Femi Otedola has disclosed that he sold his stake in Geregu Power Plc to position himself for investment in the proposed initial public offering of Dangote Petroleum Refinery, describing the facility as a transformative industrial project capable of reducing Africa’s…

US-based exchange-traded funds tied to HYPE recorded a 50% trading volume jump on Wednesday, in a rare move for newly debuted ETFs, according to analysts. Two Hyperliquid (HYPE) ETFs from issuers Bitwise and 21Shares have recorded nearly $41 million in total…

The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday retained the benchmark interest rate at 26.5 per cent, citing rising external risks, renewed inflationary pressure, and the need to sustain exchange rate stability. The CBN Governor, Olayemi…

Elon Musk’s aerospace company SpaceX reported holding 18,712 Bitcoin worth $1.45 billion in a recent filing, over 10,000 coins more than blockchain tracking firms had estimated. In the company’s S-1 registration statement, filed as part of its bid to become a…

PalmPay said it has intensified efforts to bridge Nigeria’s financial inclusion gap by empowering more than 2,000 women entrepreneurs across Kano and Kaduna states through a grassroots financial literacy and digital banking initiative targeted at market traders. The digital bank…

Key takeaways:$2 billion in spot Bitcoin ETF outflows spark downside fears, but this metric is typically backward-looking.A sustained discount on stablecoins in China signals broad capital flight from cryptocurrency markets.Bitcoin (BTC) reclaimed $77,000 on Wednesday as broader risk markets saw…

KBL Insurance Limited has paid over N5bn in claims across multiple insurance categories within the last 16 months, reinforcing its standing as a dependable and customer-focused underwriting institution. The firm disclosed in a statement on Wednesday that it paid claims…

Coinbase launched USDF with Flipcash, a Solana-based stablecoin backed 1:1 by Circle’s USD Coin, as the crypto exchange expands its infrastructure business for companies issuing branded digital currencies.According to Wednesday’s announcement, USDF is designed to serve as the settlement asset…

The National Pension Commission and the Nigeria Labour Congress, Lagos State Council, will begin the enforcement of compliance on pension defaulters under the Contributory Pension Scheme from June 1. The Chairperson of the NLC Lagos State Council, Funmi Sesi, disclosed…

Bitcoin (BTC) demand on Coinbase points to early signs of market stabilization as BTC reclaimed the upper bounds of its range highs. The 14-day trend of the Coinbase Premium Index has remained in an uptrend, suggesting steady buyer interest despite…

Missouri is suing the company behind cryptocurrency ATM operator CoinFlip for “knowingly facilitating fraudulent transactions and profiting from them,” in the latest move by a US state authority targeting digital currency kiosks and ATMs.In a Wednesday notice, the office of…

Hester Peirce, a two-term commissioner at the US Securities and Exchange Commission (SEC), head of the agency’s crypto task force and known to many as “Crypto Mom,” will join the Regent University School of Law as faculty.In a Tuesday notice…

Key points:Bitcoin is at a critical juncture, as a close below $76,000 may deepen the pullback toward $70,000.HYPE and ZEC are in an up move, but most other major altcoins are struggling to find support. Bitcoin (BTC) has risen above $77,500, but…

Tether has acquired SoftBank Group’s stake in Twenty One Capital, the Bitcoin treasury company that is expanding into lending, mining and capital markets services, in a move that gives the stablecoin issuer greater control over one of the largest publicly…

Femi Otedola, the chairman and biggest shareholder of financial services group First HoldCo Plc, hopes to invest $100 million in the proposed private placement of Dangote Petroleum Refinery. The billionaire tycoon made this known to journalists during a tour by…