Thursday, July 2

Business

A16z raises B Says Crypto is Crucial to Preserve US Dominance

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 unveils N42bn public offer

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…

Wall Street Moves Onchain as Banks Embrace Digital Assets

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…

Scepticism trails N10bn airtime, data refund claims

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…

US Lawmakers Demand Ethics Safeguards for Market Structure Bill: Report

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…

Dangote asks EFCC to probe former NMDPRA boss

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…

Stablecoin Card Adoption Will Take Off in 2026 Says Dragonfly

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…

FG budgets N6.04bn payroll for idle Ajaokuta steel

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 Introduces Mandatory Crypto Reporting Rules for Exchanges

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…

Court dismisses N1bn suit against MTN, awards N3m costs

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 Bulls Rest, Prepping For Rally To 1.5K

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 rebound as market focuses on Venezuela

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…

Nasdaq and CME Team Up To Issue the Nasdaq-CME Crypto Index

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…

NCAA threatens tougher sanctions over flight delays

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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