Saturday, December 6

Business

Lagos lawmaker donates 400 stalls to traders

A lawmaker representing Epe Federal Constituency in the House of Representatives, Tasir Raji, has donated 400 stalls in the reconstructed Ayetoro Market, located in Epe Town, to his constituents. According to a statement shared with Saturday PUNCH by the lawmaker’s…

Bitcoin Miners Squeezed as Kalshi Soars, Ether Derivatives Boom

Bitcoin (BTC) miners are learning the hard way that “number go up” doesn’t always trickle down. Even with Bitcoin prices still elevated by historical standards, mining margins have been sharply squeezed, with some industry analysts describing the current climate as…

Experts share growth strategies for African SMEs

Business experts across Africa have highlighted core strategies that can help small and medium enterprises scale and contribute significantly to the African economy. According to a statement on Monday, these experts stated this at the third edition of the IgniteHER conference…

3 Binance Charts Hint at BTC’s Next Move

Bitcoin’s (BTC) short-term trend may hinge on developments unfolding inside Binance’s order flow and onchain activity. Three Binance-linked metrics indicated rising sell-side pressure, shifting liquidity behavior and a market preparing for volatility, factors that could determine whether BTC holds support…

Jollof Festival deepens African unity

Organisers of the Firewood Jollof Festival 2025 have pushed a message of cultural unity and collaboration across Africa following its recently held event, which drew thousands of food lovers, creatives and tourists to Muri Okunola Park, Victoria Island, Lagos. The…

Analyst Pushes Back as New Tether Solvency Fears Resurface

Concerns about stablecoin issuer Tether’s financial stability resurfaced this week after BitMEX founder Arthur Hayes warned the company could face serious trouble if the value of its reserve assets were to fall. But CoinShares’ head of research, James Butterfill, pushed…

Explicit Comm equip UNILAG faculty with PR, advertising lab

Explicit Communications Limited has equipped the Faculty of Communications and Media Studies, University of Lagos, with a Public Relations and Advertising Laboratory as part of its corporate social responsibility initiative. The Group Managing Director/Chief Executive Officer, Tunde Thani, an alumnus…

Mugafi Brings Entertainment IP Onchain Through New Avalanche Partnership

Mugafi, an AI-driven platform for entertainment intellectual property (IP), has partnered with Avalanche to tokenize films, anime, music and other media assets, allowing creators to finance and distribute projects directly onchain.The initiative will draw from Mugafi’s catalog and upcoming films.…

Why we continue to reduce petrol price – Dangote

Aliko Dangote, founder and president/chief executive of the Dangote Group on Monday said his refinery will continue to reduce the price of petrol to compete with importers. Mr Dangote disclosed this in an interview with the State House Correspondents after…

PTAD monthly payout to retirees soars to N1tn

The Pension Transitional Arrangement Directorate says it has paid more than N1tn in monthly pensions to over 200,000 retirees under the Federal Government’s Defined Benefit Scheme since 2015. The Director of Corporate Services at PTAD, Kabiru Yusuf, disclosed this in…

Ethereum Treasury Trade Unwinds, Large Players Amass ETH Supply

Cryptocurrency markets saw another week of consolidation following last week’s long-awaited market recovery.While Bitcoin (BTC) remained above the key $90,000 psychological level, investor sentiment continued to be dominated by “fear,” with a marginal improvement from 20 to 25 within the…

Tanzania showcases agric products at Kano trade fair

Tanzania made a strong showing at the 46th Kano International Trade Fair, attracting traders, investors, and visitors with a broad selection of agricultural and manufactured products. According to a statement on Thursday by the United Republic of Tanzania High Commission…

Is Bitcoin shifting to a 2-year cycle?

For more than a decade, Bitcoin investors have relied on the familiar four-year cycle to navigate bull runs, capitulations and market shifts driven by halving events. In 2025, that long-standing roadmap is beginning to look outdated — and analysts are…

Ondo advances 500,000bpd refinery, FTZ projects

A new project vehicle, Sunshine Joint Venture Infrastructure Limited, has been formally incorporated to spearhead the development of the proposed 500,000 barrels-per-day refinery and the Free Trade Zone in Ondo State, marking a significant leap toward the realisation of the…

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