downgrade follows a weak performance in the first quarter of the year, signaling mounting pressure on the country’s economy. The state-controlled lender updated its outlook ahead of the release of preliminary first-quarter GDP figures from the Economy Ministry, expected on Wednesday, as

China’s economy expanded more rapidly than analysts had predicted in the first quarter of the year, even as the global economy grappled with the fallout from the ongoing US-Israel war with Iran. Official figures show that gross domestic product (GDP) increased by 5% compared to the same period last year, exceeding economists’ expectations of around 4.8%. The stronger-than-anticipated performance comes despite significant disruption caused by the Middle East conflict, whic

Illegal online gambling is now siphoning more than R50 billion annually from South Africa’s economy, with unlicensed offshore operators responsible for nearly two-thirds of all online gambling activity in the country, according to the South African Bookmakers’ Association. The association on Tuesday sounded the alarm, warning that the proliferation of illegal online gambling has reached crisis proportions, posing serious risks to consumers, legitimate operators, and the broad

The foreign exchange sector in Cyprus is firmly regulated and plays a vital role in supporting the national economy, employing thousands of people and contributing significantly to growth. At a recent conference dedicated to explaining the institutional framework of the industry, stakeholders highlighted that forex is a legitimate and strictly supervised financial activity, clearly separate from illegal operations and fraud. Strict supervision and full European compliance

The Cypriot economy sustained a strong and steady course through December 29, 2025, with the government managing to steer through a challenging international environment while advancing far-reaching domestic reforms. Globally, uncertainty intensified early in the year as renewed trade frictions surfaced following tariff announcements by US President Donald Trump, reigniting concerns over rising inflation and a potential deceleration in global economic growth. These developmen