Monday, February 2

Business

Pump.fun Launches ‘Pump Fund’ Investment Arm

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…

Aid cuts push Nigeria deeper into hunger emergency – UN

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…

CBN pursues growth, tames inflation through reforms

Nigeria’s economy is exhibiting early signs of stabilisation, with the Central Bank of Nigeria projecting stronger growth and easing inflation for 2026. The apex bank forecasts GDP growth of 4.49 per cent, average inflation of 12.94 per cent, and external…

NSDC pushes greenfield projects to raise sugar output –CEO

The Executive Secretary and Chief Executive Officer of the National Sugar Development Council, Mr Kamar Bakrin, tells OKECHUKWU NNODIM and other select journalists how greenfield sugar projects are driving increased output, investment, and Nigeria’s quest for self-sufficiency Greenfield sugar projects…

Bitcoin, Altcoins Gains Retrace After US, EU Trade War Resumes

Key points:Bitcoin may remain under pressure as the US-EU trade war may create a risk-off environment in the short term.Most major altcoins have turned down from their overhead resistance levels, signaling that the bears remain in command.Bitcoin’s (BTC) pullback is…

IMF forecasts 4.4% growth for Nigeria, flags inflation

The International Monetary Fund has projected that Nigeria’s economy will grow by 4.4 per cent in 2026, based on improving macroeconomic conditions. The projection, which is an improvement from the 4.2 per cent in 2025, was contained in the IMF’s…

Bitcoin Traders Defend K, But For How Long?

Key takeaways:The BTC futures premium held near 5%, showing leverage demand was not impacted after the failed $98,000 breakout attempt.Bitcoin ETFs saw $395 million outflows as gold hit new records, weakening hedge appeal and pushing traders to price downside risk.Bitcoin…

Customs intercept four live pangolins in Ogun

The Nigeria Customs Service, Federal Operations Unit Zone A, Ikeja, said it intercepted four live pangolins during a targeted patrol at Alapa Creek, Ajilete community, in Ogun State. Announcing this in a statement on Monday, the command’s Public Relations Officer,…

Injective Governance Vote Passes to Accelerate INJ Supply Cuts

Injective’s protocol community approved a major tokenomics overhaul on Monday, passing a governance proposal with 99.89% support based on staked voting power.Injective is a layer-1 blockchain focused on decentralized finance applications, with INJ (INJ) serving as its native token for…

Power outage hits Ibadan over transformer fault

The Ibadan Electricity Distribution Company Plc has announced a power outage across parts of Ibadan, Oyo State capital, following a fault on one of its major power transformers. In a notice issued on Monday and made available to PUNCH Online,…

Bermuda Partners with Coinbase and Circle for ‘Fully Onchain‘ Economy

The partnership builds upon previous work Bermuda’s government has done to attract crypto companies, including bypassing a comprehensive regulatory framework in 2018.The government of Bermuda is planning to create a “fully onchain” national economy using digital asset infrastructure provided through…

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