Tuesday, October 13

Business

IREN Enters Europe With Spanish AI Data Center Acquisition

Bitcoin miner IREN has completed its acquisition of the Spanish data center developer Nostrum Group, marking its entry into Europe as the company builds out its artificial intelligence cloud business.IREN said in a press release on Monday that the acquisition…

Bitcoin Momentum Weak as Recovery Rests on US-Iran Deal

Bitcoin’s recovery is hinged on a successful peace deal between the US and Iran as its onchain metrics show the cryptocurrency remains weak despite its recent recovery, analysts say.Nick Ruck, a director at LVRG Research, told Cointelegraph that despite Bitcoin…

Dangote, AFC sign 0m deal for fertiliser expansion

The Dangote Group says it has strengthened its strategic partnership with the Africa Finance Corporation with the signing of a $600m loan agreement to support the expansion of its fertiliser production capacity to boost food security across Nigeria and Africa.…

US Government Watchdog Urges FDIC Address Crypto Oversight

The US Government Accountability Office has urged the Federal Deposit Insurance Corporation to make an effort to coordinate with other federal agencies to address risks from blockchain technology.GAO made a June 8 letter to FDIC Chairman Travis Hill public on…

LBS partners Aquiline on security leadership programme

Aquiline Consulting Limited, in partnership with Lagos Business School, Pan-Atlantic University, has launched an executive education programme aimed at strengthening leadership capacity across Nigeria’s security sector amid growing security challenges and resource constraints. The Advanced Leadership Course for Senior Executives…

Anthropic Ban Drives Demand for Decentralized AI Tokens

Anthropic’s decision to shut down access to its latest artificial intelligence models after a US order to suspend access to foreign nationals highlights the risks of centralized control in AI, which could increase demand for decentralized alternatives, says Grayscale. Grayscale head…

Nigeria gas output rises as domestic demand grows

Nigeria’s daily natural gas production rose to 7.93 billion standard cubic feet per day (bcf/d) in May 2026, driven by increased domestic demand and the growing contribution of non-associated gas production, fresh industry data has shown. The data revealed that…

Oil firms urged to face legal accountability

A Nigerian legal scholar based in the United Kingdom, Godwin Daramola, has called for stricter environmental regulations and legally enforceable sustainability obligations for oil and gas companies operating in Nigeria, arguing that voluntary corporate social responsibility initiatives have failed to…

CBN orders banks to localise payments data

The Central Bank of Nigeria has directed banks, fintech firms and other payment service providers to store payment transaction data generated within the country on local servers from January 1, 2027, as part of new measures to strengthen oversight of…

Customs intercept N403m foreign vegetable oil shipment

The Nigeria Customs Service, Federal Operations Unit Zone C, Owerri, has announced the interception of a large consignment of foreign-smuggled vegetable oil with a duty-paid value of N403.4m. The unit described the seizure as a result of strategic intelligence coordination…

Bitcoin Covenants

Recently, the concept of so-called covenants has received renewed attention as Bitcoin development and protocol discussions underwent a renaissance. Covenants could enable and facilitate a wide range of applications, including new trustless and scalable layer 2s, fully non-custodial vaults with…

FAAN probes alleged gold smuggling by staff

The Federal Airports Authority of Nigeria said it has commenced an official investigation into the circumstances surrounding the allegation of gold smuggling involving its staff members. FAAN staff in the Aviation Security section, Ali Baffa, was arrested by operatives of…

Bybit Launches Tokenized Fixed-Income Products for Users

Crypto exchange Bybit will offer eligible customers access to tokenized bond funds managed by PIMCO and China Merchants Bank International, expanding its push into real-world assets through partnerships with Plume and DigiFT. Bybit’s new RWA Earn platform launched with two…

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