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Skye Bioscience to Conduct Meetings at Piper Sandler Conference

Skye Bioscience to Conduct Meetings at Piper Sandler Conference

Yahoo14-04-2025

SAN DIEGO, April 14, 2025 (GLOBE NEWSWIRE) -- Skye Bioscience, Inc. (Nasdaq: SKYE) ('Skye'), a clinical-stage biopharmaceutical company focused on unlocking new therapeutic pathways for obesity and other metabolic health disorders, today announced that its executive team will be available for 1x1 meetings at the Piper Sandler Spring Biopharma Symposium on April 17th in Boston, MA.
About Skye Bioscience
Skye is focused on unlocking new therapeutic pathways for metabolic health through the development of next-generation molecules that modulate G-protein coupled receptors. Skye's strategy leverages biologic targets with substantial human proof of mechanism for the development of first-in-class therapeutics with clinical and commercial differentiation. Skye is conducting a Phase 2 clinical trial (ClinicalTrials.gov: NCT06577090) in obesity for nimacimab, a negative allosteric modulating antibody that peripherally inhibits CB1. This study is also assessing the combination of nimacimab and a GLP-1R agonist (Wegovy®). For more information, please visit: www.skyebioscience.com. Connect with us on X and LinkedIn.
CONTACTS
Investor Relationsir@skyebioscience.com(858) 410-0266
LifeSci Advisors, Mike Moyermmoyer@lifesciadvisors.com(617) 308-4306
Media InquiriesLifeSci Communications, Michael Fitzhughmfitzhugh@lifescicomms.com(628) 234-3889
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, forward-looking statements can be identified by terminology including 'anticipated,' 'plans,' 'goal,' 'focus,' 'aims,' 'intends,' 'believes,' 'can,' 'could,' 'challenge,' 'predictable,' 'will,' 'would,' 'may' or the negative of these terms or other comparable terminology. Such statements and other statements in this press release that are not descriptions of historical facts are forward-looking statements that are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. We operate in a rapidly changing environment, and new risks emerge from time to time. As a result, it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. Risks and uncertainties that may cause actual results to differ materially include, among others, our capital resources, uncertainty regarding the results of future testing and development efforts and other risks that are described in the Company's periodic filings with the Securities and Exchange Commission, including in the 'Risk Factors' section of Skye's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Except as expressly required by law, Skye disclaims any intent or obligation to update these forward-looking statements.Sign in to access your portfolio

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Nigeria Prepaid Card and Digital Wallet Market Intelligence Report 2025-2029: Growing Shift to Digital Payments, Increasing E-Commerce Activity, and Rising Corporate Adoption
Nigeria Prepaid Card and Digital Wallet Market Intelligence Report 2025-2029: Growing Shift to Digital Payments, Increasing E-Commerce Activity, and Rising Corporate Adoption

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Nigeria Prepaid Card and Digital Wallet Market Intelligence Report 2025-2029: Growing Shift to Digital Payments, Increasing E-Commerce Activity, and Rising Corporate Adoption

