Friday, July 3

Business

Chappal Energies secures 0m reserve lending facilities

Chappal Energies, through its subsidiary Chappal Investments Limited, has completed a $340m Senior Secured Reserve Based Lending facility and a $90m Junior Secured RBL facility. The company, in a statement on Monday signed by its Chief of Corporate Services and…

How Bhutan Is Using Hydropower to Build a Green Bitcoin Economy

Key takeawaysBhutan is using surplus, carbon-free hydropower to mine Bitcoin, converting excess electricity into a liquid digital export rather than curtailing generation.Mining and custody are handled by the sovereign investment arm, Druk Holding and Investments (DHI), and confined to designated…

JEX appoints new MD/CEO

JEX Markets Limited, Nigeria’s energy commodities exchange and market infrastructure company, has appointed Blessing Ayemhere as Managing Director/Chief Executive Officer, subject to the approval of the Securities and Exchange Commission. Ayemhere, who is expected to formally assume office on 3…

Peak Milk activates bars, cities for AFCON matches

Peak Milk, a leading dairy brand and the official milk of the Super Eagles, has announced a series of premium watch parties and bar activations across major cities for the Africa Cup of Nations. The company said the initiative is…

How Wall Street Is Using Ethereum as Financial Infrastructure

Key takeawaysWall Street’s adoption of Ethereum is closely tied to its ability to automate settlement through smart contracts, reducing reliance on slow, manual reconciliation processes.Stablecoins and tokenized dollars now serve as a primary entry point for banks, allowing regulated US…

Govt, firm partner to deploy AI tools for filmmakers

The Federal Government, through the Nigerian Film Corporation, has signed a memorandum of understanding with PlotWeaver, an artificial intelligence-powered storytelling platform, to deploy AI-driven tools aimed at transforming the cinema industry. In a statement, the corporation said the partnership was…

Here is Why Analysts say the Altseason is Not Coming Back

Most altcoins are currently displaying bearish patterns that suggest “altcoin season” is not coming, according to numerous analysts, as Bitcoin dominance begins to rise again. Key takeaways:The Supertrend indicator flashes “sell,” which previously led to a 66% drop in the altcoin…

Firm supports students with laptops for digital learning

In fulfillment of its corporate social responsibility, Branch NG, one of Nigeria’s leading digital financial services companies, has donated laptops, personal healthcare items, and educational materials to students of Sceptre Comprehensive College, Alapere, Lagos. Speaking on the initiative, the Managing…

Insecurity, ‘ponmo’ demand drive N173bn leather trade deficit

Nigeria experienced a leather trade deficit of N173bn in the first six months of 2025, despite having a significant livestock population. Stakeholders suggest that factors such as insecurity and the prevalent consumption of ponmo (cooked cow skin) have contributed to…

Hageman Video Fuels Senate Chatter as Lummis Leaves Wyoming Seat Open

Wyoming Representative Harriet Hageman fueled speculation about a 2026 Senate run after posting a cryptic video days after Senator Cynthia Lummis announced she will not seek reelection. ​The five-second clip shows the congresswoman alongside a single-word caption: “Soon.” It breaks…

REA pushes higher mini-grid cap for private investment

The Managing Director of the Rural Electrification Agency, Abba Aliyu, has identified restrictive regulations and financing constraints as major challenges slowing efforts to electrify rural communities, saying the agency is pushing for legal adjustments to unlock large-scale private investment. Aliyu,…

Ether ETFs Reverse Outflows as XRP Extends Inflow Streak

Spot Ether exchange-traded funds (ETFs) in the US recorded $84.6 million in net inflows on Monday, breaking a seven-day outflow streak in one of the biggest single-day reversals this month. The shift came after over $700 million exited spot Ether (ETH)…

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