Monday, February 2

Business

CertiK Traces M in Tornado Cash Funds to 2M Crypto Hack

Roughly $63 million in Tornado Cash deposits has been linked to the $282 million cryptocurrency wallet compromise of Jan. 10.Blockchain security firm CertiK said in a Monday X post that its monitoring systems identified Tornado Cash interactions tied to the…

Agbeyewa acquires ex-CBN governor’s firm

Agbeyewa Industries Limited, a subsidiary of Cavista Holdings, has acquired Matna Foods Company Limited, founded in 1998 by former Central Bank of Nigeria Governor, Dr Joseph Sanusi, further strengthening its position in the Nigerian agribusiness sector. According to the firm…

Senate Judiciary Wants Dev Protections Out of Crypto Bill

US Senate Judiciary Committee leaders are seeking to remove crypto developer protections from the Senate’s crypto market structure bill, arguing the provisions would weaken unlicensed money transmitting laws.Senate Judiciary chair Charles Grassley and the committee’s top Democrat, Richard Durbin, told…

Mandilas, Yabatech partner to boost graduate employability

Mandilas Group has signed a Memorandum of Understanding with the Yaba College of Technology to equip Nigerian students with practical, industry-relevant skills and improve graduate employability. The partnership, implemented through the John Basil Mandilas Foundation, the corporate social responsibility arm…

Ethereum’s “Walkaway Test”: Why Quantum Readiness Matters

What is the “walkaway test?” Vitalik Buterin’s “walkaway test” is a way to assess Ethereum’s long-term credibility. The network is intended to remain secure and functional even if its core developers were to stop actively upgrading it.In a recent analogy,…

UBA Foundation supports 100,000 across Nigeria, Africa

UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa Plc, has distributed essential materials worth several millions of naira and dollars to school students, orphanages, internally displaced persons camps, and vulnerable communities across Nigeria and 19 other…

Why Wrench Attacks Are Becoming Crypto’s Most Violent Crime

In January 2025, French authorities freed Ledger co-founder David Balland after kidnappers demanded a large ransom in cryptocurrency. The case illustrated what crypto crime can look like when it leaves the screen and becomes a physical hostage situation.In fact, crypto-related…

Experts urge broader insurance upgrades beyond recapitalisation

Industry experts have said that Nigeria’s ongoing insurance recapitalisation must be matched with deliberate investments in skills, technology and market expansion to deliver real value to the economy and the public. Speaking on the state of the industry, former President…

Binance Australia Restores Direct Bank and PayID Transfers for User

Crypto exchange Binance has reintroduced direct bank transfers in Australia two years after the exchange was abruptly “cut off” from the Australian banking system. As of last Friday, Binance Australia has relaunched direct fiat bank and PayID deposits and withdrawals to…

Obat Oil plans 200 retail stations nationwide – GMD

In a conversation with DARE OLAWIN, Obat Oil’s Group Managing Director, Akinfemiwa Akinruntan, discusses the company’s strategic advantages, operational improvements, plans to grow its retail network, collaboration with the Dangote refinery, and how technology, infrastructure, and cleaner energy are driving…

The dangerous triumph of neo-mercantilism

In the first 11 months of 2025, China ran a customs trade surplus of over $1tn. According to Brad Setser of the Council on Foreign Relations, in 2025 as a whole, its “overall goods surplus . . . should —…

Access ARM Pensions grows assets above N4tn

Access ARM Pensions has exceeded the N4tn mark in assets under management, marking a major milestone and underscoring the strong momentum following the merger of Access Pensions and ARM Pensions. The achievement represents a significant increase from less than N3tn…

Bitcoin Drops ,500 As EU Threatens Trump Tariff Retaliation

Bitcoin fell almost $3,500 on Monday as Europe hinted at retaliatory measures against US President Donald Trump, who threatened new trade tariffs unless negotiations could begin over Greenland. Bitcoin (BTC) prices have dumped 3.6% in a matter of hours, falling from…

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