Friday, June 26

Business

Capital Hotel grows 2025 revenue by 59%

Capital Hotel Plc, owners of the Abuja Continental Hotel, closed the 2025 financial year with a 59 per cent year-on-year increase in revenue and a 32 per cent rise in profit after tax. The company, in a statement, attributed the…

Otti knocks Abure for selling LP gov forms

Abia State Governor, Alex Otti, has berated the former National Chairman of the Labour Party, Julius Abure, over the continued sale of governorship nomination forms to aspirants despite the Independent National Electoral Commission’s opposition to his leadership. A viral photograph…

EFCC invites petitions over Borno senator’s N135m cash gift

The Economic and Financial Crimes Commission has asked Nigerians demanding an investigation into the N135.6m cash donation made by the senator representing Borno Central Senatorial District, Kaka Lawan, to All Progressives Congress officials in the state as Sallah gift, to…

NRS denies blanket waivers as port agents protest delays

Weeks after the Nigerian Revenue Service and the Nigerian Shippers’ Council said they would urge shipping companies and terminal operators to grant waivers to importers and their agents affected by delays linked to the implementation of the National Single Window,…

Federation oil earnings slump by N78.7bn despite rising prices

Federation oil earnings from Nigerian National Petroleum Company Limited’s Production Sharing Contract profit distribution fell by N78.71bn in March 2026, despite a strong rally in global crude oil prices during the month, an analysis of NNPC reports presented at Federation…

Preferred Perpetual Stock Holders Are Mispricing Risk: Crypto Exec

Investors are mispricing risk for perpetual preferred stocks, like Bitcoin treasury company Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), according to Matt Dines, the chief investment officer of credit asset management company Build Markets.The corporate issuers of…

Bitcoin Treasury Co Strategy Announces .5B Convertible Note Buyback

Bitcoin treasury company Strategy announced on Friday that it will repurchase $1.5 billion in 0% convertible notes, due in 2029, retiring about half of the 2029 convertible note tranche’s total outstanding debt. Strategy entered into “privately negotiated transactions” with a…

Bitcoin Falls Below ,000 as Analysis Eyes a New Bear Trap

Bitcoin (BTC) circled $78,000 on Saturday after geopolitical headwinds erased most of its May gains.Key points:Bitcoin falls below $78,000 for the first time since the start of May.Oil-supply woes combine with existing nerves over US bond markets, adding to headwinds…

Bullish Posts Q1 Earnings Miss, 5M Loss

Shares in the US crypto exchange Bullish fell on Thursday after the company’s first-quarter earnings missed analysts’ top and bottom line expectations.Bullish’s adjusted revenue for the quarter ended March 31 was $92.8 million, up from $62.4 million a year ago,…

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