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Cryptocurrency traders are no longer using Bitcoin (BTC) profits to buy altcoins as they did in previous bull cycles, raising doubts about whether a broad “altseason” can return.Key takeaways:Bitcoin-to-altcoin rotation trend has collapsed to its…
EIB Global, the development branch of the European Investment Bank, has announced a €170m financial partnership with the Lagos State Waterways Authority to develop sustainable and efficient water transport in Lagos. The partnership, which is the first collaboration between LASWA…
Two brothers accused of kidnapping a Minnesota family at gunpoint last year to steal $8 million in cryptocurrency pleaded guilty in connection with the armed robbery. Isiah Angelo Garcia and Raymond Christian Garcia, on Thursday, entered guilty pleas for Interference with…
The Federal Government has engaged the banking community on the Revenue Optimisation Assurance Platform, a digital revenue collection system aimed at improving revenue generation, blocking leakages and enhancing transparency in public finance management. Speaking at a sensitisation workshop organised by…
As the easing of tensions between the United States and Iran continues, the Petroleum Products Retail Outlets Owners Association of Nigeria has called on refiners, depot owners and petroleum products importers to reduce their ex-depot and retail pump prices in…
The Nigeria FMCG Industry Report 2026, published by Omni, has revealed that only 18 per cent of retailers in the country have accessed formal loans, underscoring the scale of financial exclusion in the fast-moving consumer goods sector. The report, which…
Global asset manager Franklin Templeton has filed for two exchange-traded funds (ETFs) designed to convert dividend income from US stocks into Bitcoin exposure, according to a June 18 filing with the US Securities and Exchange Commission (SEC).The proposed Franklin US…
Economists have attributed Nigeria’s strong revenue performance in the first five months of 2026 to the impact of recent tax reforms, improved revenue administration and stronger earnings from the oil sector, following government collections of N15.8tn during the period. According…
The S token, the native utility asset behind the Sonic blockchain, fell 5% on Friday after Sonic Labs, formerly known as the Fantom Foundation, announced the resignation of three former executives from its board. The S token fell to 0.031 on…
Stakeholders in the built environment have stated that the Lagos-Calabar Coastal Highway has the potential to improve national connectivity, strengthen regional development, support logistics, open economic opportunities, promote tourism, connect coastal markets and reduce spatial isolation. This formed the thrust…
Former Ethereum Foundation contributor Trenton Van Epps warned that Ethereum is facing a core development funding crisis that will highlight the need for new funding sources in the next three to nine months.The former contributor wrote in a blog post…
Former Minister of Communication Technology, Dr Omobola Johnson, will deliver the keynote address at the third Daniel Taiwo Odukoya Memorial Lecture today at The Fountain of Life Church, Ilupeju, Lagos. The renowned technology executive and corporate leader is expected to…
Prediction market Kalshi is reportedly in early, informal talks with investment banks about an initial public offering (IPO), despite increasing regulatory scrutiny over sports betting contracts on these platforms.Kalshi is in early-stage talks to go public via an IPO after…
Key takeaways:Puts (sell) options dominate the June 26 expiry with net advantages of $1B to $3.4B, leaving bulls exposed.Despite Strategy buying BTC again, heavy call (buy) positioning above $72,000 will likely reinforce bearish momentum.$13 billion in Bitcoin (BTC) options open…
Financial services giant Charles Schwab will reportedly enter the prediction markets business by offering customers wagers on the S&P 500.According to a Friday Wall Street Journal report, Charles Schwab is planning to launch options contracts allowing users to place yes-or-no…
Crypto exchange WhiteBIT has obtained authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA) from Austria’s Financial Market Authority, allowing the company to offer regulated crypto services across the European Economic Area through a single license.Under MiCA, crypto companies…
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