Sunday, October 11

Business

Bitcoin Holds K Amid Tech Sell-Off. Cautious Bulls Eye K Rally.

Key takeaways:Bitcoin futures and options show whales still prefer hedging downside risks as socio-economic risks mount.Rising Treasury yields and declines in AI stocks fuel risk aversion, yet BTC’s strength signals continued decoupling.Bitcoin (BTC) showed relative strength over the past week,…

FCCPC resumes digital lending regulations as court upholds powers

The Federal Competition and Consumer Protection Commission (FCCPC) has resumed implementation and enforcement of its Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations, 2025, following a Federal High Court’s affirmation of its authority to regulate Nigeria’s digital lending sector. The…

SEC Targets Mining Automatic in Alleged M Fraud Case

The US Securities and Exchange Commission (SEC) has sued crypto mining investment business Mining Automatic and its founder, Zan Shaikh, alleging they raised $22 million from investors while spending only about 13% of the funds on mining operations.Mining Automatic was…

Naira depreciation, not fresh borrowing, drove debt surge — Oyedele

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said much of the increase in Nigeria’s public debt since the current administration assumed office resulted from exchange-rate depreciation and accounting adjustments rather than extensive new borrowing.…

Bernstein raises Robinhood target on tokenization outlook

Analysts at Bernstein have raised their price target on Robinhood Markets, based on their investment thesis that the online brokerage’s next phase of growth will be driven by tokenized equities and prediction markets rather than traditional crypto trading.In a Monday…

MTN warns customers against fake promo

MTN Nigeria has warned customers to disregard fraudulent online posts claiming the telecom operator is offering “1 Month Free Data for Old Subscribers,” describing the promotion as fake and unauthorised. In a statement shared on its X handle on Monday,…

Bitcoin Mining Stocks Jump on AI Infrastructure Momentum

Shares of several Bitcoin mining companies surged Monday after Hut 8 and IREN announced major AI infrastructure deals, reinforcing investor optimism around miners expanding into artificial intelligence and high-performance computing.IREN, Cipher Digital, CleanSpark, Hut 8 and MARA Holdings each gained…

Nigeria hails ECOWAS backing for African Atlantic Gas Pipeline

Nigeria has welcomed the unanimous endorsement of the African Atlantic Gas Pipeline project by member-states of the Economic Community of West African States (ECOWAS), describing the signing of the intergovernmental agreement as a major step towards regional energy security, economic…

Bitcoin ETFs Post Second Week of Inflows at .7M

US-listed spot Bitcoin exchange-traded funds (ETFs) are seeing renewed investor demand, but the latest inflow streak has yet to provide enough momentum for a stronger recovery.Bitcoin ETFs recorded $75.7 million in net inflows for the week ending July 17, marking…

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