Tuesday, June 30

Business

Imported petrol beats Dangote on price

The landing cost of imported Premium Motor Spirit (petrol) is now lower than the gantry price of the commodity from the Dangote Petroleum Refinery, following the refinery’s decision to hike prices, The PUNCH reports. Data from the Major Energies Marketers…

Coinbase Inches Closer Toward Launching Custom Stablecoins

Coinbase is testing Flipcash’s in-development stablecoin, USDF, on its backend as part of a new feature that will allow businesses to create their own branded, dollar-backed tokens.The “Coinbase Custom Stablecoins” feature, introduced in December, will let businesses earn rewards on…

Facebook to showcase creator tools at Lagos summit

Facebook will take centre stage at the 2026 African Creators Summit, offering on-ground experiences aimed at connecting with the continent’s expanding digital talent. The summit, scheduled for Thursday, 29 January, at Lagos’s Federal Palace Hotel, brings together creators, storytellers, innovators,…

Retail Traders Rotating to Whatever is Pumping: Santiment

Social media discussions about silver and gold have outpaced crypto on most days this month as retail investors have latched onto a recent rise in precious metal prices, according to market intelligence platform Santiment.Gold discussion erupted in the second week…

Motivair expands liquid cooling portfolio for AI workloads

Motivair by Schneider Electric has announced the launch of its new MCDU-70 Coolant Distribution Unit, describing it as a scalable, high-performance solution for next-generation AI data centres. The company said the announcement marked a significant expansion of its liquid cooling…

Steak ‘N Shake Adds M To Strategic Bitcoin Reserve

US fast-food restaurant chain Steak ’n Shake has added $5 million worth of Bitcoin to its Strategic Bitcoin Reserve as part of a pledge to funnel all sales made in Bitcoin straight into the fund.The move takes the company’s total…

Broadcast leaders affirm Arewa24’s impact on industry

The Broadcast Media Owners and Practitioners Forum and JKD TV, along with NIGCOMSAT and Hamada Radio FM, have affirmed the important role of Arewa24 in Nigeria’s broadcasting landscape, emphasising their support for the media company and the National Broadcasting Commission.…

South Dakota Lawmaker Makes Another Run at Bitcoin Reserve Bill

The state representative introduced similar legislation shortly after taking office in 2025, but the bill was deferred and not signed into law.A member of South Dakota’s House of Representatives has introduced another bill that would allow the US state to…

‘Airlines face pressure from trapped ticket revenues’

The International Air Transport Association has said that international airlines are facing growing financial pressure as billions of dollars in ticket revenue remain trapped in various countries due to foreign-exchange restrictions. In an article by the Senior Vice President, External…

Morgan Stanley Appoints Head of Digital Asset Strategy

Morgan Stanley has tapped veteran executive Amy Oldenburg to lead the investment bank’s new crypto unit, just weeks after announcing plans to launch three crypto exchange-traded funds and a crypto wallet.Oldenburg will transition to head of digital asset strategy after…

Auto firm decries govt hurdles delaying 0m investment

US-based Nigerian entrepreneur and Chief Executive Officer of Asper Autos Online Auction, Saheed Ashogbon, has lamented what he described as repeated frustrations and pushbacks from government authorities over his planned $100m automotive-related investment in Nigeria. Speaking with journalists in Lagos…

American Bitcoin and Other Public Companies Add to Bitcoin Treasuries

Public companies are quietly expanding their Bitcoin treasuries in early 2026, with new disclosures this week showing continued accumulation despite largely flat prices.Nasdaq-listed American Bitcoin Corporation said on Tuesday that its Bitcoin (BTC) holdings rose to 5,843 BTC, an increase…

States get deadline to publish contracts under W’Bank scheme

The World Bank–assisted Human Capital Opportunities for Prosperity and Equity Programme of the Federal Ministry of Budget and Economic Planning has directed state governments to publish contract award information for basic education and primary healthcare procurements within 30 days after…

AI Data Centers Face Local Pushback Seen in Bitcoin Mining

For years, Bitcoin miners expanding across the United States learned that access to cheap power and industrial land did not guarantee community acceptance. Now, as AI hyperscalers and developers race to build power-dense data centers, they are encountering similar local…

Customs, NDLEA seize 347.5kg of cannabis at Apapa port

The Nigeria Customs Service, Apapa Area Command, and the National Drug Law Enforcement Agency have intercepted 347.5 kilograms of Canadian Loud, a potent strain of cannabis, hidden inside an imported Toyota Sienna. The command announced this in a statement on…

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