Monday, June 22

Business

Nigeria, Israel deepen cooperation on AI innovation

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.…

Polymarket Resolves Strategy Bitcoin Sale Dispute to No

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…

‘Dockworkers central to green port transformation’

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…

Bybit Lists Western Union’s USDPT Stablecoin Amid Payments Push

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…

NRC plans fare hike amid fuel price surge

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…

Customs, W’Bank launch post-clearance audit mission

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…

Egbin Power honours outstanding employees

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…

NLNG awards contracts for three new vessels

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…

Bitcoin ETF Ownership Shifts as Hedge Funds Sell and Banks Buy: CoinShares

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…

W’Bank boosts electricity supply across West Africa

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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