Thursday, June 25

Business

Why I sold ownership of Geregu Power Plant — Otedola

Nigerian billionaire businessman Femi Otedola has disclosed that he sold his stake in Geregu Power Plc to invest in the planned public offering of the Dangote refinery project owned by Aliko Dangote. Mr Otedola made the disclosure while speaking to…

SEC Approves Nasdaq Bitcoin Index Options

The Securities and Exchange Commission has approved Nasdaq’s proposal to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange.The options are European-style contracts tied to the Nasdaq Bitcoin Index, a benchmark that tracks one one-hundredth of the CME CF…

Polymarket-Linked UMA Adapter Exploited For at Least 0K

Polymarket confirmed a security exploit affected part of its infrastructure, pointing to a possible private key compromise involving a wallet used for top-up operations, while saying user funds and market resolution were safe.In a Friday X post, Polymarket developers said…

Bitcoin ETF Outflows Are a ‘Contrarian’ Buy Signal: Santiment

The recent streak of outflows from US-based spot Bitcoin ETFs, totaling more than $1 billion over the past trading week, suggests a potential buying opportunity for the world’s largest cryptocurrency, according to crypto sentiment platform Santiment.“Santiment’s analysts read these flows…

Polymarket Seeks Japan Entry Amid Global Scrutiny: Report

Polymarket, a global prediction market platform, is reportedly seeking entry into Japan amid growing regulatory scrutiny of the sector worldwide.The company has appointed Mike Eidlin, head of Japan at crypto firm Jupiter, to lead its local efforts and is preparing…

FG targets 2,322 CNG stations by 2027

The Federal Government has said it is targeting the establishment of 2,322 Compressed Natural Gas stations nationwide by 2027 as part of efforts to deepen the adoption of alternative fuel vehicles and expand gas mobility infrastructure across the country. The…

US directs green card applicants to apply from home countries

The United States has directed Nigerians and other foreign nationals seeking green cards to return to their home countries to complete the application process, except in extraordinary circumstances. The directive, issued on Friday, was announced by the United States Citizenship…

Edo disburses funds to 637 LIFE-ND agribusiness beneficiaries

Edo State Governor, Monday Okpebholo, has said that his administration remains committed to transforming agriculture into a viable and sustainable pathway for wealth creation, food security, and youth development. Okpebholo gave the assurance in Benin City at the flag-off ceremony…

DeFi Hacks Shake Institutional Confidence as Risks Outpace Yields

Security exploits are weighing on institutional appetite for decentralized finance (DeFi), even as broader crypto adoption continues through stablecoins and tokenized assets.In an April research note, JPMorgan analysts said that bridge security remains a challenge for the industry, raising questions…

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