Business
The Rural Electrification Agency (REA) says it commissioned a 505-kilowatt peak (kWp) interconnected solar mini-grid project to provide reliable and sustainable electricity to five communities in Epe Local Government Area of Lagos State. The agency…
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…
Political action committees (PACs) aligned with and funded by the cryptocurrency industry notched a series of wins in three US state primaries on Tuesday, potentially setting a precedent for the 2026 midterm elections.The Fairshake PAC and its affiliates poured a…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said the impact of the United States/Israel and Iran conflict on Nigeria’s economy has been largely limited, attributing this to earlier economic reforms that strengthened the country’s buffers. Mr…
Bitcoin (BTC) halted its latest recovery at Wednesday’s Wall Street open as US traders sold off.Key points:Bitcoin nears $78,000 before the US open spoils momentum, continuing a trend from earlier in the week.US stock markets await Nvidia earnings amid a…
The Central Bank of Nigeria (CBN) said Nigeria’s gross external reserves stood at $49.49 billion as of 15 May, providing an import cover of 9.04 months for goods and services. CBN governor Olayemi Cardoso revealed the figure at the press…
Nearly 10% of the total Bitcoin supply is considered “structurally unsafe” due to a quantum computing breakthrough, as their output type reveals the public key by design, regardless of address management practices, according to data analytics platform Glassnode.Totaling about 1.92…
Market analysts say Ether’s (ETH) price may drop to $1,000 if a breakdown from a bearish chart pattern is confirmed.Key takeaways:Ether’s bear flag targets 50% ETH price drop to $1,075. Ether risks over $1.70 billion in long liquidations if the price…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday retained the benchmark interest rate at 26.5 per cent. CBN Governor Olayemi Cardoso announced the decision at the conclusion of the bank’s two-day MPC 305th meeting,…
Digital assets platform Fireblocks has deepened its push into AI agent infrastructure by launching Agentic Payments Suite, a framework purpose-built to support the x402 protocol, as it also joined the x402 Foundation.Fireblocks said Wednesday that its full-stack solution would cover…
May 20, 2026 2:08 pm CBN Governor, Olayemi Cardoso. Photo: CBN / X The Monetary Policy Committee of the Central Bank of Nigeria has retained the benchmark interest rate at 26.5 per cent. The CBN Governor, Olayemi Cardoso, announced the…
Bitcoin (BTC) is down roughly 40% from its October 2025 record high, but a long-term valuation model suggests the cryptocurrency could erase the entire decline and rally to as high as $255,000 by year-end.Key takeaways:Bitcoin Decay Channel puts BTC’s conservative…
Market analysts say Bitcoin (BTC) is showing “momentum exhaustion” after its 8% drop from multi-month highs above $82,000, with bulls expected to defend key crucial support levels. Key takeaways:Bitcoin momentum weakens after rejection above the $82,000 level.Analysts warn BTC could fall…
OpenAI is opening its first applied AI lab outside the US in Singapore through a multiyear partnership with the Ministry of Digital Development and Information, backed by more than $234 million.The AI company said Tuesday that the new lab will…
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