The Chartered Institute of Bankers of Nigeria has commended Abia State Governor, Alex Otti, for the notable economic progress recorded in the state under his leadership. The President and Chairman of the Council of the CIBN, Prof. Pius Olarenwaju, made…

Metaplanet’s CEO Simon Gerovich doubled down on the company’s Bitcoin-first strategy as the wider crypto market suffered one of its harshest drawdowns since 2022.“[T]here is no change to Metaplanet’s strategy. We will steadily continue to accumulate Bitcoin, expand revenue and…

US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that are stalling a key crypto bill.US Treasury Secretary Scott Bessent has told Congress that traditional and crypto…

The Nigeria Customs Service, Port and Terminal Multiservices Limited Command, has said it generated N44.06 bn in January 2026, surpassing the N40.50 bn recorded in January 2025 by N3.56 bn, representing an 8.8 per cent increase. In a statement, the…

Large Bitcoin holders are now controlling the smallest share of the cryptocurrency’s supply since late May, when it first reclaimed $100,000 after more than three months, according to crypto sentiment platform Santiment.Santiment posted to X on Thursday that “whale and…

The Federal Government’s plan to stop bearing electricity subsidy costs alone and instead spread the burden across the federal, state, and local governments from 2026 has opened a fresh fault line in Nigeria’s power sector, with generation companies rejecting the…

The investment arm of stablecoin issuer Tether has acquired a $150 million stake in the precious metals platform Gold.com to expand access to tokenized gold.Tether said on Thursday that it acquired an approximately 12% stake in the company, which will…

TotalEnergies Marketing Nigeria Plc has warned that Nigeria’s deregulated downstream petroleum market will fail to deliver long-term value unless it is backed by firm regulatory discipline, consistent policies and strict safety enforcement. The oil major stated that the absence of…

Shares in crypto mining companies IREN and CleanSpark sank on Thursday as their earnings came in below Wall Street expectations and Bitcoin’s slide saw traders turn risk-off.Bitcoin (BTC) has fallen 12% over the past 24 hours to briefly touch a…

The House of Representatives Committee on Finance, on Thursday, queried the Acting Managing Director of Nigerian Bulk Electricity Trading Plc, Mr Johnson Akinowo, over the utilisation of N4.10bn accrued from regulatory income in the 2025 fiscal year. The committee also…

Kalshi says it’s expanding surveillance on its prediction markets platform with an independent advisory committee and partnerships to catch insider trading and market manipulation just days ahead of the Super Bowl.Kalshi said on Thursday that the committee would give a…

Lagos-based fintech startup HitchPay has processed over $2m in transactions in the past four months, underscoring rising demand for streamlined cross-border payments among African businesses and diaspora communities. The platform, which counts more than 20,000 active users, is growing at…

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has reportedly seen an all-time peak daily trading volume as traders responded to Bitcoin’s rapidly crashing price.The iShares Bitcoin Trust ETF (IBIT) “crushed its daily volume record” on Thursday, with $10 billion worth of…

The Federal Government commenced a comprehensive review of the National Agricultural Growth Scheme and Agro Pocket Project after recording 2,536,184 metric tonnes of produce valued at N2,312,746,400,000.00 over four farming seasons. Speaking at the workshop on the implementation framework of…

Tether has made a $100 million strategic equity investment in Anchorage Digital, formalizing an existing relationship between the stablecoin issuer and the federally regulated US crypto bank.According to a post by Tether on Thursday, the investment builds on the companies’…