Major South Korean financial conglomerate Hana Financial is buying a stake in Dunamu, the operator of the crypto exchange Upbit, in its latest venture into the digital assets sector, amid a broader trend of traditional financial institutions wading into the…

Nigeria’s crude oil and condensate production rose to an average of 1.66 million barrels per day (bpd) in April 2026, bringing the country close to its production target under the Organisation of Petroleum Exporting Countries (OPEC) quota. The figures were…

Australia’s proposed changes to capital gains tax could lead to smaller profits for cryptocurrency traders, especially low-income earners, and could discourage “patient investing,” according to several crypto executives. The proposed reform, announced by the ruling Labor Party on Tuesday as…

Business mogul and African billionaire Aliko Dangote has said China currently dominates business across Africa because it is more willing than the United States and Europe to provide long-term financing and credit support for major industrial and infrastructure projects. Mr…

Privacy messaging app Signal has said it may exit Canada if forced to comply with the country’s proposed lawful access bill, which would require companies to build technical surveillance capabilities that some argue could threaten end-to-end encryption.In an interview with…

President/Chief Executive Officer of Dangote Group, Aliko Dangote, says he pushed back against attempts by the Nigerian National Petroleum Company Limited (NNPC Limited) to increase its equity stake in the $20 billion Dangote Petroleum Refinery. Mr Dangote disclosed this during…

Crypto exchange Kraken announced Thursday that it changed its cross-chain provider from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, joining a number of protocols that have made the move following the Kelp DAO exploit in April.Kraken said it is deprecating its…

Africa’s richest man, Aliko Dangote, has revealed how entrenched interests benefiting from Nigeria’s fuel import and subsidy regime tried to frustrate the construction of his $20 billion refinery, describing them as a powerful “mafia” determined to preserve a lucrative subsidy…

US spot Bitcoin exchange-traded funds (ETFs) posted their largest daily outflow since January as Bitcoin struggled to hold the $80,000 level after a sharp rebound from April lows.Bitcoin (BTC) funds recorded $635.2 million in outflows on Wednesday, extending $233.3 million…

Crypto company Gemini reported a 42% year-over-year increase in revenue in Q1 2026 as it continued its growth from a pure crypto exchange to a financial services company.Total revenue for the Winklevoss twins’ company grew 42% year over year to…

President Bola Tinubu on Thursday said Nigeria is on course to attract close to $20 billion in foreign direct investment in 2026 alone. He attributed the figure to his administration’s systematic removal of regulatory bottlenecks, macroeconomic stabilisation, and transparency reforms.…

Crypto data company Dune said it is laying off 25% of its workforce, citing a need to restructure its business to focus on its core products.“We’re restructuring Dune to sharpen our focus around the core data products thousands of customers…

China has reaffirmed Nigeria’s strategic importance in its global economic and development partnerships, describing the country as its largest engineering contracting market in Africa and one of its leading trade and investment partners on the continent. The position was made…

Shares in Bitcoin-focused Strive closed 5.8% higher on Thursday after the company said it will become a “Daily Dividend Company” and revealed it eliminated all debt in the first quarter of 2026. The Vivek Ramaswamy-founded company said the Variable Rate Series…

Heirs Insurance Group has launched what it described as Nigeria’s first multi-language generative artificial intelligence assistant for the insurance industry, as the company intensifies its push for digital transformation and broader financial inclusion. The new AI platform, named Prince AI,…