The prepaid card and digital wallet market in Nigeria is projected to grow 17% annually, reaching $15.2 billion by 2025. Key drivers include increased digital payment adoption, e-commerce growth, and improved digital infrastructure. This fuels robust growth in prepaid cards, crucial for Nigeria's cashless economy revolution. Nigerian Prepaid Card and Digital Wallet Market Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "Nigeria Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update" report has been added to prepaid card and digital wallet market in Nigeria is expected to grow by 17.0% on annual basis to reach US$ 15.20 billion in 2025. The prepaid card and digital wallet market in the country has experienced robust growth during 2020-2024, achieving a CAGR of 20.6%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 13.9% during 2025-2029. By the end of 2029, the prepaid card and digital wallet market is projected to expand from its 2024 value of US$ 12.99 billion to approximately US$ 25.62 billion. Nigeria's prepaid card market is on a strong growth path, fueled by the shift to digital payments, increasing e-commerce activity, and rising corporate adoption. These trends will continue, leading to broader prepaid card usage across consumer and business segments. Over the next few years, financial institutions and fintech companies will focus on enhancing prepaid card offerings to meet evolving consumer and corporate needs. As digital infrastructure and regulatory frameworks improve, the prepaid card market will play a crucial role in Nigeria's cashless economy. The Nigerian prepaid card market features a mix of traditional financial institutions and emerging fintech companies. Major banks like Zenith Bank, GTBank, Access Bank, First Bank of Nigeria, and Ecobank offer various prepaid card solutions to their customers. Continued Expansion of the Prepaid Card Market The primary factors driving this expansion include the rising adoption of digital payments and the rapid growth of e-commerce. As consumers move away from cash-based transactions, prepaid cards have become a widely accepted alternative, offering security and convenience for in-person and online payments. The increase in online shopping has also amplified the need for reliable, accessible, and flexible payment methods, further boosting prepaid card usage. Over the next 2-4 years, prepaid card adoption is expected to accelerate as Nigeria's financial infrastructure continues to improve. Enhanced consumer confidence in electronic payments, alongside innovations from financial institutions and fintech companies, will further drive market penetration. This trend will likely result in an increasingly digital economy, with prepaid cards becoming essential for personal and business transactions. Increasing Integration of Prepaid Cards with Digital Wallets Integrating prepaid cards with digital wallets is becoming more prevalent in Nigeria, providing users seamless access to digital financial services. By linking prepaid cards with mobile applications, consumers can efficiently manage funds, make transactions, and track spending without relying on physical cards. This development is making financial services more accessible, particularly for unbanked and underbanked populations who are increasingly adopting digital payment solutions. Key factors driving this trend include advancements in mobile payment technology and the growing demand for convenient financial management. The continuous improvement of digital banking infrastructure has made linking prepaid cards with digital wallets easier, allowing users to conduct transactions effortlessly. Additionally, Nigerian consumers are increasingly gravitating toward platforms that enable them to manage various financial services through a single interface, reducing the need for multiple payment methods. Over the next 2-4 years, the adoption of prepaid cards integrated with digital wallets will accelerate as financial institutions and fintech companies introduce more user-friendly solutions. Enhanced security features, expanded merchant acceptance, and greater interoperability between prepaid cards and digital wallets will encourage adoption. As a result, this trend will contribute to the broader digitalization of Nigeria's financial sector, promoting financial inclusion and increasing the efficiency of cashless transactions. Growing Corporate Use of Prepaid Cards for Expense Management Nigerian businesses increasingly incorporate prepaid cards into their financial operations to streamline corporate expense management. These cards are used for employee benefits, travel allowances, and corporate gifting, replacing traditional cash-based disbursement methods. This shift is part of a broader effort to enhance financial oversight and operational efficiency in managing business expenses. The key drivers behind this trend include the need for improved operational efficiency and enhanced expense control. Prepaid cards reduce the administrative workload associated with cash handling and manual reimbursements, allowing businesses to allocate resources more effectively. Additionally, real-time transaction monitoring and customizable spending limits enable companies to maintain greater financial transparency and improve cost management. Over the next 2-4 years, corporate adoption of prepaid cards is expected to grow as businesses seek more structured and secure financial solutions. Developing industry-specific prepaid card solutions tailored to corporate needs will further drive adoption. As financial service providers introduce innovative offerings, prepaid cards will become essential for businesses looking to improve financial accountability and streamline expense management processes. Current Market Dynamics Nigeria's prepaid card market is experiencing significant growth, driven by a shift towards digital payments and financial inclusion initiatives. The market encompasses various products, including gift cards, payroll cards, and travel cards, catering to retail consumers and corporate clients. Despite the country's cash-dominant economy, there is