Africa added more than 4,200 megawatts (MW) of new hydropower capacity in 2025, making it a fast growing region for hydropower development globally, according to a new report released by the International Hydropower Association (IHA). The report, 2026 World Hydropower…

The Federal Government has intensified pressure on cement manufacturers to reduce the cost of cement, warning that the current pricing regime is placing a heavy burden on ongoing infrastructure projects and triggering growing demands from contractors for contract variations. Minister…

Bitcoin (BTC) holders who acquired their coins more than five years ago have cut spending to a 90-day average of 962 BTC, the lowest level since November 2024, according to CryptoQuant data. The slowdown follows three major spending peaks over…

The Chief Executive Officer of BAS Group, Abdulateef Hussein, has stated that the recent investment rating upgrade by DataPro Credit Rating Agency serves as a firm validation of the robust financial and operational infrastructure the conglomerate has built over the…

Amid waning poll numbers and pressure from inside the Labour Party, Prime Minister Keir Starmer has stepped down. During Starmer’s tenure, the government introduced a moratorium on cryptocurrency donations to political campaigns, citing concerns that crypto could become a vector for…

Domestic crude supply to Nigeria’s refineries declined to 15.84 million barrels in May 2026, even as the facilities achieved a combined intake of 17.92 million barrels for the month, according to the latest midstream and downstream statistics released by the…

Meta CEO Mark Zuckerberg has reportedly directed his staff to create a prediction markets mobile app called “Arena” in what could become a challenge to platforms like Kalshi and Polymarket.According to a Tuesday New York Times report citing two employees…

The Nigerian Upstream Petroleum Regulatory Commission and the Federal Ministry of Defence have agreed to strengthen collaboration on the protection of Nigeria’s oil and gas infrastructure through a combination of security measures, community engagement and non-kinetic interventions aimed at sustaining…

Cody Carbone, CEO of the cryptocurrency advocacy group The Digital Chamber, received a largely muted response to his testimony at a Senate Banking Committee hearing on affordability.In a Tuesday hearing titled The Affordability Agenda, Carbone said that the digital asset…

The Manufacturers Association of Nigeria has expressed concern over the sharp decline in commercial bank credit to the manufacturing sector. It warned that the trend could undermine industrial growth, job creation, and economic diversification. The Director-General of MAN, Mr Segun…

Zcash miner Fortitude Mining Holdings is set to merge with medical technology company HeartSciences in a deal that will allow Fortitude to become publicly traded without pursuing a traditional initial public offering.The all-stock transaction announced Tuesday will see Fortitude’s management…

The Central Bank of Nigeria has raised concerns over the persistent abuse of the naira, warning that the defacing and mutilation of banknotes are increasing the cost of currency management and shortening the lifespan of the nation’s legal tender. The…

The Chicago Board Options Exchange (CBOE) is considering converting its continuous Bitcoin and Ether futures into perpetual futures, a move that would position the exchange to compete in one of crypto’s fastest-growing derivatives markets following recent regulatory changes in the…

Champion Breweries Plc has appointed Malolan Sampath as the Managing Director and Chief Executive Officer of the Company, taking effect from 1 September. The company disclosed the leadership transition in a regulatory filing signed by its chair, Imo-Abasi Jacob, on…

The Securities and Exchange Commission has directed capital market operators to immediately halt all promotional activities relating to a purported initial public offering by Dangote Petroleum Refinery and Petrochemicals FZE, warning that it has neither received nor approved any application…