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Japanese banking giant Nomura will reportedly reduce its exposure to crypto, citing the current tough market climate and a dip in profits from overseas in the third quarter.Nomura chief financial officer Hiroyuki Moriuchi said that…
No fewer than 33 ships laden with petroleum products, commodities and other goods are expected to arrive at Apapa, Tin-Can Island and Lekki Deep Sea Ports in Lagos from 30 to 31 January. The Nigerian Ports Authority (NPA) stated this…
Nigeria’s non-oil exports rose to an all-time high of $6.1bn in 2025, marking the strongest performance recorded in the sector since the establishment of the Nigerian Export Promotion Council nearly five decades ago. The figure represents an 11.5 per cent…
Concerns over insider trading on prediction markets have intensified after a series of high-profile bets on geopolitical events, prompting fresh questions over whether it’s even feasible to curb such practices in the growing industry sector.Preventing insider trading is realistically possible…
The Federal Government has allocated over N1.1tn to the power sector in the 2026 Appropriation Bill, an amount higher than the N900bn budgeted for the sector in 2025. However, stakeholders have raised concerns as a detailed examination of the budget…
Bitcoin (BTC) slid to eight-day lows on Tuesday as macro headwinds gave bulls new headaches.Key points:Bitcoin toyed with the 2025 and 2026 yearly opens after a “failed” breakout from its multimonth range.Current BTC price weakness is not a result of…
Bitcoin holders have realized net losses over 30 days, marking the first such stretch since late 2023, after more than two years dominated by realized profits.According to data shared by Julio Moreno, head of research at CryptoQuant, the Bitcoin (BTC)…
Recent record network activity on Ethereum could be linked to a wave of address poisoning attacks that are taking advantage of low gas fees since December, said security researcher Andrey Sergeenkov.Cointelegraph reported on Friday that network activity retention nearly doubled…
Bitcoin accumulation by wallets holding between 100 and 1,000 BTC could signal that there is continued interest in Bitcoin from institutional investors in the US.“Institutional demand for Bitcoin remains strong,” said CryptoQuant founder Ki Young Ju on Tuesday, adding that…
Decentralized Finance yield platform Pendle is set to replace its vePENDLE token as its primary governance and reward token, arguing the previous design held back broader adoption. In an announcement via X on Monday, Pendle unveiled sPENDLE, its new “liquid staking…
Banks operating in Nigeria have reported a broad rise in loan defaults across households and businesses, showing growing stress in the credit market despite improved loan supply and rising demand. According to the Central Bank of Nigeria’s Credit Conditions Survey…
Magic Eden CEO and co-founder Jack Lu says his company will be well-positioned for the “supercycle” where “finance merges with entertainment” amid a recent boom in prediction markets and betting.“Speculation is mainstream now. And Magic Eden is building for this…
Confusion continues to surround the construction of the second runway at the Nnamdi Azikiwe International Airport, Abuja, with uncertainty over the actualisation of the project. Discussions around the project peaked in 2025 when its estimated cost reached N532bn. However, the…
Memecoin launchpad Pump.fun is spinning up a new investment arm aimed at backing promising startups, in its first significant pivot away from its memecoin roots. Pump.fun said on Monday it was launching Pump Fund alongside a $3 million hackathon, which…
Humanitarian aid cuts are pushing Nigeria deeper into a hunger emergency, with food assistance plummeting from 1.3 million people reached during the 2025 lean season to just 72,000 expected to be assisted in February, the UN World Food Programme has…
Data shows Ethereum layer 2 MegaETH hit network speeds of up to 47,000 transactions per second in testing as the project prepares for a stress test ahead of its mainnet launch. In an X post on Monday, MegaETH said it will…
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