Friday, January 30

Business

Kogi Govt, telecom firms partner to protect infrastructure

The Kogi State Government has taken decisive steps to address recurring disputes with telecommunication companies over the laying of fibre-optic cables and the protection of telecom infrastructure across the state. To resolve the issues and prevent future confrontations, the State…

Messari Calls DePIN a B Sector with Resilient Revenues

Decentralized physical infrastructure networks (DePINs) have been written off as dead by many investors, but a new “State of DePIN 2025” report from Messari and Escape Velocity argues the sector has steadily grown into a $10 billion market generating $72…

Lagos airport temporary terminal nears completion — FAAN

The Federal Airports Authority of Nigeria (FAAN) says the temporary terminal at the Murtala Muhammed International Airport (MMIA) in Lagos State, is nearing completion as part of efforts to sustain international flight operations during the planned rehabilitation of the ageing…

PenCom pays N8.70bn arrears to 2,116 NSITF retirees

The National Pension Commission has approved an upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund, increasing their total monthly pension payments from N12.56m to N159.95m. In a statement on Wednesday, PenCom said that the…

Citrea Bitcoin Rollup Launches Mainnet, ctUSD Stablecoin

Founders Fund and Galaxy Ventures-backed Bitcoin zero-knowledge rollup (ZK-rollup) Citrea launched its mainnet on Tuesday with BTC collateral lending, BTC-structured products and a new US dollar stablecoin, ctUSD. The launch is aimed at turning what Citrea calls “economically idle” Bitcoin (BTC)…

NCC reports improved telecom network quality in Q4

The Nigerian Communications Commission on Wednesday said its Q4 2025 industry performance data shows measurable improvements in network quality and service delivery across the country, as the regulator deepened efforts to promote transparency and accountability in the telecommunications sector. At…

South-West states propose N8.7tn combined 2026 budget

The Development Agenda for Western Nigeria Commission has disclosed that South-West states have proposed a combined budget of about N8.7tn for 2026, with capital expenditure accounting for more than half of total spending. This was disclosed on Tuesday at the…

Analysts Say This Must Happen for Bitcoin to Take Out K Resistance

Bitcoin’s (BTC) pre-FOMC rally on Wednesday stalled at $90,000 amid stiff overhead resistance and weak ETF demand. Still, several data points suggested that upward momentum may increase once the BTC/USD pair breaks above $93,000.Key takeaways:BTC bulls must flip the $90,000-$93,000…

Tinubu urged to rescue NCX  from imminent collapse

Workers of the Nigeria Commodity Exchange have urged President Bola Ahmed Tinubu to urgently intervene and rescue the Exchange from imminent collapse, warning that the institution has been pushed to the brink by funding withdrawal, governance lapses and unresolved staff…

Metaplanet Greenlights 7M Overseas Capital Raise

Tokyo-listed Bitcoin-focused company Metaplanet approved an overseas capital raise of up to $137 million, combining new common shares and stock acquisition rights as it looks to expand its Bitcoin holdings and reduce debt. In a Thursday filing, Metaplanet said it plans…

FG approves two satellites to boost digital economy

The Federal Government has approved the purchase of two new communication satellites to boost Nigeria’s digital infrastructure and support President Bola Tinubu’s plan to grow the economy to $1tn. The Minister of Communications and Digital Economy, Mr Bosun Tijani, disclosed…

Bybit Launches Retail Bank Accounts With Personal IBANs

Bybit, one of the world’s biggest crypto exchanges by trading volume, plans to launch retail banking services on its platform starting in February, the company said Thursday.Bybit unveiled the product, “My Bank powered by Bybit,” during a live online keynote…

New tax law boosts disposable income of workers– Oyedele

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, says the new Nigeria Tax Act 2025, which restructured the Pay-As-You-Earn tax for employees, boosted the disposable income of middle- to low-income earners in the country. Oyedele…

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