Thursday, July 2

Business

Ethereum Overtakes L2s Base and Arbitrum on Active Users

Active users on the Ethereum network have overtaken major layer 2s as long-term development strategies begin to pay off.The number of active addresses on Ethereum exceeded 791,000 on Monday, higher than that of the network’s major L2 players, including Base,…

Alert Group targets N130bn loan disbursements

The Alert Group has unveiled plans to disburse N130bn in loans in 2026, as it continues to expand its financial services across Nigeria and support Micro, Small and Medium Enterprises. The announcement was made during a media chat in Lagos…

BitMine Stakes 186K More ETH, Total Reaches 1.5M Worth .13B

Ethereum digital asset treasury (DAT) BitMine has just staked another huge batch of Ether, bringing its total amount staked to over 1.5 million ETH. Tom Lee-chaired BitMine Immersion Technologies (BMNR) added 186,560 ETH (worth around $625 million) to the “Beacon Depositor”…

Zichis Agro-allied Industries plans N1.09bn listing

Zichis Agro-allied Industries Plc has announced plans to list shares valued at N1.09bn on the Nigerian Exchange Limited through a listing by introduction on the Growth Board. The company plans to list 600m ordinary shares of 50 kobo each at…

Nigeria, UAE scrap tariffs on over 13,000 goods

The Federal Government has announced that Nigeria has eliminated tariffs on 6,243 products imported from the United Arab Emirates, and the UAE has removed tariffs on 7,315 products imported from Nigeria, as part of a new trade pact aimed at…

AI and Impersonation Crypto Scams Experience Record Growth in 2025

Scammers and fraudsters increasingly used impersonation scams to steal crypto from unsuspecting users last year, with a 1400% year-over-year spike in cases, according to Chainalysis. Impersonation scams involve fraudsters posing as a trusted person or organization in an effort to trick…

Turkish Airlines renews three-year golf sponsorship deal

Turkish Airlines has signed a new three-year sports partnership agreement, reaffirming its long-standing commitment to elite professional golf and global sports sponsorship. Under the renewed deal, the airline will continue its title sponsorship of the Turkish Airlines Open, one of…

China’s trade surplus hits record .2tn in 2025

Stay informed with free updatesSimply sign up to the Chinese trade myFT Digest — delivered directly to your inbox.China has reported a record full-year trade surplus of $1.2tn for 2025, as exports soared despite US President Donald Trump’s trade war.Exports…

Prediction Market Trading Volumes Soar to Record Highs

Recent US regulatory action seeking to restrict prediction markets hasn’t slowed activity in the first weeks of 2026, with trading volumes hitting a record $701.7 million on Monday.Prediction market Kalshi accounted for two-thirds of total trading volume at $465.9 million, while…

SAHCO seals fresh deals, expands airline portfolio

Skyway Aviation Handling Company Plc has consolidated its position as one of Nigeria’s leading ground handling companies, recording a strong mix of commercial growth, safety achievements and industry recognition in 2025. In a statement made available to The PUNCH by…

October Crash Ended Altseason, Says Wintermute Report

Retail traders spooked by the massive crypto liquidation event in October fled back to major cryptocurrencies as their hopes for an altcoin season were dashed, according to Wintermute.Since around 2022, retail traders have been net sellers of majors such as…

Zichis Agro-allied Industries plans N1.09bn listing

The NGX Pension Broad Index, which tracks pension-compliant equities on the Nigerian Exchange, recorded a return of 59.72 per cent in 2025, outperforming the broader market as measured by the NGX All-Share Index. Data from the Exchange showed that the…

Bitcoin 5% Surge Driven By Spot Buys, 0K On Horizon: Analysts

Bitcoin’s price could be heading for the psychological $100,000 level after breaking above $95,000 on Tuesday, with analysts attributing the recent rally to a surge in spot buying. “Seems like this rally on Bitcoin is led by spot buying,” crypto analyst…

Federal roads spending soars 489% to N3.23tn

The Federal Government has proposed spending N3.23tn on the construction and rehabilitation of federal roads in the 2026 budget, marking a sharp increase in capital allocation to the transport sector as it intensifies efforts to complete long-delayed highways and repair…

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