Monday, June 29

Business

Tether Makes 0M Equity Investment in Anchorage Digital

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’…

FG to strengthen gas-to-power chain for industrial growth

The Federal Government has unveiled fresh measures to strengthen Nigeria’s gas-to-power value chain, describing natural gas as the backbone of electricity supply and a critical enabler of the country’s industrialisation drive. The government disclosed that gas currently fuels more than…

Is It Time For A Bounce?

Bitcoin touched new lows under $64,000 as market selling reached a historic level, and analysts warn that the bottom is not in. Does data support analysts’ sub-$60,000 prediction?Bitcoin (BTC) has fallen 13% over the past four days, sliding to $63,844…

Why NNPC pulled the plug on refineries — Ojulari

Group Chief Executive Officer of the Nigerian National Petroleum Company Limited in April 2025, Bayo Ojulari, during a fireside chat with Arise News anchor Vimbai Mutinhiri-Ekpenyong, delves into NNPC Limited’s shifting strategy in the face of global energy transition dynamics,…

FG approves digitisation of fish import licences

Minister of Marine and Blue Economy, Adegboyega Oyetola, has sanctioned the move to digitise Nigeria’s fish import licences. In a statement on Tuesday, the minister stressed that the move is a landmark policy aimed at enhancing transparency, efficiency and regulatory…

Bitcoin’s Chance Of Returning To K By March Is Slim

Key takeawys:Bitcoin fell below $63,000 as weak US job data and concerns over AI industry investments fueled investor risk aversion.Options markets show a 6% chance of Bitcoin returning to $90,000 by March.Bitcoin (BTC) slid below $63,000 on Thursday, hitting its…

Dantsoho reaffirms FG’s commitment to port investments

The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has reaffirmed the Federal Government’s commitment to promoting increased investor participation in port development while highlighting steps taken to boost the productivity levels of all the nation’s maritime gateways.…

EU Tokenization Companies Urge Fixes to DLT Pilot Rules

A group of European tokenization operators has urged EU policymakers to swiftly amend the bloc’s DLT Pilot Regime, warning that current asset limits, volume caps and time-limited licenses are preventing regulated onchain markets from scaling as the United States advances…

First HoldCo earning drops 93% to N45bn

First HoldCo has reported a full-year profit of N44.98bn for the 2025 financial year, representing a 93.4 per cent decline from the N677.01bn profit recorded in 2024, even as the financial services group slipped into a loss of N405.89bn in…

Gemini To Exit UK, EU, and Australia To Focus on Business in US

Crypto exchange Gemini announced its exit from the United Kingdom, European Union and Australia markets on Thursday, as the company slashed its workforce by 25%. Gemini cited artificial intelligence automating labor and making engineers “100x” more efficient, and a more challenging…

How Nigeria can turn gas into power, industry, economic growth

Experts and top government officials have offered insights on how Nigeria can convert its gas reserves into reliable electricity supply and broad-based economic growth. This conversation comes against the backdrop of the recently launched Gas Master Plan by the Nigerian…

Open banking roadmap coming  in three months — CBN

The Central Bank of Nigeria will issue an implementation roadmap for Open Banking within three months, aiming to bridge technical gaps in the country’s financial ecosystem. This was disclosed in the newly released CBN Fintech Report 2025, which captured activities…

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