President Bola Tinubu has congratulated the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on his appointment to the Royal Victorian Order by King Charles III. The congratulatory message was contained in a statement issued on Tuesday…

Savannah Energy has stated that the Federal Government’s recent N590bn bond issuance to settle part of the outstanding electricity market debts has revived hopes of improved payments to gas suppliers operating in Nigeria’s power sector. The British independent energy company…

Bitcoin (BTC) dropped below $90,000 on Saturday as crypto markets reacted to the US military action in Venezuela.Key points:Bitcoin attempts to hold recent gains as the US mounts an attack on Venezuela’s capital, Caracas.Traders remain optimistic about the outlook for…

Nigeria recorded an overall balance of payments (BOP) surplus of $4.60 billion in the third quarter of 2025, reversing a deficit in the previous quarter, data released by the Central Bank of Nigeria (CBN) shows. The data were contained in…

The construction sector generated N13.83tn in nominal terms to Nigeria’s Gross Domestic Product in the first nine months of 2025, recording a real growth rate of 5.57 per cent, higher than the country’s aggregate GDP growth of 3.98 per cent.…

US-based spot Bitcoin and Ether ETFs began 2026 on a strong note, posting a combined net inflow of around $646 million on the first trading day, despite mixed sentiment across the broader crypto market.On Friday, spot Bitcoin (BTC) ETFs saw…

Heirs Energies, Africa’s leading indigenous integrated energy company, has acquired the entire 20.07 per cent equity stake (120.4 million ordinary shares) previously held by Maurel & Prom S.A. in Seplat Energy Plc (Seplat Energy) at a price of GBP3.05 pence…

The shareholders of International Energy Insurance Plc have approved the management of the company to raise about N17.5bn in additional funds as part of its recapitalisation drive. The approval was given at the Extraordinary General Meeting of the company, which…

Crypto phishing attacks tied to wallet drainers dropped sharply in 2025, with total losses falling to $83.85 million, down 83% year over year from nearly $494 million in 2024.The number of victims also declined significantly to 106,000, a 68% drop…

Nigeria entered the year with inflation easing but interest rates still at crisis levels, forcing the CBN to balance early signs of price relief against the risk of losing hard-won credibility. The CBN in 2024 had fought inflation with one…

Nigerian Exchange Limited has announced the results of its full-year review of major market indices, a move aimed at improving market tracking, liquidity, and portfolio management for investors. The review, which took effect at the opening of trading on Friday,…

Key takeaways:Bitcoin rose above $90,000, yet options data show traders are not comfortable with downside risk exposure.Bitcoin spot ETF outflows and low leverage demand suggest investors remain cautious about near-term gains.Economic uncertainty caps Bitcoin price reboundBitcoin (BTC) jumped above $90,000…

Nigerian stocks posted their best outing in nearly two decades this year as the main equity index showed a yield of 51.2 per cent at market close in Lagos on Wednesday. Never since 2007, when equities returned 74.7 per cent,…

Developing countries, including Nigeria, are facing a historic debt squeeze, with total external liabilities reaching $8.9tn in 2024, according to the World Bank’s latest 2025 International Debt Report. Between 2022 and 2024, these nations paid $741bn more in principal and…

The Hut 8 Bitcoin (BTC) mining company expanded its credit facility with crypto exchange company Coinbase to $200 million, building on momentum from 2025 and strong stock performance, setting it apart among players in the struggling mining industry.Hut 8 will…