Tuesday, February 3

Business

Bitcoin ETFs Rebound 2M After .5B Outflows

Bitcoin exchange-traded funds (ETF) experienced another recovery on Monday amid a challenging market environment for BTC and broader digital assets.Spot Bitcoin (BTC) ETFs drew about $562 million of inflows, breaking a four-day outflow streak. $1.5…

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MultiChoice Nigeria appoints new CEO

MultiChoice Nigeria has appointed Kemi Omotosho as its new Chief Executive Officer, following the retirement of John Ugbe, the company said in a statement on Monday. The appointment will take effect from January 2026, marking a leadership transition at the…

Perp DEXs Will Eat TradFi 2026: Delphi Digital

Perpetual decentralized exchanges (DEXs) are gaining traction as traders turn to blockchain-based platforms that promise lower costs and fewer intermediaries than traditional centralized venues.Perp DEXs are blockchain-based venues for trading perpetual futures contracts, allowing traders to bet on the underlying…

FG enforces 0.5% levy on fuel wholesalers

The Federal Government has tightened regulatory pressure on fuel suppliers and their wholesale customers in the downstream petroleum sector with the enforcement of the 0.5 per cent levy on the wholesale price of petroleum products and natural gas, as provided…

Animoca Brands Acquires Somo as NFT Market Rebounds in 2026

Animoca Brands doubled down on digital collectibles by acquiring gaming and collectibles company Somo, expanding its footprint in Web3-native entertainment and adding Somo’s playable, streamable and tradable collectibles to Animoca’s portfolio of blockchain-based platforms. The company said Wednesday it plans to…

DKIPPI launches data privacy campaign

The Data & Knowledge Information Privacy Protection Initiative has launched the 11th edition of Data Privacy and Protection Month in Nigeria, underscoring the country’s growing concern over the handling of personal data. The month-long campaign coincides with the global World…

NGX gains N1.66tn as bullish momentum persists

The Nigerian Exchange Limited extended its bullish run on Tuesday as sustained buying interest in key stocks lifted total market capitalisation by N1.66tn, reinforcing positive investor sentiment in the equities market. At the close of trading, total market capitalisation rose…

Ethereum Overtakes L2s Base and Arbitrum on Active Users

Active users on the Ethereum network have overtaken major layer 2s as long-term development strategies begin to pay off.The number of active addresses on Ethereum exceeded 791,000 on Monday, higher than that of the network’s major L2 players, including Base,…

Alert Group targets N130bn loan disbursements

The Alert Group has unveiled plans to disburse N130bn in loans in 2026, as it continues to expand its financial services across Nigeria and support Micro, Small and Medium Enterprises. The announcement was made during a media chat in Lagos…

BitMine Stakes 186K More ETH, Total Reaches 1.5M Worth .13B

Ethereum digital asset treasury (DAT) BitMine has just staked another huge batch of Ether, bringing its total amount staked to over 1.5 million ETH. Tom Lee-chaired BitMine Immersion Technologies (BMNR) added 186,560 ETH (worth around $625 million) to the “Beacon Depositor”…

Zichis Agro-allied Industries plans N1.09bn listing

Zichis Agro-allied Industries Plc has announced plans to list shares valued at N1.09bn on the Nigerian Exchange Limited through a listing by introduction on the Growth Board. The company plans to list 600m ordinary shares of 50 kobo each at…

Nigeria, UAE scrap tariffs on over 13,000 goods

The Federal Government has announced that Nigeria has eliminated tariffs on 6,243 products imported from the United Arab Emirates, and the UAE has removed tariffs on 7,315 products imported from Nigeria, as part of a new trade pact aimed at…

AI and Impersonation Crypto Scams Experience Record Growth in 2025

Scammers and fraudsters increasingly used impersonation scams to steal crypto from unsuspecting users last year, with a 1400% year-over-year spike in cases, according to Chainalysis. Impersonation scams involve fraudsters posing as a trusted person or organization in an effort to trick…

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