Tuesday, October 13

Business

Bitcoin ETFs Shed a Record .4B in 30 Days

US-listed spot Bitcoin exchange-traded funds recorded their largest 30-day net outflow since launching in January 2024 amid a crypto bear market. According to data from Galaxy Research, US Bitcoin ETFs saw $6.35 billion in net outflows over a trailing 30…

MEV Bot Jaredfromsubway.eth Exploited For .5M

One of the most successful MEV bots in crypto, Jaredfromsubway.eth, has been drained for more than $7.5 million, with an attacker exploiting the bot’s automated systems, the same ones that have netted it hundreds of millions over the years. According to…

Crypto Industry Looks to Stablecoin and DeFi Revisions in MiCA 2.0

In May, the European Commission opened a comment period, seeking feedback on regulations for the cryptocurrency and blockchain industries. The comment period will precede eventual revisions and additions to the Markets in Crypto Assets (MiCA) legislative framework. Some have already dubbed…

Pudgy Penguins Pushes Beyond NFTs With Target Card Launch

Non-fungible token (NFT) project Pudgy Penguins has expanded the retail reach of its trading card game through a nationwide rollout at Target stores in the United States. According to a press release sent to Cointelegraph, the launch of Vibes Series 3…

Philippines Is Ready for RWA Tokenization, SEC Commissioner Says

The Philippine Securities and Exchange Commission  (SEC) has signaled that the country is ready to accommodate the tokenization of real-world assets (RWAs), with Commissioner Rogelio Quevedo saying he believes the necessary legal and regulatory foundations are in place. Speaking onstage at…

Early fertiliser procurement eased impact of Middle East tensions

PFI NPK Limited, a wholly owned subsidiary of the Ministry of Finance Incorporated (MOFI) and the implementation vehicle for Nigeria’s Presidential Fertiliser Initiative (PFI), says Nigeria has secured sufficient fertiliser supplies for the 2026 wet farming season. In a statement…

Dangote refinery cuts jet fuel price to N1,450 per litre

The Dangote Petroleum Refinery has reduced its gantry price for aviation turbine kerosene (ATK), commonly known as jet fuel, to N1,450 per litre. A source at the refinery confirmed the development on Friday, saying the price was reduced from N1,550…

Lagos secures €170m boost for waterways project

EIB Global, the development branch of the European Investment Bank, has announced a €170m financial partnership with the Lagos State Waterways Authority to develop sustainable and efficient water transport in Lagos. The partnership, which is the first collaboration between LASWA…

Crypto Kidnappers Plead Guilty in M Minnesota Robbery

Two brothers accused of kidnapping a Minnesota family at gunpoint last year to steal $8 million in cryptocurrency pleaded guilty in connection with the armed robbery. Isiah Angelo Garcia and Raymond Christian Garcia, on Thursday, entered guilty pleas for Interference with…

FG seeks banks’ support to optimise revenue

The Federal Government has engaged the banking community on the Revenue Optimisation Assurance Platform, a digital revenue collection system aimed at improving revenue generation, blocking leakages and enhancing transparency in public finance management. Speaking at a sensitisation workshop organised by…

PETROAN demands fuel price cuts as crude falls

As the easing of tensions between the United States and Iran continues, the Petroleum Products Retail Outlets Owners Association of Nigeria has called on refiners, depot owners and petroleum products importers to reduce their ex-depot and retail pump prices in…

Only 18% of retailers access formal loans – Report

The Nigeria FMCG Industry Report 2026, published by Omni, has revealed that only 18 per cent of retailers in the country have accessed formal loans, underscoring the scale of financial exclusion in the fast-moving consumer goods sector. The report, which…

Economists cite reform impact as Nigeria’s revenue hits N15.8tn

Economists have attributed Nigeria’s strong revenue performance in the first five months of 2026 to the impact of recent tax reforms, improved revenue administration and stronger earnings from the oil sector, following government collections of N15.8tn during the period. According…

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