Wednesday, July 1

Business

Nigerian gov’t unveils new macro-strategy to tackle food insecurity

The federal government has announced the commencement of a multi-dimensional agricultural drive, tagged the “Back to the Farm” initiative, as part of broader efforts to address persistent food insecurity across the country. Vice President Kashim Shettima disclosed this on Thursday…

NNPC boss speaks on Shell’s proposed bn Bonga SW project

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has linked Shell’s latest investment proposal in Nigeria to what he described as an improved investment climate and growing investor confidence in President Bola…

Major US Storm May Prompt Crypto Miners to Adjust Operations

A winter storm threatening to pelt most of the southern US with ice and heavy snow this weekend could see Bitcoin miners curtail their operations until the front has passed.American weather forecasting company AccuWeather reported on Thursday that a “massive…

Crypto Networks Are ‘Borderless, Adoption Is Not’: PwC

Crypto adoption is growing at different rates around the world, with some regions advancing much faster than others, says accounting firm PricewaterhouseCoopers (PwC).“While crypto networks are borderless, adoption is not,” PwC said in its Global Crypto Regulation Report 2026. “Payments,…

DOJ Drops OpenSea NFT Insider Trading Case

The Justice Department will drop its case against Nathaniel Chastain, a former OpenSea manager who successfully appealed a wire fraud and money laundering conviction.US prosecutors will not retry their insider trading case against a former manager at nonfungible token platform…

Recapitalisation signals new era for Nigerian banking

Nigeria’s banking sector is undergoing a defining transformation as the central bank’s recapitalisation drive strengthens resilience, deepens confidence and positions lenders to support sustainable economic growth, JUSTICE OKAMGBA reports The Central Bank of Nigeria, led by its Governor, Olayemi Cardoso,…

Capital One Acquires Brex In .15B Deal

Capital One acquired Brex, potentially gaining stablecoin capabilities just months after the fintech launched support for the tokens.Major US bank Capital One has struck a $5.15 billion deal to buy the fintech Brex and is set to acquire the company’s…

Pinnacle launches fully synthetic lubricant

One of the leading downstream oil and gas companies in Nigeria, Pinnacle Oil and Gas Limited, has launched its flagship fully synthetic lubricant, PIBREUM SN-9000 5W-30, as part of efforts to deepen its presence in Nigeria’s lubricants market and offer…

Ethereum Mainnet Activity Surpasses All Layer-2 Networks

Network activity on the Ethereum mainnet has now surpassed that on layer-2 scaling blockchains as gas fees remain low, though it may not all be organic users.Token Terminal said on Thursday that there has been a “return to mainnet,” with…

Digital payment fraud losses drop 51% to N25.85bn

Nigeria recorded a 51 per cent decline in digital payment fraud losses in 2025, reflecting the impact of improved identity management, enhanced transaction data standards, and stronger collaboration across the financial system, according to the Central Bank of Nigeria. This…

Bitcoiners Reject Quantum Computing Fears Weighing On Price

Bitcoin backers have minimized claims that fears around quantum computing being a threat to the cryptocurrency sooner than expected are dragging on its price. Glassnode lead analyst James Check said in an X post on Thursday that linking Bitcoin’s price…

Falcon Corporation honours pioneer MD on retirement

Falcon Corporation Limited, one of Nigeria’s leading indigenous gas companies, has celebrated the retirement of its co-founder and pioneer managing director, Professor Joseph Ezigbo, marking the end of 31 years of service to the company and the nation’s gas industry.…

Bitcoin Pro Traders Buy Dips, While Also Expecting More Downside

Key takeaways:Bitcoin funding rates sit at 7%, showing bullish traders are still hesitant to increase leveraged positions.The spot Bitcoin ETFs saw $1.58 billion in outflows while gold hit record highs, signaling a shift toward safe assets.Bitcoin (BTC) has been pinned…

Tony Elumelu appointed non-executive director at Seplat Energy

Seplat Energy has appointed Nigerian businessman and investor Tony Elumelu as a non-executive director, following a change in the company’s ownership structure. The company also announced Olivier de Langavant’s resignation from its board, effective 22 January. Mr de Langavant joined…

Advertisement
Demo
© 2026 The Online Guru. All Rights Reserved.