Friday, January 30

Business

UK Bans Coinbase Ads For Trivializing Crypto Risks: Report

The UK’s advertising watchdog has reportedly banned a series of Coinbase advertisements claiming they presented the crypto exchange as a solution to cost-of-living concerns while making light of the risks of investing in crypto.The UK Advertising Standards Authority said the…

Aviation unions reject Enugu airport concession, threaten strike

Aviation workers’ unions have rejected the Federal Government’s concession of the Enugu airport, describing the process as insensitive, opaque, and exclusionary, warning that industrial action may follow if the decision is not reversed. The unions—the Air Transport Services Senior Staff…

OKX Launches Crypto Card In Europe For Stablecoin Payments

Cryptocurrency exchange OKX is rolling out a payment card in Europe, allowing users to spend stablecoins at merchants accepting Mastercard.The OKX Card is issued through the company’s Electronic Money Institution (EMI) partner, Monavate, OKX said Wednesday in an announcement shared…

FG begins N4tn debt settlement, captures five GenCos

The Federal Government has taken steps towards resolving Nigeria’s estimated N4tn power sector debt burden as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme, following the issuance of a N501bn bond. The bond,…

Fed Money Printing For Japan Good For Bitcoin: Arthur Hayes

Bitcoin could break out of its “sideways funk” if the United States central bank attempts to support a failing Japanese bond market by printing money, according to BitMEX founder Arthur Hayes.Hayes proposed a theory on Wednesday about how the Federal…

NUPRC courts global investors ahead of 2025 oil licensing round

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has invited global energy investors, upstream operators, financial institutions and strategic partners to a webinar ahead of Nigeria’s 2025 oil and gas licensing round. In an advertorial posted on its official X page,…

CBN approves temporary use of expired NAFDAC licences for imports

The Central Bank of Nigeria has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration and Control licences for import documentation, offering short-term relief to businesses affected by system changes in Nigeria’s trade…

Crypto Laundering On Centralized Exchanges Declines: Report

The use of centralized crypto exchanges for laundering illicit funds is on the decline, with Chinese-language money laundering networks now being used more than ever, according to Chainalysis.Chainalysis said in a report on Tuesday that informal service-based networks offered through…

Imported petrol beats Dangote on price

The landing cost of imported Premium Motor Spirit (petrol) is now lower than the gantry price of the commodity from the Dangote Petroleum Refinery, following the refinery’s decision to hike prices, The PUNCH reports. Data from the Major Energies Marketers…

Coinbase Inches Closer Toward Launching Custom Stablecoins

Coinbase is testing Flipcash’s in-development stablecoin, USDF, on its backend as part of a new feature that will allow businesses to create their own branded, dollar-backed tokens.The “Coinbase Custom Stablecoins” feature, introduced in December, will let businesses earn rewards on…

Facebook to showcase creator tools at Lagos summit

Facebook will take centre stage at the 2026 African Creators Summit, offering on-ground experiences aimed at connecting with the continent’s expanding digital talent. The summit, scheduled for Thursday, 29 January, at Lagos’s Federal Palace Hotel, brings together creators, storytellers, innovators,…

Retail Traders Rotating to Whatever is Pumping: Santiment

Social media discussions about silver and gold have outpaced crypto on most days this month as retail investors have latched onto a recent rise in precious metal prices, according to market intelligence platform Santiment.Gold discussion erupted in the second week…

Motivair expands liquid cooling portfolio for AI workloads

Motivair by Schneider Electric has announced the launch of its new MCDU-70 Coolant Distribution Unit, describing it as a scalable, high-performance solution for next-generation AI data centres. The company said the announcement marked a significant expansion of its liquid cooling…

Steak ‘N Shake Adds M To Strategic Bitcoin Reserve

US fast-food restaurant chain Steak ’n Shake has added $5 million worth of Bitcoin to its Strategic Bitcoin Reserve as part of a pledge to funnel all sales made in Bitcoin straight into the fund.The move takes the company’s total…

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