The Nigerian equity market reversed its bullish trend on Thursday, losing ₦557 billion after two days of modest gains during the week. Market analysts said selloffs in key stocks “pushed the market into negative territory” despite earlier optimism. Stocks under…

Nigeria and Canada are set to deepen collaboration on energy sustainability as organisers announced plans for two major events aimed at promoting excellence in sustainable development across Africa. The Chief Executive Officer of Toronto-based IMPATEZ Management firm, Olalekan Ajibade, in…

Circle CEO Jeremy Allaire said the company views its dollar-pegged stablecoin as neutral financial infrastructure with network effects, rather than a product meant to compete with existing payment companies.Speaking on CNBC’s Squawk Box during the World Economic Forum at Davos, Switzerland, Allaire said Circle does not view…

Guaranty Trust Holding Company (GTCO) said it has allotted 125 million ordinary shares worth N10 billion in respect of the private placement held by the financial services group in December 2025. The banking group received a single application for the…

Socio-economic activities in Kano have been severely disrupted following an indefinite strike by the Senior Staff Association of Electricity and Allied Companies and the National Union of Electricity Employees at the Kano Electricity Distribution Company. The industrial action is over…

Bitwise Asset Management has launched a new exchange-traded fund (ETF) designed to hedge against currency debasement, underscoring how digital assets are increasingly being incorporated into broader macro investment strategies following the success of spot Bitcoin ETFs.On Thursday, Bitwise unveiled the…

Heirs Insurance Group has called for applications for the maiden edition of its Heirs Insurance Hackathon, which will see nine university undergraduates vie for the innovation prize worth N9m. In a statement on Monday, it was revealed that the hackathon…

Automotive technology supplier Valeo and Natix Network, a Solana-based decentralized physical infrastructure network (DePIN) provider, have partnered to build an open-source, artificial intelligence (AI) multi-camera model aimed at improving autonomous driving systems.The two companies said Thursday they are building what…

The Federal Government has disclosed that Nigeria’s national Liquefied Petroleum Gas (cooking gas) consumption reached 52,800 metric tonnes in 2025, with domestic marketers supplying 45,800 metric tonnes, while imports accounted for just 7,100 metric tonnes. Data from the Nigerian Midstream…

Onchain asset manager Maple is extending its yield-bearing US dollar token, syrupUSDC, to Coinbase’s Base network, plugging institutional credit directly into a fast‑growing Ethereum layer-2 ecosystem. According to a Thursday release shared with Cointelegraph, the launch will provide the company…

The Plant Director of Dangote Cement Plc, Obajana, Azad Nawabuddin, has been commended by host communities for his outstanding commitment to community development and corporate responsibility. A statement from the firm on Wednesday stated that community leaders and stakeholders praised…

Financial technology and tokenization company Superstate has raised $82.5 million in a Series B round as it pushes deeper into onchain capital markets, aiming to modernize the way companies raise money and go public using blockchain. The round was led…

The shutdown of refineries across Europe and North America has tightened global fuel markets and handed Nigeria’s Dangote refinery greater leverage in shaping refined product balances, according to energy intelligence firm Kpler. In a report, Kpler said the scale of…

The world breathed a small, collective sigh of relief on Wednesday when US President Donald Trump said he would not use force to take over Greenland during a rambling, hour-long speech to a crowd of world leaders in Davos.Trump argued…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has said Nigeria will begin exporting urea in 2028 as the country positions itself as a major hub for value-added oil and gas products. The authority also disclosed that Nigeria would soon…