Saturday, June 27

Business

NGX RegCo secures N500m restitution for shareholders

NGX Regulation Limited (NGX RegCo) has successfully facilitated recoveries exceeding N500m for shareholders following the resolution of various complaints involving market operators. The independent regulatory arm of the Nigerian Exchange Group recently achieved a major breakthrough by securing the restitution…

Strategy Resumes Bitcoin Acquisitions with M BTC Buy

Strategy bought 535 Bitcoin for $43 million last week, resuming its accumulation strategy days after its chairman, Michael Saylor, said the company may sell some of its holdings to fund dividend payments.The world’s largest corporate Bitcoin holder acquired the Bitcoin…

Nigeria receives 164,000MT of imported fuel

No fewer than eight vessels carrying about 164,000 metric tonnes of petroleum products are expected at Nigerian ports as the Nigerian Midstream and Downstream Petroleum Regulatory Authority issues licences for fuel importation. Findings from the Daily Shipping Position obtained on…

Crypto and AI Could Be Dirty Words on 2026 Campaign Trail

The AI and crypto industries have made headlines over the past year thanks to the impressive war chests amassed by corporate political action committees (PACs).Profligate spending during the last federal elections in the US has led to unprecedented policy changes…

Customs hand over stolen luxury vehicles to Canada

The Nigeria Customs Service has handed over several stolen luxury vehicles traced to Canada after intercepting them at the Tin Can Island Port in Lagos, in what officials described as a major breakthrough against transnational vehicle theft syndicates. The recovered…

Augustus Wins OCC Approval for AI and Stablecoin Bank Charter

Peter Thiel-backed payments startup Augustus received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a US national bank built around artificial intelligence and stablecoin-based payments.The approval, announced Monday, would allow Augustus to expand…

NNPC won’t spend on fresh refinery revamp deal – Official

Fresh details have emerged on the newly signed Memorandum of Understanding between the Nigerian National Petroleum Company Limited and two Chinese firms, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a…

Circle Raises 2M ARC Token Presale Led by a16z

Circle Internet Group agreed to sell 740 million ARC tokens for $222 million in a private placement led by a16z Crypto, valuing the Arc blockchain network at $3 billion on a fully diluted basis.The New York Stock Exchange-listed issuer of…

Vehicle imports jump 67% in three months

The Nigerian Ports Authority has stated that the total number of vehicles handled in Nigeria during the first quarter of 2026 rose to 58,870 units from 35,262 units recorded in the corresponding period of 2025, representing a 67 per cent…

Crypto Inflows Hit 8M as CLARITY Lifts Sentiment

Cryptocurrency investment products recorded a sixth straight week of inflows in their longest streak since April to July 2025, totaling $4.9 billion, as improving sentiment around US crypto legislation helped push Bitcoin above $80,000 and lift assets under management to…

SWDC committee to  fast-track rural hub devt

The South-West Development Commission has given its newly inaugurated Action Committee on TransComs a 180-day mandate to deliver a rural transformation programme from concept to execution of pilot projects and lay the groundwork for regional scale-up. The committee will be…

Bitcoin Traders Prepare for New Local Highs as ,000 Holds

Bitcoin (BTC) starts a new week in fighting form as $80,000 support survives a volatile weekly close.Key points:Bitcoin preserves the potential for upside continuation as one trader pencils in $85,000 for the coming days.Consolidation is also a popular prediction as…

70% of Nigerian properties lack  legal titles — Surveyors

The National Institute of Estate Surveyors and Valuers, Lagos State Branch, has stated that about 60–70 per cent of landed properties in Nigeria do not have title documents. The Chairman of the chapter, Tosin Kadiri, disclosed this on Tuesday in…

Capital B Raises .8M to Fuel More Bitcoin Buys

France-listed Bitcoin treasury company Capital B raised 15.2 million euros ($17.8 million) from strategic investors including Blockstream CEO Adam Back and Paris-based asset manager TOBAM as it seeks to expand its BTC treasury.The new capital was raised through a private…

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