Friday, June 26

Business

‘Generation, transmission faults trigger nationwide blackouts’

Recurring collapses of Nigeria’s national grid have remained one of the most persistent challenges in the country’s electricity sector, often plunging homes, businesses and industries into darkness and sparking widespread public frustration, DARE OLAWIN reports As concerns continue to mount…

BOA moves to clear pension backlogs for workers

The Managing Director of the Bank of Agriculture, Mr Ayo Sotinrin, has assured pensioners of the bank that he would ensure payment of their pension arrears. The MD expressed confidence that he would facilitate the payment under the Defined Pension…

Otedola acquires N43.4 billion shares in First HoldCo

Femi Otedola, the chair of the financial services group First HoldCo Plc, has purchased new shares valued at N43.4 billion in the banking group, according to a regulatory filing at the Nigerian Exchange on Wednesday. He acquired 549.5 million shares…

Polymarket Records First Drop in Monthly Trading Volume Since August

Monthly trading volume on the Polymarket prediction market fell by about 8.9% in April, the first decline in month-to-month activity since August as rivals like Kalshi increased their market share.Polymarket and its US-based trading application collectively generated more than $10.2…

Should Bitcoin Investors Be Worried?

Key takeaways:A successful Hyperliquid whale opened a $70 million short position, but data suggests this is a technical move.Rising oil prices and Fed liquidity injections could devalue US Treasuries, boosting Bitcoin as a scarce macro asset.Bitcoin below $80,000 as Hyperliquid…

Bitcoin and several major altcoins are at a crucial juncture

Key points:Bitcoin has reached a crucial support, as a break below the $79,000 level may deepen the pullback.Several major altcoins are facing selling pressure, indicating that the bears remain in the game. Bitcoin (BTC) extended its pullback on Wednesday and slipped…

Four-Year Highs In US PPI Data Cost Bitcoin the ,000 Mark

Bitcoin (BTC) fell below $80,000 into Wednesday’s Wall Street open as US inflation data continued to alarm.Key points:Bitcoin price action sees fresh downside pressure thanks to US PPI inflation reaching its highest since 2022.Odds of further financial tightening by the…

Paybis Secures MiCA and Payment Licenses in Latvia in Stablecoin Play

Cryptocurrency platform Paybis has received two licences from Latvia’s central bank, including one for crypto-asset services under the European Union’s Markets in Crypto-Assets Regulation (MiCA) and another for payment institution operations under Payment Services Directive 2 (PSD2).The licences were issued…

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