a noticeable increase in the adoption of prepaid cards as a convenient and secure payment method. The Central Bank of Nigeria (CBN) has promoted cashless transactions, positively impacting the prepaid card segment. Initiatives such as the Payments System Vision 2025 aim to enhance the country's payment infrastructure, encouraging electronic payment methods, including prepaid cards. Recent Launches and Partnerships The Nigerian prepaid card sector has witnessed strategic collaborations to enhance service offerings and expand market reach. For instance, in October 2024, Nigerian fintech company Moniepoint secured $110 million in funding from investors, including Google, to expand its digital payment and banking solutions across Africa. This investment underscores the growing interest in Nigeria's fintech landscape and the potential for prepaid card integration within broader financial services. Anticipated Market Evolution (Next 2-4 Years) The competitive intensity in Nigeria's prepaid card market is anticipated to increase as traditional banks and fintech companies expand their offerings. Technological advancements and evolving consumer preferences for seamless digital payment solutions are expected to drive innovation among market participants. Furthermore, regulatory frameworks will continue to play a crucial role in shaping the market dynamics. Compliance with evolving guidelines will be essential for market players to maintain their positions and capitalize on growth opportunities in the prepaid card sector. Regulatory Changes In May 2024, the Central Bank of Nigeria released revised guidelines for Bureau De Change (BDC) operations, impacting the prepaid card market. The guidelines mandate that payments for digital or transfer purchases of foreign currency by a BDC be made by transfer to the customer's Naira account. If the customer is a non-resident, a BDC may issue a prepaid Naira card with relevant maximum credit and cumulative limits in line with Know Your Customer (KYC) requirements. These regulatory adjustments aim to enhance transparency and compliance within the foreign exchange market, indirectly influencing the prepaid card sector by promoting prepaid Naira cards among non-residents and ensuring adherence to KYC protocols. Prepaid Card Market Analysis Metrics Assessed: The study examines the prepaid card market through various lenses, including transaction value, transaction volume, average transaction value, load value, and the total number of cards in circulation. Card Types: A distinction is made between open-loop and closed-loop prepaid cards, providing insights into their respective market shares and growth trajectories. Usage Categories: The report segments the prepaid card market into various categories such as general-purpose cards, business and administrative expense cards, travel forex cards, and meal cards. Business Segmentation: Further segmentation is provided based on business size and type, including small-scale businesses, mid-tier businesses, enterprise-level businesses, government entities, and retail consumers. Sector-Specific Applications: The analysis extends to specific sectors utilizing prepaid cards, including transit and toll payments, healthcare and wellness services, social security and other government benefit programs, fuel purchases, utilities, and more. Digital Wallet Market Insights Key Segments: The digital wallet market is dissected across five primary spending categories: retail shopping, travel, entertainment and gaming, dining establishments, and recharge and bill payments. Performance Metrics: For each segment, the report evaluates transaction value, transaction volume, and average transaction value, offering a granular view of consumer spending behaviors. Retail Spend Breakdown: An in-depth analysis is provided for retail spending via digital wallets, covering categories such as food and grocery, health and beauty products, apparel and footwear, books, music and video, consumer electronics, pharmacy and wellness, gas stations, restaurants and bars, toys, kids and baby products, services, and other miscellaneous categories. Virtual Prepaid Card Market Segmentation Categories Analyzed: The virtual prepaid card market is segmented into key categories, including general-purpose cards, gift cards, entertainment and gaming cards, teen and campus cards, business and administrative expense cards, payroll cards, meal cards, travel forex cards, transit and toll cards, social security and other government benefit program cards, fuel cards, utilities, and other miscellaneous categories. Performance Evaluation: For each category, the report assesses transaction value, providing insights into the adoption and usage patterns of virtual prepaid cards across different consumer segments. Consumer Usage Trends Age Groups: Identifying usage patterns across different age demographics. Income Levels: Analyzing how income brackets influence prepaid card adoption and usage. Gender: Examining differences in usage trends between genders. Key Attributes: Report Attribute Details No. of Pages 159 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $15.2 Billion Forecasted Market Value (USD) by 2029 $25.62 Billion Compound Annual Growth Rate 13.9% Regions Covered Nigeria For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Nigerian Prepaid Card and Digital Wallet Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Was Jim Cramer Right Choosing Constellation Energy (CEG) Over Vistra Last Year?
Was Jim Cramer Right Choosing Constellation Energy (CEG) Over Vistra Last Year?

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Was Jim Cramer Right Choosing Constellation Energy (CEG) Over Vistra Last Year?

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Arya Resources Ltd. (RBZ) Upsizes Flow-Through Financing Amid Surging Investor Demand
Arya Resources Ltd. (RBZ) Upsizes Flow-Through Financing Amid Surging Investor Demand

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Arya Resources Ltd. (RBZ) Upsizes Flow-Through Financing Amid Surging Investor Demand

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