Business
Bitcoin (BTC) struggled near $60,000 around Monday’s Wall Street open as bulls increasingly risked a support/resistance flip.Key points:Bitcoin bulls face an uphill struggle to flip $60,000 back to support, even as US stocks see fresh…
Bitwise Asset Management is reportedly acquiring institutional staking provider Chorus One, extending its push into cryptocurrency yield services.The acquisition adds a major staking operation to the crypto asset manager’s platform as demand for onchain yield products increases among both retail…
Konga has launched a Valentine campaign aimed squarely at single shoppers, marking a shift from traditional couple-focused marketing as Nigeria’s e-commerce giant taps into changing consumer behaviour. The campaign, tagged “Black Valentine: Special Love Series,” runs from 1 to 16…
Aave Labs says it is sunsetting its “umbrella brand” Avara in the company’s latest move to refocus on decentralized finance and simplify its branding.Aave founder and CEO Stani Kulechov posted to X on Tuesday that Avara, a company encompassing projects…
The organisers of The Nigeria Prizes have announced the commencement of the 2026 competition cycle, highlighting artificial intelligence, information and communication technology, poetry, and documentary filmmaking. In a statement issued on Sunday, the organisers said the 2026 edition reinforces The…
Crypto.com has spun out its prediction markets business, first launched in 2024, into a standalone platform called OG, competing with the likes of Polymarket and Kalshi. OG is powered by Crypto.com Derivatives North America (CDNA), a Commodity Futures Trading Commission-registered exchange…
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that Nigeria achieved a major investment breakthrough in 2025 with the signing of 28 new field development plans, valued at $18.2bn, which carry an estimated production potential of…
Stablecoin-fueled dusting attacks are now estimated to make up 11% of all Ethereum transactions and 26% of active addresses on an average day, after the Fusaka upgrade made transactions cheaper, according to Coin Metrics. Ethereum is now seeing more than 2…
Leading financial institution, OPay, has been named Fintech/Digital Bank of the Year 2025 at The Sun Awards organised by The Sun Publishing Limited, one of Nigeria’s respected media institutions, on the 31st January 2026 at Eko Hotels and Suites, Victoria…
Crypto exchange Kraken’s parent company, Payward, reported 33% revenue growth in 2025 as transaction volumes rose and the business capitalized on its acquisitions. The company’s revenues rose to $2.2 billion last year, up from $1.6 billion in 2024 due to…
Cornerstone Insurance Plc has assured annuitants of its financial stability and long-term capacity to meet pension obligations, reaffirming its commitment to trust, accountability and consistent service delivery to retirees across the country. This reassurance was delivered during the recently held…
Ethereum co-founder Vitalik Buterin has reversed his long-held view that layer-2s should be the primary way to scale Ethereum, saying the approach “no longer makes sense.”“We need a new path,” Buterin said in a post to X on Tuesday, arguing…
Nigerian companies recorded a muted start to 2026, with business conditions broadly stable but momentum easing, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index published on Monday. According to the Stanbic IBTC Bank Nigeria PMI compiled by…
Bitcoin (BTC) returned to range-bound moves on Tuesday as gold returned near the key $5,000 mark.Key points:Bitcoin trades sideways as gold and silver attempt to reclaim prior losses.Analysis remains split over how the Bitcoin versus gold relationship will play out…
Eko Atlantic is set to become a major hub for Nigeria’s digital transformation as Airtel Nigeria reaffirms its commitment to strengthening the country’s digital infrastructure through the development of its Nxtra Data Centre. The initiative aims to bridge connectivity gaps,…
The US House of Representatives approved a bill on Tuesday that will fund most of the government through the end of September.Lawmakers in the US House of Representatives have approved a bill that will mostly reopen the government after a…
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