Business
JAPANMetaplanet’s executive stock pool sparks shareholder backlashJapanese Bitcoin treasury company Metaplanet’s executive stock pool continues to draw shareholder backlash over stock dilution concerns. Multiple shareholders objected across social media to Metaplanet’s 10th Series executive option pool,…
A viral social media post is reviving an alleged Bitcoin prediction that appears to have called several major BTC price levels from 2019 through 2024, with one final target remaining: $145,000 by October 2026.Key takeaways:The new viral post appears to…
Standard Bank Group Limited has announced plans to increase investments in mid-sized companies across Africa as it seeks to tap into opportunities in Nigeria and other key markets on the continent with $15.4 billion. The bank aims to support the…
Bitcoin lending platform Ledn has expanded its services to include Tether Gold (XAUt), allowing investors to hold the tokenized asset and borrow against it in much the same way they can borrow against Bitcoin.Ledn announced Thursday that clients can use…
The Bayelsa State Government has said it is yet to decide on the tariffs for usage of its gas-powered 60 megawatts electricity plant. Ebiuwou Koku-Obiyai, the commissioner for information, orientation and strategy, stated this in an interview with the News…
The Dangote Petroleum Refinery has lowered its gantry prices for Automotive Gas Oil (diesel) and Aviation Turbine Kerosene (jet fuel). According to data from Petroleumprice.ng, the Dangote refinery reduced the diesel gantry price by N100, from N1,700 per litre to…
France-listed Bitcoin treasury company Capital B’s shareholders approved a delegation of new capital-raising instruments that may bring up to 105 billion euros ($120.4 billion) in funding to fuel the company’s Bitcoin acquisitions.Over 95% of shareholders approved the establishment of up…
The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Jennifer Adighije, has reaffirmed the company’s commitment to delivering reliable and sustainable electricity across Nigeria, stressing that stable power supply remains critical to deepening democracy and…
Group of Seven (G7) leaders have renewed their call for joint action against North Korean cryptocurrency thefts and cybercrime.In a statement adopted at this week’s G7 summit in Évian-les-Bains, France, the leaders expressed “deep concern” over North Korea’s nuclear and…
The National Pension Commission and the National Union of Road Transport Workers have begun discussions on a partnership aimed at enrolling an estimated nine million transport workers into the Personal Pension Plan under Nigeria’s Contributory Pension Scheme. The initiative was…
President Bola Tinubu on Wednesday reaffirmed Nigeria’s commitment to unlocking the economic potential of its oceans, saying the country is targeting five million new ocean-based jobs while seeking stronger African collaboration to tackle illegal fishing and maritime insecurity. Tinubu stated…
Aave’s native cryptocurrency could reach $175 under a one-year base-case scenario as asset managers increasingly apply traditional finance valuation models to decentralized finance (DeFi) tokens, according to a new report by Grayscale Research.The digital asset manager said Aave could generate…
The Central Bank of Nigeria’s ambition to transform its payment ecosystem through biometric-driven and “invisible” transactions may redefine how millions of citizens pay for goods and services, but the bank has warned that the country’s preparedness on data privacy, identity…
Stablecoin issuer Tether is winding down Alloy by Tether and its gold-backed, overcollateralized aUSDT stablecoin after just two years to focus on products and areas with stronger demand. Tether announced its “strategic changes” on Wednesday following a review of user activity,…
First HoldCo Plc (“FirstHoldCo” or “the Group”) hereby notifies the Nigerian Exchange Limited (NGX), its shareholders, and the investing public that it has successfully completed the ₦45 billion second tranche of its ongoing ₦350 billion Private Placement programme, having secured…
The Federal Government has directed all Ministries, Departments and Agencies to immediately discontinue the deduction of one per cent stamp duty from payments made to contractors, vendors, suppliers and service providers, citing the provisions of the Nigeria Tax Act 2025.…
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