Champion Breweries has opened its N15.91bn rights issue to qualified shareholders. In a statement filed with the Nigerian Exchange Limited on Tuesday, signed by its Company Secretary, Tosan Aiboni, it was indicated that the offer includes 994,221,766 ordinary shares of…

Bitcoin (BTC) rallied to $91,950 on Nov. 26 as data shows the market sitting at a key inflection point. Data from Capriole Investments placed Bitcoin’s production cost near $83,873, while the electrical cost, the baseline energy input for mining, sits…

As Africa races toward the World Bank’s Mission 300 goal of connecting 300 million people to electricity by 2030, Nigerian renewable-energy firm RenCom is quietly redefining what sustainable electrification means — one community at a time. In this interview with…

The Nasdaq International Securities Exchange has filed a proposal with the US Securities and Exchange Commission (SEC) to increase the position limits for options on BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund to 1 million.  Position limits exist to prevent any…

Africa Finance Corporation and Nigerian Exchange Limited have partnered to strengthen the technical capabilities of stakeholders in structuring and financing infrastructure projects through Nigeria’s capital markets. According to a statement from the partners on Monday, the duo recently concluded a…

Crypto market maker and Web3 investment firm DWF Labs says it is investing up to $75 million in decentralized finance projects that could support institutional adoption. The firm shared its announcement via X on Wednesday, saying the fund will support projects…

Oikus’ latest report shows that more than 60 per cent of property listings in Nigeria contain inaccurate information, a trend undermining investor confidence and distorting housing decisions. In this interview with JOSEPHINE OGUNDEJI, Oikus Chief Executive Officer, Israel Ihaza explains…

BitMine chair Tom Lee has seemingly eased off his widely promoted $250,000 year-end Bitcoin forecast, now only giving it a “maybe” that Bitcoin can reclaim its October all-time high of $125,100 before the end of the year.“I think it’s still…

Systemic operational and infrastructure inefficiencies are costing Ibom Air more than N32bn annually, according to the airline’s Acting Chief Executive Officer, George Uriesi. The airline chief spoke at the FAAN National Aviation Conference recently held in Lagos. Uriesi revealed that Nigerian…

Tokenized money market funds are emerging as one of the most important yield-bearing assets on public blockchains, offering money-market returns and securities-level protections that stablecoins can’t provide, according to a new report from the Bank for International Settlements (BIS).According to…

United Nigeria Airlines has announced the commencement of direct flight operations from both Murtala Muhammed International Airport Terminal 2, Lagos, and Nnamdi Azikiwe International Airport, Abuja, to the General Tunde Idiagbon International Airport, Ilorin. The airline made this known through a…

Blockchain analytics provider Glassnode reported a “strong negative correlation” between Bitcoin’s and USDt’s activity over the last two years.In a Wednesday X post, Glassnode shared a comparison between Bitcoin’s (BTC) price and net flows of USDt (USDT) to exchanges starting…

Jet fuel price volatility is hitting airlines unevenly across global markets as weakening local currencies deepen cost pressures, according to new insights from the International Air Transport Association. According to a statement issued by the body, “The first chart of the…

UFC star Conor McGregor criticized former rival Khabib Nurmagomedov for his non-fungible token (NFT) drop on Telegram, which featured digital “papakhas” — a traditional hat worn in Nurmagomedov’s native country of Dagestan. “There is just no way good guy Khabib used…

Sell-offs in the stocks of BUA Cement (-4.76 per cent), Cadbury (-9.92 per cent) and Meyer (-9.91 per cent), among others, dragged the market capitalisation of the Nigerian Exchange Limited down by N444.32bn on Wednesday. The negative trading resulted in…