Business
The US House has passed a major housing bill that includes a ban on central bank digital currencies until 2030, in what is set to be a major win for Republicans who have long pushed…
The Rural Electrification Agency has signed two major memoranda of understanding aimed at deepening Nigeria’s clean energy transition, strengthening agro-industrial productivity, and accelerating innovation-driven economic development across the country. The agreements, signed with the Nigerian Commodity Exchange and the Young…
Bitcoin’s drop below $73,000 on Wednesday marks a short-term turning point for the market, as multiple BTC distribution signals point toward rising sell-side pressure. While the increasing chance of a correction into the $60,000 to $70,000 range remains in play, long-term…
A global workspace provider, Regus, has expanded its presence in Abuja with the opening of a new facility aimed at providing flexible office solutions for entrepreneurs, startups and corporate organisations. Speaking during the opening ceremony recently, the Country Manager of…
Bit Digital purchased $20 million worth of Ether earlier this month, increasing its holdings to roughly 158,462 ETH. The Nasdaq-listed company said Thursday it acquired 8,568 ETH (ETH) on May 11 at an average price of $2,334.25 per token.CEO Sam…
Nigeria’s instant noodles brand, Indomie, has celebrated over 100,000 children nationwide as part of its 2026 Children’s Day activities, reinforcing its commitment to children’s happiness, development, and family bonding across the country. It said in a statement on Wednesday that…
Crypto exchange Gemini has partnered with Elon Musk’s SpaceXAI to launch an artificial intelligence-powered feature for its prediction markets platform that will allow users to curate personalized feeds.Gemini said on Thursday that its “Command Center” offering would show markets based…
The Nigerian Railway Corporation has temporarily suspended operations on the Warri–Itakpe Train Service, citing operational challenges and technical recommendations from its engineers. The suspension, which took immediate effect, was announced in a statement on Wednesday by the Chief Public Relations…
Recent moves by the Iranian government to Bitcoin for oil tolls as gold overtakes US dollar assets in global central bank reserves signals a “shift away from dollar-based systems,” according to crypto financial services company Fidelity Digital Investments.Tehran’s acceptance of…
Fidelity Bank Plc has recorded a 37.9 per cent growth in its gross earnings to N434.95bn for the first quarter of 2026, as the international commercial bank continues to expand its core banking market share. The interim report and accounts…
Solana (SOL) futures dropped sharply in May as traders reduced leveraged exposure across all exchanges. SOL open interest (OI) dropped to $1.90 billion on Thursday from $2.75 billion on May 11, a 30% decline, while funding rates remained close to…
The African Export-Import Bank has announced a 25 per cent growth in net income for the first quarter of 2026, driven by strong lending activities, disciplined balance sheet management, and improved profitability. “This performance underscores the bank’s resilience and strong…
The US Commodity Futures Trading Commission (CFTC) and companies behind prediction market platforms are continuing legal fights against state-level authorities, with the latest battlegrounds centered in Rhode Island and Minnesota.Last week, Minnesota Governor Tim Walz signed a bill into law…
FairMoney Microfinance Bank has introduced a new financing product that will enable eligible transporters and delivery merchants to acquire business-use vehicles through structured repayment plans. According to the bank, these payment structures are explicitly tailored to match the daily and…
US Securities and Exchange Commission (SEC) Commissioner Hester Peirce said financial privacy is becoming increasingly undervalued in US regulation, warning against treating privacy-preserving technologies with suspicion.Speaking Wednesday at Georgetown Law, Peirce described privacy-enhancing technologies, including cryptographic tools, as legitimate components…
Disruptions to oil shipments through the Strait of Hormuz caused by the ongoing Israeli-United States conflict with Iran has boosted Nigeria’s crude exports to India in recent weeks as the country’s refiners turned to African and Latin American for supplies.…
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