Saturday, October 17

Business

Bitcoin Mining Stocks Plunge As Earnings Fall Short

Shares in crypto mining companies IREN and CleanSpark sank on Thursday as their earnings came in below Wall Street expectations and Bitcoin’s slide saw traders turn risk-off.Bitcoin (BTC) has fallen 12% over the past 24 hours to briefly touch a…

Reps probes NBET over N4.10bn regulatory income

The House of Representatives Committee on Finance, on Thursday, queried the Acting Managing Director of Nigerian Bulk Electricity Trading Plc, Mr Johnson Akinowo, over the utilisation of N4.10bn accrued from regulatory income in the 2025 fiscal year. The committee also…

Kalshi Boosts Surveillance Ahead of Super Bowl

Kalshi says it’s expanding surveillance on its prediction markets platform with an independent advisory committee and partnerships to catch insider trading and market manipulation just days ahead of the Super Bowl.Kalshi said on Thursday that the committee would give a…

Fintech HitchPay surpasses m in cross border payments

Lagos-based fintech startup HitchPay has processed over $2m in transactions in the past four months, underscoring rising demand for streamlined cross-border payments among African businesses and diaspora communities. The platform, which counts more than 20,000 active users, is growing at…

BlackRock’s Bitcoin ETF Hits Daily Volume Record of B

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has reportedly seen an all-time peak daily trading volume as traders responded to Bitcoin’s rapidly crashing price.The iShares Bitcoin Trust ETF (IBIT) “crushed its daily volume record” on Thursday, with $10 billion worth of…

FG reviews agricultural scheme as produce hits N2.31tn

The Federal Government commenced a comprehensive review of the National Agricultural Growth Scheme and Agro Pocket Project after recording 2,536,184 metric tonnes of produce valued at N2,312,746,400,000.00 over four farming seasons. Speaking at the workshop on the implementation framework of…

Tether Makes 0M Equity Investment in Anchorage Digital

Tether has made a $100 million strategic equity investment in Anchorage Digital, formalizing an existing relationship between the stablecoin issuer and the federally regulated US crypto bank.According to a post by Tether on Thursday, the investment builds on the companies’…

FG to strengthen gas-to-power chain for industrial growth

The Federal Government has unveiled fresh measures to strengthen Nigeria’s gas-to-power value chain, describing natural gas as the backbone of electricity supply and a critical enabler of the country’s industrialisation drive. The government disclosed that gas currently fuels more than…

Is It Time For A Bounce?

Bitcoin touched new lows under $64,000 as market selling reached a historic level, and analysts warn that the bottom is not in. Does data support analysts’ sub-$60,000 prediction?Bitcoin (BTC) has fallen 13% over the past four days, sliding to $63,844…

Why NNPC pulled the plug on refineries — Ojulari

Group Chief Executive Officer of the Nigerian National Petroleum Company Limited in April 2025, Bayo Ojulari, during a fireside chat with Arise News anchor Vimbai Mutinhiri-Ekpenyong, delves into NNPC Limited’s shifting strategy in the face of global energy transition dynamics,…

FG approves digitisation of fish import licences

Minister of Marine and Blue Economy, Adegboyega Oyetola, has sanctioned the move to digitise Nigeria’s fish import licences. In a statement on Tuesday, the minister stressed that the move is a landmark policy aimed at enhancing transparency, efficiency and regulatory…

Bitcoin’s Chance Of Returning To K By March Is Slim

Key takeawys:Bitcoin fell below $63,000 as weak US job data and concerns over AI industry investments fueled investor risk aversion.Options markets show a 6% chance of Bitcoin returning to $90,000 by March.Bitcoin (BTC) slid below $63,000 on Thursday, hitting its…

Dantsoho reaffirms FG’s commitment to port investments

The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has reaffirmed the Federal Government’s commitment to promoting increased investor participation in port development while highlighting steps taken to boost the productivity levels of all the nation’s maritime gateways.…

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