Saturday, December 6

Business

BlackRock Calls .3 Billion IBIT Outflows in November ‘Perfectly Normal’

BlackRock’s spot Bitcoin exchange-traded fund (ETF) closed November under pressure after experiencing heavy withdrawals, but the asset manager remains confident in its long-term outlook for the product.Speaking in São Paulo, BlackRock business development director Cristiano Castro said the company’s Bitcoin…

Cash outside banks surges by N181.7bn in one month

Cash held outside the banking sector rose sharply in October 2025, climbing to N4.646tn from N4.465tn in September, according to new money and credit statistics released by the Central Bank of Nigeria. The increase of N181.71bn marks one of the…

Ether Eyeing .2K As Stablecoin Yields Remain Low: Santiment

Ether’s price may rise nearly 7% in the near term, as subdued stablecoin yields suggest the crypto market has yet to reach overheated conditions, according to crypto sentiment platform Santiment.“Currently, yields are low, around 4%. This indicates the market has…

Guinness celebrates African culture at Calabar carnival

Guinness has announced its role as the Official Headline Sponsor of the 2025 Calabar Carnival, one of Africa’s biggest street festivals, promising to deliver an extraordinary fusion of culture, creativity, and unrivalled energy to the city of Calabar. It said…

Protect local airlines, experts urge govt

Aviation experts from Nigeria converged at the Lagos airport recently to examine aeropolitics, aiming to chart ways to protect domestic airlines from aviation power tussles and to ensure the rework of Bilateral Air Service Agreements that are against local operators’…

TTP says port platform key to economic stability

The management of Truck Transit Park Limited has stated that the Nigerian economy will bleed if the platform (TTP) is withdrawn from the port. The Co-founder and Chief Executive Officer of TTP, Mr. Jama Onwubuariri, stated this on Friday while…

Galaxy Backbone, NASENI partner to enhance national ICT

Galaxy Backbone Limited and the National Agency for Science and Engineering Infrastructure have moved to strengthen collaboration on government-wide ICT services as part of efforts to support Nigeria’s digital transformation agenda. This followed a courtesy visit by the Managing Director…

Global disruptions loom as Airbus withdraws 6,000 aircraft

European plane maker, Airbus, has announced that it will be withdrawing over 6,000 of its A320-family aircraft. This development may lead to major flight disruptions globally. The manufacturer requested the immediate withdrawal of the aircraft for urgent modifications. According to…

Crude, other constraints limit Nigeria’s refining capacity 62%  – FG

Nigeria’s midstream and downstream petroleum sector remains hampered by low refinery utilisation despite a combined installed capacity of 1.125 million barrels per day, the Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority, has said. According to the…

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