Friday, July 3

Business

Dangote, MEMAN shine at petroleum awards

Africa’s richest man and President of Dangote Group, Aliko Dangote, petroleum marketer Gabriel Ogbechie, and the Major Energies Marketers Association of Nigeria have emerged as leading winners at the maiden Petroleum Prize, Recognition and Awards 2025, organised by digital oil…

Adam Back Slams Bitcoiner VC Over ‘Uniformed’ Quantum Risk

Blockstream CEO Adam Back has criticized Castle Island Ventures founding partner Nic Carter for amplifying concerns about quantum computing threats to Bitcoin.“You make uninformed noise and try to move the market or something. You’re not helping,” Back said in an…

All On impact report shows energy gains nationwide

All On has released its Impact Evaluation Report 2025, highlighting how its interventions have reshaped Nigeria’s energy landscape and improved the lives of more than one million people across the country. The report chronicles All On’s journey since entering the…

DraftKings Enters Prediction Markets, Eyes Crypto Contracts

DraftKings is expanding beyond sports betting into the realm of prediction markets, laying the groundwork for future crypto-linked contracts as regulated event trading gains momentum in the United States.As Bloomberg reported, the company announced on Friday that it has launched…

FG secured .08bn foreign loans in 2024 – Budget Officey

The Federal Government secured a total of $1.08bn in foreign loans in 2024, largely from multilateral, bilateral, and commercial sources, as it sought to finance budget deficits and priority development projects amid weak revenue performance and rising debt service pressures.…

Arthur Hayes Says There Is “Always An Altcoin Season”

While many crypto traders are still waiting for the next altcoin season to begin, BitMEX co-founder Arthur Hayes said it’s been underway all along.“There is always an altcoin season happening… and [if you’re] always saying altcoin season isn’t there, [it’s]…

FCMB Group set for N400bn capital raise

The shareholders of FCMB Group Plc have approved the plan to increase the company’s fresh capital raise of up to N400bn. The approval was given during an Extraordinary General Meeting recently. Saturday PUNCH reports that FCMB Group, in its third-quarter…

Bitcoin Failure At K Driven By Reduced Fed Rate Cut Odds

Key takeaways:Strong demand for US Treasurys and lower odds of a Fed rate cut indicate that investors are shifting toward safer assets, reducing interest in Bitcoin.Economic weakness in Japan and softer US job data add pressure to Bitcoin, limiting its…

Economists flag revenue, debt risks in 2026

Nigeria is heading toward a difficult 2026 as widening revenue shortfalls, rising public debt, new taxes and delayed capital spending threaten to deepen economic strain, economists have said, following confirmation by Finance Minister Wale Edun that government revenues are far…

CBN pockets N192m from 82 BDC licensees

The Central Bank of Nigeria may have earned at least N192m in non-refundable fees from the 82 Bureau De Change operators who have just secured final licences under the revised regulatory framework, according to an analysis by Saturday PUNCH. The…

Oando organises seminar for law students

Oando Plc has convened law students from six Nigerian universities for its 2025 Legal Seminar, a 14-year initiative it described as one of its most consistent capacity-building platforms for emerging legal talent. In a statement on Friday, Oando said the…

Pro-Crypto Senator Lummis Won’t Seek Reelection in 2026

Wyoming Senator Cynthia Lummis, one of the most outspoken advocates for digital assets in the current session of the US Congress, will leave office in 2027.In a Friday X post, Lummis announced that she would not seek reelection to the…

Global oversupply leaves Nigerian crude unsold

Nigerian crude oil sellers are struggling to find buyers on the global market, even as the Dangote Petroleum Refinery recently cried out over the low supply of the feedstock locally. According to a Reuters report on Thursday, West African crude…

© 2026 The Online Guru. All Rights Reserved.