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…

Shareholders of Guaranty Trust Holding Company Plc have commended the management of the financial institution for the highest dividend payout of N12.76 in the Nigerian banking sector for the 2025 financial year. The shareholders at GTCO’s 5th Annual General Meeting…

MoonPay is launching a virtual debit card that allows users and AI agents to spend stablecoins directly from self-custodied onchain wallets at merchants that accept Mastercard, using real-time crypto-to-fiat conversion at checkout.The card, developed with Monavate and Exodus Movement, Inc.,…

Quest Merchant Bank has announced the appointment of Andrew Lewis, popularly known as Ayo Lewis, as its new Executive Director of Risk Management and Executive Compliance Officer. The appointment, which has received formal regulatory approval from the Central Bank of…

Bitcoin may not need a new story or catalyst to push back above the psychological $100,000 level, which it has not traded above in nearly five months, according to MN Trading Capital founder Michael van de Poppe.‘“There doesn’t need to…

The Minister of Solid Minerals Development and Chairman of the Africa Minerals Strategy Group, Oladele Alake, has called for stronger regional cooperation among African countries to reposition the continent as a major force in global mineral supply chains. Alake made…

Key takeaways:Bitcoin options markets price in low odds of BTC reaching $84,000 in May, while the monthly futures basis rate reflects weakness.Significant Bitcoin accumulation by listed companies and rising spot Bitcoin ETF inflows absorb mining supply, reducing the impact of…

Lagos, Nigeria’s commercial capital, is betting that the country’s chronic electricity shortages can be tackled outside the national grid, scaling up state-backed power generation and distribution after securing 400 megawatts of new supply. The Lagos State Commissioner for Energy and…

The President of the All Farmers Association of Nigeria, Mohammed Magaji, has raised concerns over limited access to agricultural financing, blaming commercial banks for their reluctance to support farmers despite the existence of the Agricultural Credit Guarantee Scheme Fund. Speaking…

Digital asset company Bakkt completed its acquisition of stablecoin infrastructure firm Distributed Technologies Research (DTR) through an equity-based transaction as part of its bid to create a digital settlement layer.Bakkt CEO Akshay Naheta said on Thursday that the deal aims…

UAC of Nigeria (UACN)’s buyout of rival Chivita|Hollandia (CHI Limited) last October helped deliver a 311.4 per cent profit rise for the post-consolidation entity in the first quarter, compared to a year ago, its latest financials showed. The conglomerate, whose…

A technology firm, Crown Softech Ltd, has unveiled an Artificial Intelligence-powered communication platform designed to support electoral processes and business operations. The platform, known as WaFlo, is a “Software-as-a-Service” solution that integrates Meta Business APIs across WhatsApp, Instagram and Messenger…

Bitcoin (BTC) eyed $77,500 on Friday after US stocks posted fresh record highs on strong tech earnings.Key points:Bitcoin continues a rebound after the monthly close as stocks hit record highs.Strong tech earnings propel the S&P 500 over 7,200 points for…

Banking group Guaranty Trust Holding Company’s (GTCO) interest income rose to N458.5 billion from N386 billion, deriving strength from interest earned from loans and advances to customers, which was up by roughly a quarter. The group posted a 15.4 per…

Amid fresh concerns by energy experts that the planned exit of the United Arab Emirates from the Organisation of the Petroleum Exporting Countries may weaken the cartel’s influence on global oil prices and ultimately hurt Nigeria’s revenue outlook, officials of…