Business
Domestic crude supply to Nigeria’s refineries declined to 15.84 million barrels in May 2026, even as the facilities achieved a combined intake of 17.92 million barrels for the month, according to the latest midstream and…
The price of Liquefied Petroleum Gas (cooking gas) has continued to rise across the country despite a significant increase in its domestic production and a decline in imports, The PUNCH reports. Data obtained from the Nigerian Midstream and Downstream Petroleum…
US Federal Reserve governor Christopher Waller said Sunday that the growing use of dollar-backed stablecoins could bolster the global influence of US monetary policy.Waller told participants at the 32nd Dubrovnik Economics Conference that countries that increasingly rely on stablecoins backed…
Dangote Industries Limited has emerged as Africa’s Most Admired African Brand for the eighth consecutive year, reinforcing its dominance across industrial, sustainability and social impact rankings. The company disclosed this in a statement on Sunday, noting that the recognition was…
Strategy chairman Michael Saylor on Sunday signaled the Bitcoin treasury company would be announcing fresh purchases of the cryptocurrency in the coming days.The social media post comes just days ahead of a proxy vote that depends in large part on…
Kraken said late Friday that it expects to launch CFTC-regulated perpetual futures contracts in the US in the next 30 days, hours after the US Commodity Futures Trading Commission approved the instruments.The exchange said when it gains approval, the contracts…
Bitcoin (BTC) circled $73,500 on Sunday as bulls stared down 3% BTC price losses for May.Key points:Bitcoin looks set to end May “in the red” as the monthly candle close nears.US labor-market data will form the key volatility catalyst for…
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said the economic volatility that followed the removal of petrol subsidy and reforms in the foreign exchange market was unavoidable. Mr Oyedele stated this in an interview…
Bitcoin (BTC) is rebounding from a key on-chain support zone, putting the $78,000 level back in focus for bulls.Key takeaways:BTC is eyeing a rebound to $78,200, the realized price of BTC held for three to six months.A sustained move above…
The Federal Airports Authority of Nigeria (FAAN), Lagos State Government health officials, and Port Health Services have reinforced measures to prevent the importation and spread of Ebola Virus Disease (EVD) through the Murtala Muhammed Airport (MMA), Lagos, following a joint…
Vietnam’s Ministry of Finance has proposed letting small and medium-sized enterprises use digital assets, virtual assets and intellectual property as collateral for bank loans.The proposal is part of a draft revised Law on Support for SMEs, which is open for…
Gravity Bridge, a decentralized blockchain facilitating cross-chain transfers between Ethereum and Cosmos, was reportedly drained of roughly $5.4 million, prompting validators to halt the bridge.Onchain analyst Specter first flagged the unusual outflows in a Saturday post on X, revealing that…
Bitcoin ETF selling overwhelmed markets again after last week’s $1.42 billion outflow followed the previous week’s $1.26 billion outflow. BTC’s subsequent fall to $72,500 raised concerns that the price would slip back into the $60,000 to $70,000 range that BTC was…
The feeling toward Bitcoin on social media has reached its most bullish level of the year, even as the overall crypto market is down, according to crypto sentiment platform Santiment.“Sentiment on Bitcoin has spiked to 2.23 bullish comments for every…
The Dangote Petroleum Refinery has dropped its petrol gantry price by N25 per litre, from N1,275 to N1,250. A top official of the Dangote Group, who did not want to be named because he was not authorised to speak on…
The Nigerian National Petroleum Company Limited has recorded a significant month-on-month surge in performance, with revenue climbing sharply to N4.97tn in April 2026, compared to N2.77tn posted in March. This represents an increase of about 79 per cent in monthly…
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