Tuesday, February 3

Business

Bitcoin Rally To 5K Unlikely Due To Global Socioeconomic Factors

Key takeaways:Bitcoin’s move above $97,000 lacks confirmation in derivatives markets, with the options skew signaling caution toward any sustained rally.Geopolitical risks, falling treasury yields, and weakening equities reinforce a risk-off setting that continues to limit Bitcoin’s upside.Bitcoin (BTC) price surged…

Oil prices hit /barrel amid drone attacks in Russia

Global oil prices surged on Tuesday as markets reacted to escalating drone attacks on Russia’s Novorossiysk terminal, which handles about two per cent of global daily oil supply, according to a report by Oilprice.com. Brent crude rose from $63 per…

FSI celebrates six years of driving Africa’s innovation

Financial Services Innovators has marked its sixth anniversary, highlighting years of fostering innovation, developing talent, and supporting startups across Africa. Since its founding in 2019, FSI has focused on bridging the gap between technology, practical skills, and enterprise growth, with…

W’Bank calls for revamp of employment schemes

The World Bank has urged governments to revamp public works programmes, saying short-term jobs are no longer enough to address unemployment and skills gaps. In its report, Innovations in Public Works: Rethinking Public Works for Jobs and Skills in a…

SEC Closed its 2023 Probe into Privacy Coin

The investigation into Zcash, launched with an SEC subpoena over a “matter of certain crypto asset offerings,” ended this week, according to the foundation.The foundation behind Zcash (ZEC) said that the US Securities and Exchange Commission (SEC) will not pursue…

Govt threatens sanctions as Lokoja-Abuja road lags

The Federal Government has expressed dissatisfaction with the pace of construction work on the Lokoja–Abuja highway, warning contractors handling sections of the critical corridor to urgently improve performance or risk sanctions. The Presidency’s Senior Special Assistant on Community Engagement, North…

Ether’s Price-Fundamentals Gap May Signal a 2026 Opportunity

Etherealize CEO Vivek Raman argues that ETH’s lagging price masks strengthening fundamentals that could reshape how the token is valued in 2026.Ether’s price performance left many investors frustrated last cycle. While other assets captured attention with faster rallies, ETH has…

Paystack launches microfinance bank

Paystack has launched a microfinance bank in Nigeria, marking a major expansion of its role from payment processing into broader financial services for businesses and individuals. The Stripe-owned Nigerian fintech disclosed the launch on Wednesday. The new entity, Paystack Microfinance…

FG unveils gold refinery, advances 0m lithium plant

The Federal Government has announced the commencement of operations at a high-purity gold refining plant in Lagos, with three additional gold refineries at different stages of development across the country and a $600m lithium processing plant in Nasarawa State ready…

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