Wednesday, October 14

Business

Oil prices tumble as US, Iran reach peace deal

Global crude oil prices recorded a steep decline on Monday following a peace agreement between the United States and Iran, bringing an end to more than two months of hostilities that disrupted global energy markets and fuelled inflationary pressures across…

Aztec Connect Exploited For .1 Million

Aztec Connect, a deprecated decentralized finance platform, was drained of around $2.1 million in crypto on Sunday after an attacker exploited its verification function.Aztec Labs posted to X on Sunday that it was “investigating a potential exploit affecting Aztec Connect,”…

Firm unveils industrial battery storage solution

TranESS has introduced a new energy storage solution aimed at commercial and industrial solar power users as part of efforts to expand battery storage options in Nigeria’s growing renewable energy market. As businesses and households embrace solar power and self-generation…

Bitcoin Nears K After Trump Announces Iran Peace Deal

Bitcoin came just shy of $66,000 during Monday morning trading after US President Trump claimed that the US had brokered a peace deal with Iran that would reopen the Strait of Hormuz.“The deal with the Islamic Republic of Iran is…

Aradel, NEM, FCMB Group top stock pick this week

Nigerian stocks added 0.9 per cent last week, recovering from the depreciation it recorded penultimate week, supported by increased investors’ interest in bank and oil & gas stocks. That took the year-to-date yield of the market to 57.3 per cent.…

Nigeria records .32bn non-oil exports amid informal trade growth

Nigeria’s 25 per cent increase in non-oil exports in 2025 underscores the expanding influence of informal trade in supporting economic growth, with the African Development Bank projecting that greater formalisation could accelerate expansion through improved productivity, writes ARINZE NWAFOR Nigeria’s…

CFTC Pulls New Mexico Into Prediction Markets Battle

New Mexico is the latest US state to be pulled into the Commodity Futures Trading Commission’s legal fight for its jurisdiction over prediction markets after the state sued Kalshi for allegedly offering illegal sports betting.The CFTC said on Friday that…

Rite Foods takes environmental education to schools

As part of activities marking the 2026 World Environment Day, Rite Foods Limited has engaged students in practical environmental education, tree-planting, and recycling awareness programmes across Lagos and Ogun states, reaffirming its commitment to environmental sustainability and climate action. The…

Bitcoin Mining Difficulty Falls 10% As Hashprice Tops

Bitcoin mining difficulty dropped by 10.09% on Sunday, marking the blockchain’s 11th-largest downward adjustment and easing some of the pressure on miners.Galaxy Research said that mining difficulty fell from 138.96 trillion to 124.93 trillion at block 953,568 on Sunday, the…

Abuja agriculture students receive food security grants

Twenty-five final-year students of the Faculty of Agriculture, University of Abuja, have received research grants under the Nigeria Food Security Scholars Programme, an initiative of the Nigerian Food Security Project designed to promote research-driven solutions to Nigeria’s food security challenges.…

Bayelsa oil, gas park progresses steadily

The Nigerian Oil and Gas Park Scheme in Emeyal-1, Ogbia Local Government Area of Bayelsa State, is moving closer to completion, with the Nigerian Content Development and Monitoring Board confirming that the facility is expected to become operational in the…

CBN liquidity tightening triggers short-term debt shift

Nigeria’s macroeconomic landscape is shifting as the Central Bank aggressively tightens liquidity, reshaping local fixed-income and currency markets. While high-yield OMO auctions anchor the financial system, broader indicators reveal deep sectoral contrasts, marked by expanding industrial foreign exchange capacity alongside…

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