Business
Founder and Chief Executive Officer of Clea, Sheriff Adedokun, discusses developments in Nigeria’s foreign exchange market following reforms introduced by the Central Bank of Nigeria in this interview with FELIX OLOYEDE African firms import goods…
Haun Ventures has raised $1 billion to back early- and late-stage crypto startups, while expanding into artificial intelligence for the first time.The funds will focus on three areas: crypto financial infrastructure, tokenization and AI agents. The firm’s founder, Katie Haun,…
Nasdaq-listed Bitcoin mining and energy infrastructure company Hut 8 secured a $200 million Bitcoin-backed credit facility from institutional crypto prime brokerage FalconX, replacing its prior credit facility with Coinbase Credit. The new facility reducwd the company’s fixed interest rate to 7%…
Decentralized finance protocol Aave filed an emergency motion on Monday in New York to vacate a restraining notice from a US law firm aimed at blocking Arbitrum DAO from transferring 30,766 Ether to the victims of the Kelp exploit. Gerstein Harrow…
Nigeria’s low labour costs and expanding talent pool are driving its rise as a major global outsourcing destination, according to a new report analysing trends in the business process outsourcing industry. The report, compiled by Ataraxis Management using its Global…
K Wave Media, a Nasdaq-listed media and entertainment company, said it is redirecting up to $485 million in remaining financing capacity from a Bitcoin treasury strategy into an artificial intelligence infrastructure buildout, according to a Monday 6-K filing with the…
The Aviation Ground Handlers Association of Nigeria has issued a final ultimatum to airlines over an estimated N9bn debt, threatening to withdraw critical ground handling services if payments are not made within three days. In a letter addressed to the…
Western Union has launched its US dollar-denominated USDPT stablecoin on Solana, marking its first move into blockchain-based payments and onchain settlement for its global remittance network. One of the crypto infrastructure platforms involved in the launch, Fireblocks, said on Monday that…
As the Middle East crisis continues to unsettle economies and test resilience, SAMI TUNJI examines how the Central Bank of Nigeria’s recent reforms are influencing the country’s capacity to absorb external shocks, how effective those measures have been, and the…
Ether’s (ETH) surge to $2,390 on Monday pushed its value above its realized price, implying that the average holder of ETH is now back in profit. But is this enough for the ETH bulls to reach $3,000?Key takeaways:Ether holders are…
Key takeaways:Improved Bitcoin mining profitability and massive ETF inflows have calmed investors’ fears that miner selling could cap BTC price.Bitcoin dominance hits its highest level since July 2025 as investor interest shifts away from struggling altcoin sectors.Bitcoin (BTC) surged to…
The Nigerian Electricity Regulatory Commission has directed electricity consumers in states with newly established state electricity regulators to channel complaints on metering, billing, and related service issues to their respective state agencies, following the implementation of the Electricity Act 2023.…
World Liberty Financial filed a defamation lawsuit against Tron founder Justin Sun in Florida, escalating a legal fight between the Trump family-linked crypto platform and one of its largest investors.The lawsuit, filed Monday in the Eleventh Judicial Circuit Court for…
The Depository Trust & Clearing Corporation (DTCC) plans to pilot trading of tokenized securities in July with a goal of a full service launch in October.The post-trade market infrastructure giant said Monday that more than 50 TradFi and DeFi firms…
Bitcoin (BTC) reached a new three-month high of $80,500 on Monday, testing the level for the first time since Jan. 31. The rally above $80,000 puts the price just below short-term holders’ cost basis of $81,486, the next dynamic resistance…
South Africa has announced an upward adjustment in fuel prices effective 6 May 2026, citing rising global crude oil prices, higher international petroleum product costs, and supply disruptions linked to tensions in the Middle East. The development highlights mounting pressure…
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