Tuesday, October 13

Business

MoneyGram Stakes SOL, Joins Solana as Network Validator

MoneyGram has become a validator on the Solana blockchain, allowing the remittance company to participate directly in securing the network and processing transactions.As part of its validator operations, the company is staking Solana’s native SOL (SOL) token and processing transaction…

FAAN defends MM2 concession review, seeks stability

The Managing Director of the Federal Airports Authority of Nigeria, Olubunmi Kuku, has explained that the Federal Government’s decision to renegotiate the concession agreement for the Murtala Muhammed Airport Terminal II was aimed at restoring investor confidence, ensuring fairness and…

Q2 2026 Emerges as Most-Hacked Quarter on Record with 83 Incidents

The second quarter of 2026 has already become the most-hacked quarter on record by incident count, with 83 exploits targeting cryptocurrency protocols, according to analysis by market insights platform Unfolded based on DefiLlama data.However, the $755.3 million stolen during the…

Market liquidity tightens as NGX value slides to N151.3tn

A heavy wave of profit-taking and technical price adjustments dragged the Nigerian Exchange Limited into negative territory during the week ended 19 June 2026, forcing a 3.59 per cent contraction in the benchmark All-Share Index to close at 235,941.27 points,…

Strategy Boosts USD Reserve to .4B, Buys .9M in Bitcoin

Michael Saylor’s Strategy has expanded its Bitcoin holdings and increased its US dollar reserve after its perpetual preferred stock STRC slipped below $90.Strategy acquired 520 Bitcoin (BTC) for $34.9 million between June 15 and Sunday, according to a Monday 8-K…

Aradel Holdings posts N728bn Q1 revenue

Integrated energy giant, Aradel Holdings Plc, has released its unaudited consolidated financial statements for the first quarter ended 31 March 2026, showcasing an unprecedented financial performance that completely surpasses its previous records. The group’s revenue skyrocketed to a staggering N728.52bn,…

Fomo Raises M in Series B Round at 0M Valuation

Crypto startup Fomo has raised $75 million in a Series B funding round led by venture capital firm Index Ventures, which valued the social trading and token discovery platform at $550 million.The funding round also received participation from Union Square…

Bitcoin Funding Hits 2-week High: Are Bulls Back?

Key takeaways:The Bitcoin funding rate climbed to 7%, showing confidence, but spot ETF outflows keep a $70,000 breakout on hold for now.Strong order-book bids and lower oil prices helped, but weakness across stocks, bonds, and gold signals a preference for…

Market liquidity tightens as NGX value slides to N151.3tn

The Nigerian equities market rebounded strongly at the start of the week after several consecutive sessions of losses, gaining N1.518 trillion as renewed buying interest lifted investor sentiment across the bourse. The NGX trading data on Monday shows the All-Share…

Employers welcome clarity on 2025 Tax Acts

The Nigeria Employers’ Consultative Association (NECA) has welcomed the Federal Government’s issuance of the General Guidelines for the Transition and Implementation of the Tax Acts 2025, describing it as a key step in clarifying the country’s ongoing tax reform process.…

Plateau Okada riders share stories of financial freedom

Some youths engaged in commercial motorcycle business, popularly known as okada, in Pankshin Local Government Area of Plateau State, say it has meaningfully transformed their lives. The riders, who disclosed this in separate interviews with the News Agency of Nigeria…

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