Thursday, July 2

Business

Bitcoin, Altcoins Open 2026 With A Bang: Are New Highs Next?

Key points:Bitcoin turned down from its overhead resistance but is expected to find support at the moving averages.Select major altcoins are facing selling near their overhead resistance levels, but the shallow pullback suggests the recovery may continue.Bitcoin (BTC) is under…

FG to launch first National AI Centre of Excellence

The Federal Government has announced plans to launch Nigeria’s first National Artificial Intelligence Centre of Excellence to strengthen local research. The plan for the establishment was announced on Wednesday by the Minister of Communications, Innovation and Digital Economy, Bosun Tijani,…

Bank recapitalisation may increase market concentration –CBN

The Central Bank of Nigeria has cautioned that the ongoing banking sector recapitalisation could increase concentration risk in Nigeria’s capital market, potentially crowding out non-bank issuers, despite the current bullish momentum in equities. The warning is contained in the Macroeconomic…

Trust Wallet Hack Highlights Security Gaps Facing Crypto-Friendly SMEs

Key takeawaysThe December 2025 Trust Wallet hack shows that vulnerabilities in crypto tools can affect crypto-friendly SMEs, even when attacks target individual users rather than businesses.Supply-chain risks, such as compromised browser extensions or stolen API keys, can bypass traditional security…

Lagos named Africa’s most start-up-friendly city in global index

Lagos State has been named Africa’s most start-up-friendly city in a new global ranking by Multipolitan, underscoring the city’s growing influence as the continent’s leading hub for venture-backed innovation. The ranking was released in Multipolitan’s Startup Friendly Cities Index 2026,…

UBA closes rights issue, raises N157.84bn

United Bank for Africa has successfully closed its rights issue, raising N157.84bn after the exercise was fully subscribed, the bank announced on Wednesday. The rights issue offered 3,156,869,665 ordinary shares at N50 per share, on the basis of one new…

Rumble and Tether Release Rumble Wallet for In-App Crypto Tips

Stablecoin company Tether and video platform Rumble released a non-custodial crypto wallet on Wednesday, allowing users to tip Rumble content creators in digital currencies.The wallet will initially support Tether’s dollar-pegged stablecoin, USDt (USDT), Tether Gold (XAUt), a tokenized commodity product,…

Mouka celebrates 71 new year babies nationwide

Mouka, the country’s leading manufacturer of mattresses, pillows and bedding products, marked the start of 2026 with its annual tradition of celebrating babies born on New Year’s Day across the nation. At midnight on 1 January, Mouka celebrated families welcoming…

All-Republican SEC ‘Unusual’ With Pro-Crypto Agenda Likely

Caroline Crenshaw has left the US Securities and Exchange Commission (SEC), leaving the agency solely comprising Republicans. As a result, nothing stands in the way of pro-crypto rulemaking.Republicans in Washington have generally been friendlier toward the crypto industry than their…

Livestock prices skyrocket in Enugu market

The prices of livestock in Artisan Market, Enugu State, have skyrocketed, the News Agency of Nigeria (NAN) reports. According to a market survey conducted by a NAN correspondent on Wednesday, traders attributed the price increase to high demand resulting from…

NGX gains N468bn as New Year rally persists

The Nigerian Exchange extended its positive momentum in the new trading year on Tuesday, as sustained buying interest across key stocks lifted total market capitalisation by about N468bn, reinforcing investor optimism and consolidating the market’s position above the N100tn milestone.…

ASHA MfB empowers customers, children in S’West

ASHA Microfinance Bank has concluded a three-day bursary and client empowerment programme across Lagos, Ogun, and Oyo States aimed at strengthening financial inclusion and sustainable community development. In a statement on Wednesday, the MfB said the initiative was part of…

Aptech unveils programme to train AI talent

Aptech Computer Education Nigeria has launched a new all-in-one artificial intelligence career programme aimed at equipping Nigerian learners with job-ready technology skills, structured internship opportunities and clear pathways to international degrees. The programme, known as ADSE AI, combines AI-powered training,…

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