Business
Japanese investment company Metaplanet acquired 2,823 Bitcoin during the second quarter at a price below its average purchase price, as its holdings surpassed 43,000 BTC.The company acquired its latest trove at an average price of…
New York Representative Ritchie Torres, with the backing of more than 30 other Democrats in the House of Representatives, has introduced legislation following a Polymarket user netting $400,000 on a bet related to the removal of then-Venezuelan President Nicolás Maduro. In…
Crypto remains a key technology for maintaining America’s technological edge, according to a16z, which has raised another $15 billion to back American-aligned tech investments.Tech-focused venture capital firm Andreessen “a16z” Horowitz said it raised over $15 billion to invest in companies…
Champion Breweries Plc has unveiled a N42bn Public Offer of ordinary shares, opening a new phase in the company’s capital-raising programme aimed at funding expansion and the acquisition of the Bullet brand portfolio across Africa. The offer, which opened on…
For years, major banks treated cryptocurrency primarily as a risk to be contained. That posture is now giving way to a more deliberate form of engagement. Rather than debating crypto’s legitimacy, banks are increasingly deciding how and where to integrate…
Nigerian banks and telecoms say they have returned more than N10bn to customers for failed airtime and data purchases, according to the Nigerian Communications Commission. However, bank customers are sceptical, questioning both the proof of the refunds and the methodology…
Democratic leaders on key committees considering crypto market structure legislation are reportedly drawing a line in the sand over elected officials profiting off the industry.A number of Democratic lawmakers in the US Senate are reportedly pushing for conflict-of-interest guardrails in…
The Chairman of Dangote Industries Limited, Aliko Dangote, has said the Economic and Financial Crimes Commission is best placed to investigate alleged corruption involving the former Chief Executive of the Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, to accelerate…
An industry leader said stablecoin-powered cards are shaping up to be one of the biggest crypto themes of 2026, which seek to provide the benefits of blockchain while keeping the payment experience familiar for consumers.“This is one of the big…
The Federal Government has proposed to spend N6.04bn on personnel costs for workers of the Ajaokuta Steel Company Limited in the 2026 budget, even though the steel plant has not produced a single sheet of steel for more than four…
Colombia’s tax authority, DIAN, has introduced a mandatory reporting regime for crypto service providers, requiring exchanges and intermediaries to collect and submit user and transaction data as part of its oversight of the digital asset sector.The rules were set out…
A Federal High Court in Lagos has dismissed a N1bn lawsuit filed against MTN Nigeria Communications Plc by Walls and Gates Ltd and its Managing Director, Okechukwu Udeichi, over alleged copyright infringement, breach of confidentiality, and trademark violations arising from…
Bitcoin traders’ risk sentiment turned bullish, with the proof being in this week’s futures-led advance to $95,000. Will bulls make another attempt after retesting a key underlying support level?The start of 2026 saw Bitcoin and select altcoins rally back toward…
Oil prices rebounded, rising about two per cent on Thursday after two days of declines as investors assessed developments in Venezuela and worried about supplies from Russia, Iraq, and Iran. According to Reuters, Brent futures rose $1.21, or 2 per…
The Nasdaq Stock Exchange and the Chicago Mercantile Exchange (CME) Group joined forces to unify their crypto indexes, rebranding the Nasdaq Crypto Index (NCI) as the Nasdaq-CME Crypto Index.The NCI benchmark index includes Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana…
The Nigerian Civil Aviation Authority has signalled plans to introduce tougher sanctions against domestic airlines over repeated flight delays and poor passenger handling, warning that recurrent inefficiencies will no longer be tolerated in the sector. This was announced on Thursday…
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