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Key takeaways:The Bitcoin funding rate climbed to 7%, showing confidence, but spot ETF outflows keep a $70,000 breakout on hold for now.Strong order-book bids and lower oil prices helped, but weakness across stocks, bonds, and…
The Ambassador of Israel to Nigeria, Michael Freeman, on Thursday pledged deeper collaboration with Nigeria in the field of artificial intelligence, saying the Israeli government would continue sharing its expertise with the country to support job creation, innovation and entrepreneurship.…
A disputed Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to “No” after two dispute rounds, despite Strategy later disclosing that it sold 32 BTC during the market’s covered window.UMA Optimistic Oracle (UMA) token holders voted to…
Maritime stakeholders have stressed the need for targeted training of dockworkers and workforce development to prepare workers for emerging technologies and sustainable port operations. Stakeholders also stated that dockworkers are an integral part of Nigeria’s transition to greener ports. This…
Crypto exchange Bybit has added support for Western Union’s USDPT stablecoin, a move that brings the payments giant’s digital dollar onto a major crypto trading venue for the first time.The companies announced on Thursday that USDPT, Western Union’s US dollar-pegged…
The Nigerian Railway Corporation is considering an upward review of passenger and freight tariffs as mounting operational costs continue to pressure its finances, The PUNCH has learnt. The planned fare adjustment comes barely hours after the expiration of the Federal…
Latest NewsPublishedJun 4, 2026Political activist Bill Browder, the teenager’s father, said his son was “the first high school student in the world to be sanctioned by an authoritarian regime” over a report on the ruble-pegged stablecoin A7A5.Alexander Browder, the son…
The African Public Relations Association (APRA) on Thursday signed a Memorandum of Understanding (MoU) with the Namibian Press Agency (NAMPA). The MOU is a follow-up to an earlier invitation by NAMPA to APRA to co-host the 2026 Effective Communicators Conference…
The Nigeria Customs Service, in collaboration with the World Bank Group, has commenced a two-week technical assistance mission on the Post Clearance Audit under the Accelerated Revenue Mobilisation Reform Programme, aimed at strengthening compliance management, revenue assurance, and trade facilitation…
Jonathan Gould, the Comptroller of the Currency (OCC) nominated by Donald Trump, implied that the US president had not ordered him to approve or give special consideration to a national trust charter application tied to his family’s financial interests.In a Thursday…
Egbin Power has honoured employees for outstanding performance and contributions to the company’s operations at its Employee Recognition Awards 2026. The company said in a statement on Wednesday that the awards ceremony brought together management and staff to recognise top-performing…
Key takeaways:Strategy faces tighter short-term liquidity, but its conservative 11% net leverage protects it from forced BTC liquidations.A Bitcoin rally above $70,000 remains unlikely as long as STRC trades under $100 and spot ETFs show net selling pressure.Bitcoin (BTC) faced…
Dangote Petroleum Refinery and Petrochemicals says it has increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its installed nameplate capacity of 650,000 bpd following a performance assessment by its process licensors. The development marks a…
Bonny Gas Transport Limited, a subsidiary of Nigeria LNG Limited, has awarded contracts for the construction of three new liquefied natural gas carriers to Hudong-Zhonghua Shipbuilding Group and China Shipbuilding Trading Company. According to a statement, the vessels form part…
Professional ownership of US spot Bitcoin exchange-traded funds (ETFs) declined sharply in the first quarter as Bitcoin’s bear market deepened, suggesting that trading-oriented institutions were a significant source of selling pressure during the downturn.A new report by CoinShares analyzing quarterly…
The World Bank has said its regional power integration and electricity access programme is strengthening electricity supply across West Africa, expanding cross-border power trade, improving utility finances and increasing access to electricity for millions of people. In a results brief…
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