The Independent Media and Policy Initiative has said recent economic reforms have coincided with improved revenue performance among companies in Nigeria’s real sector. In a policy brief signed by its Chairman, Omoniyi Akinsiju, the group stated that firms in productive…

A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket.The venture capital heavyweight submitted the letter on…

The World Bank Group has committed $8.2bn to expand electricity access across Sub-Saharan Africa as part of a broader push to tackle one of the region’s most persistent development challenges, with nearly 600 million people still living without power. The…

Solana-based decentralized finance yield protocol Carrot said Thursday that it is shutting down permanently, becoming one of the first DeFi protocols to fall due to contagion from the Drift Protocol exploit in early April. In an X post on Thursday, Carrot…

Millions of Nigerian telecom subscribers may soon regain access to airtime and data credit services after separate Federal High Court orders in Abuja and Lagos restrained enforcement actions tied to digital lending regulations. The Federal High Court in Abuja, in…

A group of Bitcoiners has launched a new open-source AI tool that generates evidence-based responses to misconceptions about Bitcoin’s environmental impact, energy use and its role in the financial system. Nordic-based Bitcoin education platform Bitcoin Beyond 66 said it built “The…

Nigeria’s foreign currency-denominated tax receipts rose sharply to N6.33tn in 2025, reflecting increased contributions from multinational firms and exchange rate effects, an analysis of data released by the National Bureau of Statistics has shown. The figure represents a 27.3 per…

Bitcoin could be setting up for a multimonth price decline, after a rally in April driven mainly by futures traders while spot demand declined, according to the crypto analytics firm CryptoQuant.Bitcoin gained around 20% in April, rising from $66,000 to…

Cadbury Nigeria Plc has announced the resignation of its director, Mrs Ibukun Awosika, from the company’s board. The company disclosed this in a notice to the Nigerian Exchange Limited and the investing public on Wednesday. The notice was signed by…

Riot Platforms posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million.The data center revenue helped offset a decline in Riot’s core Bitcoin mining business, which fell to $111.9…

A Nigerian construction technology firm has highlighted a building system that it says can deliver bungalows in as little as three weeks, as it seeks to address delays and inefficiencies in the country’s housing sector. Sourcebridge Limited, an innovator in…

Stablecoin issuer Tether (USDT) reported $1.04 billion in net profit for the first quarter of 2026, as its excess reserves rose to a record $8.23 billion, according to its latest attestation on Friday.The company said its reserves remain heavily concentrated…

Passengers on a London (Gatwick) to Lagos flight operated by Air Peace Limited have raised concerns over delays and welfare conditions following a disruption caused by a bird strike at Gatwick Airport. According to the airline, the incident, which occurred…

Equity Group Holdings, Kenya’s most profitable lender, has officially signalled a major southward expansion, setting its sights on bank acquisitions in Angola, Zambia, and Mozambique. The move, announced Wednesday via Kenya Wall Street following record-breaking financial results, marks a strategic…

The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per coin, worth roughly $22.9 million.“This sale funds the Ethereum Foundation’s core operations and…