Thursday, July 2

Business

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…

Ethereum Adoption Grows as New Wallets Surge

A combination of protocol-level upgrades, stablecoin activity, and a shift in crypto sentiment has helped push Ether wallet creation to its highest levels in history. Over the last week, an average of 327,000 new wallets have been created per day, with…

Barq, Elroy Air partner on 0m aircraft plant

Barq Group and US-based Elroy Air have signed an initial agreement to form a joint venture that will invest $200m in a new manufacturing facility in Abu Dhabi to produce the Chaparral autonomous cargo aircraft. The partnership combines Barq Group,…

Bitchat Most-Downloaded on Apple App Store in Uganda

Bitchat has become the most-downloaded app in Uganda as state officials confirmed that internet access has been cut off and will remain inaccessible during the presidential election, which starts on Thursday.It marks the third straight election in which Ugandan authorities…

Aviation ministry allocates N7.46bn to boost flight safety

The Federal Ministry of Aviation and Aerospace Development has allocated N7.46bn for technology upgrades, staff training, safety initiatives, and operational reforms in 2026. According to the 2026 Appropriation Bill, the funding will drive automation of ministry operations, library services, registry…

Strive Shares Fall 12% After Semler Deal To Expand Bitcoin Treasury

Strive’s stock fell about 12% on Tuesday after the asset manager announced an all-stock deal to acquire Semler Scientific, a transaction that will significantly expand its Bitcoin holdings.The company, co-founded by Vivek Ramaswamy, said on Tuesday that it has secured…

Crypto-Friendly Bank to Go Public as Texas Company via SPAC

The “digital-first“ bank created in 2022 is set to go public on the Nasdaq, subject to shareholder and regulatory approvals.Old Glory Bank, a crypto-friendly lender, said it will merge with Digital Asset Acquisition Corporation to form a Texas-based company listed…

SOL Eyes 0 as Key Trend Flips Bullish

Steady ETF inflows, a bullish cup and handle chart pattern and improving sentiment across the total crypto market could propel Solana price to $190.Solana (SOL) is getting more attention from traders now that its price structure is tightening beneath a…

Equities market posts N1.7 trillion gain

The equities market recorded a historic gain of N1.662 trillion on Tuesday at the close of trading, reflecting sustained bullish sentiment among investors. This marked the 22nd consecutive bullish session, underscoring renewed investor confidence driven by increased demand for blue-chip…

Why Bitcoin’s Four-Year Cycle Faltered — and What Comes Next

2025 proved disappointing for many cryptocurrency investors, as Bitcoin’s traditional four-year cycle delivered a more muted rally that failed to spill over into the broader altcoin market. According to crypto market maker Wintermute, the shift reflects a structural change rather…

Polygon Strikes 0M Coinme, Sequence Deal To Expand US Payments

Polygon Labs has agreed to acquire US-based crypto payments company Coinme and wallet infrastructure provider Sequence in deals valued at more than $250 million, Fortune reported on Monday. The acquisitions give the Ethereum scaling blockchain access to Coinme’s network of…

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