Thursday, October 15

Business

Kraken Says ‘Plans’ to Offer BTC Perps to US Institutionals

Kraken said late Friday that it expects to launch CFTC-regulated perpetual futures contracts in the US in the next 30 days, hours after the US Commodity Futures Trading Commission approved the instruments.The exchange said when it gains approval, the contracts…

Bitcoin is on the Verge of Locking in 3% May Losses

Bitcoin (BTC) circled $73,500 on Sunday as bulls stared down 3% BTC price losses for May.Key points:Bitcoin looks set to end May “in the red” as the monthly candle close nears.US labor-market data will form the key volatility catalyst for…

FAAN, Lagos govt step up Ebola surveillance at airport

The Federal Airports Authority of Nigeria (FAAN), Lagos State Government health officials, and Port Health Services have reinforced measures to prevent the importation and spread of Ebola Virus Disease (EVD) through the Murtala Muhammed Airport (MMA), Lagos, following a joint…

Cosmos-Based Gravity Bridge Halts After Reported .4M Exploit

Gravity Bridge, a decentralized blockchain facilitating cross-chain transfers between Ethereum and Cosmos, was reportedly drained of roughly $5.4 million, prompting validators to halt the bridge.Onchain analyst Specter first flagged the unusual outflows in a Saturday post on X, revealing that…

Bitcoin Spot, Futures Buyers Show Up But Is It Enough?

Bitcoin ETF selling overwhelmed markets again after last week’s $1.42 billion outflow followed the previous week’s $1.26 billion outflow. BTC’s subsequent fall to $72,500 raised concerns that the price would slip back into the $60,000 to $70,000 range that BTC was…

NNPC posts N481bn profit amid revenue surge

The Nigerian National Petroleum Company Limited has recorded a significant month-on-month surge in performance, with revenue climbing sharply to N4.97tn in April 2026, compared to N2.77tn posted in March. This represents an increase of about 79 per cent in monthly…

70% of Nigerian firms depend on generators – AfDB

The African Development Bank has revealed that 70.7 per cent of firms in Nigeria own or share generators due to persistent electricity shortages, with power outages costing businesses about three per cent of their annual sales. The bank disclosed this…

Personal loans hit N1.96tn as consumer credit grows

Personal loans granted by Nigerian banks rose to N1.96tn in January 2026, accounting for more than half of the country’s total consumer credit, according to the latest Economic Report of the Central Bank of Nigeria. The report, obtained from the…

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