Monday, June 29

Business

Bitwise to Acquire Chorus One as Crypto Staking Demand Accelerates

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 targets singles in Valentine campaign

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 Shutters Avara Brand and Family Crypto Wallet

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…

Nigeria Prizes 2026 opens with AI, poetry

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 Launches OG Prediction Market Platform

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…

Nigeria secures .2bn oil investments, 28 field plans

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…

Ethereum Dust Attacks Have Increased Post-Fusaka

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…

Payward Revenues Jump 33% as Traders Flock to Kraken

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 assures annuitants of stability

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…

Vitalik Buterin Says Ethereum Scaling Should Move From L2s

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…

Nigeria PMI slips below 50 as orders stall

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 Lacks Strength for K Retest as Gold, Silver Edge Higher

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 becomes hub for Airtel’s data ambitions

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,…

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