Saturday, October 17

Business

NNPC completes critical OB3 River Niger pipeline crossing

The Nigerian National Petroleum Company Limited has completed the long-anticipated River Niger crossing of the Obiafu-Obrikom-Oben gas pipeline, unlocking a critical segment of the country’s gas transmission network and paving the way for increased supply to power plants and industries.…

Crypto VC Funding Plunges to 9M in April, Hits 2024 Lows

Crypto venture capitalist (VC) funding plunged to a near two-year low in April as investors pulled back from crypto start-ups and early-stage companies.Crypto VC funding fell to $659 million across 63 funding rounds in April, down 74% from the $2.6…

Access Holdings logs record N743 billion annual profit

Nigeria’s biggest banking institution Access Holdings on Friday posted N743 billion in net profit for last year, its peak level ever. Revenue jumped to a record, as a much stronger fair value and FX gain boosted performance, 16 per cent…

Egbin shutdown, grid fault paralyse Lagos power supply

A prolonged blackout may be imminent in Lagos State following a sudden shutdown of the Egbin Power Station and a simultaneous transmission line outage, the Nigerian Independent System Operator has said. The system operator disclosed in a statement on Thursday…

AI Mining Pivot, ETH Bets, Stablecoin Pause

Historically, crypto markets have been driven by a dominant narrative. Not today. In one corner, miners are trying to break free of four-year cycles. IREN is being recast as an AI infrastructure company, with analysts pointing to data centers and compute…

Eterna posts strong Q1 results as profit hits N1.38bn

Eterna Plc has reported a strong start to 2026, posting first-quarter results that highlight resilience and strategic focus in Nigeria’s competitive downstream oil and gas sector. In its unaudited results for the period ended March 31, 2026, the company recorded…

May Day: Aviation workers demand living wage

The National President of the Air Transport Services Senior Staff Association of Nigeria, Ogbe John, on Friday, said aviation workers in Nigeria are facing worsening economic and operational conditions as the country marked this year’s Workers’ Day. Addressing workers during…

DeFi’s Lose-Lose Problem on Freezing Stolen Funds

Decentralized finance (DeFi) protocols are stepping in to freeze stolen funds while centralized issuers face criticism for holding back.A recent intervention on Arbitrum saw attacker-linked assets frozen after a major exploit, while some stablecoin issuers, including Circle, have faced public…

TON Pay Turns Telegram Mini Apps into Crypto Checkout Layer

The Open Network Foundation has launched TON Pay, a new payments software development kit (SDK) designed to make cryptocurrencies usable for everyday consumer transactions within the Telegram ecosystem. In a Monday release shared with Cointelegraph, the product is positioned as a…

Seven dead, 70 injured in Kano accident

The Federal Road Safety Corps (FRSC) has confirmed the death of seven persons and 70 others injured, while 28 were unhurt in a lone accident that occurred in Kano. The Sector Commander, Idris Muhammed-Lawal, disclosed this in a statement signed…

South Korea Prepares Crypto Market Probes Under 2026 Policy Plan

South Korea’s Financial Supervisory Service (FSS) said it will step up scrutiny of suspected cryptocurrency price manipulation in 2026, outlining a slate of planned investigations that target high-risk trading tactics, including “whale” activity and schemes that exploit disruptions at local…

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