Business
One of the most successful MEV bots in crypto, Jaredfromsubway.eth, has been drained for more than $7.5 million, with an attacker exploiting the bot’s automated systems, the same ones that have netted it hundreds of…
Bitcoin’s (BTC) latest bout of panic selling produced significantly smaller realized losses than those seen during the February correction. Realized losses peaked at $1.4 billion during the June decline, compared to $2.6 billion in February, while the buy-side liquidity on…
Falcon Aerospace Limited, a business aviation company in West Africa, has appointed former Director-General of the Nigerian Civil Aviation Authority, Capt Folayele Akinkuotu, as Director and Chairman of its Board of Directors, in a move aimed at strengthening its continental…
Crypto platform Blockchain.com has added 173 tokenized stocks and exchange-traded funds through a partnership with Ondo Finance, bringing its catalog of tokenized traditional assets to more than 430 offerings across Ethereum, Solana and BNB Chain.According to an announcement on Wednesday, the new…
Ride-hailing and mobility platform, LagRide, has handed over vehicles to another batch of its Captains under the company’s Drive-to-Own programme, reaffirming its commitment to promoting dignified transportation and creating pathways to asset ownership for drivers in Lagos. The vehicle handover…
Prediction market Kalshi has partnered with compliance software provider StarCompliance to launch a monitoring platform designed to help financial companies oversee employee activity on prediction markets, as the sector faces increased scrutiny over insider trading and the use of non-public information.According…
The Federal Government on Wednesday dismissed reports suggesting it had adopted or was considering the introduction of new taxes on telecommunications services and petroleum products following recommendations contained in the latest IMF Article IV Consultation Report on Nigeria. The government…
Two US lawmakers on opposite sides of the political aisle are backing a resolution that “under no circumstances should Samuel [SBF] Bankman-Fried receive executive clemency, including a pardon or commutation.”In a resolution to be introduced Wednesday, Republican Senator Cynthia Lummis…
The new core investor of Premier Paints, Xenergi Limited, has launched a tender offer for 2 million ordinary shares (representing a 1.6 per cent equity interest) in the company, the paint manufacturer stated in a regulatory filing on Tuesday. AIICO…
The Minister of Aviation and Aerospace Development, Festus Keyamo, has reiterated Nigeria’s commitment to the ideals of the Single African Air Transport Market and the African Continental Free Trade Area, stressing that enhanced air connectivity remains critical to unlocking Africa’s…
Crypto exchange Bybit has been added to the Monetary Authority of Singapore’s (MAS) Investor Alert List, a registry designed to warn consumers about entities that may be wrongly perceived as licensed or regulated by the financial watchdog. Bybit Fintech Limited and…
The Federal Government has dismissed reports suggesting it plans to introduce new taxes on telecommunications services and petroleum products, saying the claims are false and misleading. The Federal Ministry of Finance disclosed this on Wednesday in a statement signed by…
Ride-hailing and mobility platform, LagRide, has handed over vehicles to another batch of its Captains under the company’s Drive-to-Own programme, reaffirming its commitment to promoting dignified transportation and creating pathways to asset ownership for drivers in Lagos. The vehicle handover…
Stablecoin settlement infrastructure company Trace Finance has raised $32 million in a Series A funding round led by CoinFund.Coinbase Ventures, Jump Capital and Paxos were among the investors that participated in the round, the company said Wednesday in a statement…
The Minister of Aviation and Aerospace Development, Festus Keyamo, has identified access to affordable financing and fleet renewal as the biggest challenges facing Africa’s aviation industry, saying demand for air travel across the continent remains strong. Mr Keyamo spoke on…
The Nigerian Communications Commission, working with consultancy KPMG, has begun a comprehensive review of telecom interconnection pricing, the first major reassessment of the sector’s tariff framework in nearly a decade. The exercise, kicked off in Lagos at a mobile termination…
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