Tuesday, October 20

Business

Banks, consumer stocks drive capital market outlook

Consumer goods and banking stocks have been highlighted as drivers of opportunities in the Nigerian capital market. This projection was made by the Head of Equities and Alternative Solutions at First Asset Management, Laura Fisayo-Kolawole, at the Nigeria Economic Outlook…

Nigeria to invest 0m W’Bank loan in fibre infrastructure

Nigeria plans to channel $460m, representing about 92 per cent of a $500m World Bank loan, into the capitalisation of a proposed fibre infrastructure company set up to deploy 90,000 kilometres of climate-resilient broadband fibre across the country. This is…

DisCos abandon metering duty, NERC report reveals

Electricity distribution companies funded only 90,172 meters nationwide between 2019 and the third quarter of 2025, according to the Nigerian Electricity Regulatory Commission’s Third Quarter 2025 report, underscoring their limited contribution to closing Nigeria’s widening metering gap. This indicates that…

Bitcoin Network Mining Difficulty Falls in Jan 2026

The Bitcoin (BTC) network mining difficulty, the relative computing challenge of adding a new block to the decentralized blockchain ledger, fell slightly to 146.4 trillion on Thursday, in the first difficulty adjustment of 2026. “The next Bitcoin difficulty adjustment is estimated…

Starknet Team Outlines Root Cause of Latest Network Outage

The outage was the second major network disruption in 2025, with both incidents requiring a block reorganization that rolled back some activity.The team behind Starknet, an Ethereum layer‑2 (L2) scaling network, released a post-mortem report outlining the root cause of…

Bitcoin Whales Drop BTC Longs in New Bull Signal

Bitcoin whales began repeating a classic bull signal as they took BTC long positions off the table after a year of declining overall market exposure.Bitcoin (BTC) whales are “aggressively” reducing long exposure as a classic bull signal reappears.Key points:Bitfinex whales…

Oyedele reacts to KPMG’s review of Nigeria’s tax laws

The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has faulted the concerns raised by KPMG about Nigeria’s new tax laws, saying the bulk of the issues described by the firm as errors and loopholes are…

Grayscale Forms Trusts for Potential BNB and HYPE ETFs

Asset manager Grayscale has taken an early step toward expanding its crypto investment lineup by forming new Delaware statutory trusts tied to potential products linked to BNB and HYPE, according to state records.According to Delaware records, the trusts were registered…

How a Wallet Approval Wiped a Crypto Wallet

A crypto user known as The Smart Ape said he lost about $5,000 from a hot wallet after spending three days in a hotel, not because he clicked a phishing link, but because he made a series of “stupid mistakes,”…

Sharplink Pockets M From Ether Staking, Deploys Another 0M

Public companies and crypto-focused treasury firms are increasingly turning to staking as a source of passive income.Sharplink Gaming, the world’s second-largest corporate Ether (ETH) holder, generated 10,657 Ether ($33 million) in passive yield on its staking operations during the past…

How Mass Surveillance Never Ended

In June 2013, the lens through which US citizens looked at their government was dramatically changed; it was now a PRISM. PRISM was the program that enabled the National Security Agency (NSA), with some help from the FBI, to obtain…

Bitcoin’s Next Parabolic Rally Hinges On A Key Data Point

Bitcoin’s long-term holders (LTHs) went through one of the most aggressive distribution phases on record in 2025. While the scale of selling rattled the market, onchain data analysis suggests that this pressure may be fading, possibly outlining the next bullish…

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