Monday, October 12

Business

Forum vows court action over proposed Electricity Act changes

The All Electricity Consumers Protection Forum has threatened to institute legal action against the Senate should it proceed with the proposed amendments to the Electricity Act 2023, arguing that the changes would undermine states’ constitutional powers to regulate electricity markets.…

Bitcoin UTXO Signal Points to Bear Market Bottom

Analysis of Bitcoin unspent transaction outputs (UTXOs) shows that investors are capitulating, a pattern that has historically coincided with bear market bottoms. The ratio of the number of UTXOs spent in profit versus at a loss has fallen to its lowest…

Apapa NDLEA intercepts 13 drug containers in one year

The National Drug Law Enforcement Agency, Apapa Strategic Command, has disclosed that it secured fines exceeding $12m against two international vessels and a three-year conviction for one male drug convict without the option of a fine between June 2025 and…

FCMB targets digital banking growth through app enhancements

First City Monument Bank has upgraded its mobile banking application with new features, including a reward points system, mutual fund investments, virtual card services, and in-app customer support, as it seeks to strengthen customer engagement across its digital platform. A…

Firm revamps smokey jollof recipe

Chicken Republic says it has unveiled an improved Smokey Jollof recipe as part of efforts to enhance customer satisfaction and reinforce its commitment to menu innovation. The company said the refreshed recipe, now available at its outlets nationwide, offers a…

Fidelity Defends Bitcoin’s Long-Term Security Model

Fidelity Digital Assets has pushed back against concerns that Bitcoin’s long-term security will deteriorate as mining rewards decline, arguing in a new research report that the network’s economic incentives remain sufficient to secure the blockchain over time.The report, authored by…

Yuma Launches Bittensor AI Fund for Institutional Investors

Yuma, a Digital Currency Group-backed investment company, has launched a fund that gives institutional investors diversified exposure to the Bittensor ecosystem, as asset managers expand investment products tied to decentralized AI.According to a Thursday announcement, the Yuma Total Market Fund…

EU Lawmakers Back Review of DeFi, Staking and NFT Regulation

The European Parliament’s economic affairs committee has urged the European Commission to assess whether crypto lending and borrowing, staking, non-fungible tokens (NFTs) and decentralized finance (DeFi) should be regulated.The recommendations were part of a report tabled Friday for plenary vote.…

Securitize Expects 0M Raise Ahead of US Debut

Tokenization platform Securitize says it expects to raise $400 million in its upcoming public debut through a merger with a company backed by Cantor Fitzgerald. Securitize said on Friday that its final redemption results showed less than 30% of shareholders in…

Senators Urge CFTC Probe Polymarket Over Faked Ads Report

A bipartisan pair of US senators has called on the Commodity Futures Trading Commission to investigate the prediction market platform Polymarket after it reportedly paid social media influencers to make videos of fake bets.Republican Senator John Curtis and Democratic Senator…

NAHCO lands FlyGabon deal, boosts solar cargo exports

The Nigerian Aviation Handling Company Plc has increased its handling profile with the renewal of major international airline contracts and the signing of a fresh agreement with FlyGabon, even as it expands into the growing export logistics market with the…

SOL Bounced To  As Tokenized Stock Trading Surges But Will It Hold?

Key takeaways:SOL’s rebound to $72 shows bullish futures and airdrop hopes, but falling TVL and low DEX volumes point to fragile onchain demand.Tokenized stocks spark hype on Solana, yet Pump.fun dependence and Hyperliquid competition threaten sustained SOL momentum.Solana native token…

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