Saturday, January 31

Business

SagaEVM Chainlet Halted Following M Exploit

Layer-1 blockchain protocol Saga has paused its SagaEVM chainlet after it suffered a $7 million exploit that saw unauthorized funds bridged out and converted into Ether.The Saga team announced in an X post on Wednesday that it had paused the…

Nigeria exports surge as regional manufacturing gains traction

A sharp rise in intra-African trade is beginning to redefine West Africa’s industrial prospects, as fresh data and policy initiatives point to deeper regional integration and expanding manufacturing activity. Figures from the Nigeria Customs Service indicate that Nigeria’s exports to…

Thailand SEC Prepares Crypto ETF, Futures Trading Rules

Thailand’s Securities and Exchange Commission is preparing new regulations to support crypto exchange-traded funds (ETFs), crypto futures trading and tokenized investment products.SEC deputy secretary-general Jomkwan Kongsakul said the regulator plans to issue formal guidelines supporting the establishment of crypto ETFs…

Kaduna Customs  post N14.6bn Q4 revenue

The Nigeria Customs Service, Kaduna Area Command, said it collected a total of N14.6bn as revenue in the last quarter of 2025. In a recent statement, the Public Relations Officer of the command, Dauda Adamu, explained that the figure increased…

Columbia Professor Criticizes NYSE’s Tokenization Plan

A Columbia Business School professor is raising concerns about the scant details in the New York Stock Exchange’s plan to build a blockchain for real-world asset tokenization, amid fears it could run against the ethos of crypto. In an X…

CPPE warns sugar tax may harm local industry

The Centre for the Promotion of Private Enterprise has urged the government and policymakers to prioritise health interventions over imposing additional taxes on sugar-sweetened beverages. It warned that a sugar tax would undermine Nigeria’s manufacturing and employment base. In a…

Davos: Nigeria can capture global supply chains, says Okonjo-Iweala

The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has said Nigeria must deliberately target global investors and supply chain relocations to drive job creation, deepen manufacturing, and reduce import dependence. She made the remarks on Wednesday in a…

Crypto Market Will Soar to T by 2030 Says ARKInvest

ARK Invest’s latest analysis affirms it still sees Bitcoin reaching close to a $1 million price tag in 2030 on growing adoption.Cathie Wood’s ARK Invest predicts digital assets could grow into a $28 trillion market by 2030, with growth primarily…

Nigerians spent N1.58tn on petrol during Yuletide — Report

Nigerians spent an estimated N1.58tn on petrol in December 2025, based on official fuel consumption data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. According to the NMDPRA December fact sheet, average daily petrol consumption stood at 63.7…

Investors watch yields as CBN sells N1.15tn bills

The Central Bank of Nigeria was expected to conduct its second Treasury bills auction for January 2026 on Wednesday, offering instruments worth N1.15tn, as strong liquidity in the banking system collides with rising borrowing needs and cautious interest rate expectations.…

ETH Flashes Negative Funding Rate But Is Sub K ETH Discounted?

Key takeaway:ETH faces selling pressure as $480 million in liquidations and falling network fees impact investor confidence.ETH’s negative funding rate may play a role in a potential rebound rally. Ether (ETH) price faced a three-day 13.8% correction, retesting the $2,900…

Parallex Bank sponsors future Africa Leaders Awards

Parallex Bank Plc has reaffirmed its commitment to nurturing African youth talent as it sponsored the 2025 edition of the Future Africa Leaders Awards, which recognises young Africans driving exceptional impact across their communities. In a statement on Monday, the…

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