Business
A bipartisan pair of US senators has called on the Commodity Futures Trading Commission to investigate the prediction market platform Polymarket after it reportedly paid social media influencers to make videos of fake bets.Republican Senator…
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 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…
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…
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…
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…
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…
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 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…
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…
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…
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 (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…
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…
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…
The federal government has instructed telecommunications operators to improve the quality of service to Nigerians, saying the conditions required for improved service delivery have been established by the government. The instruction was issued in a statement signed by the Minister…
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