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Bitcoin Hits $72,000 as Demand for Crypto Grows The market price of Bitcoin, the most expensive and largest digital assets, crossed $72,000 briefly on Monday before it retraces. As such, the global crypto market cap inched higher to  $2.67 trillion, a 2.88% increase over the last day. The total crypto market volume over the last […]

Fintech Startup Thepeer Shut Down after $2.1m Seed Round Nigerian fintech startup Thepeer, which provided Application Programming Interface (APIs) allowing customers to embed financial products into their platforms, has closed down after failing to scale post-funding. Thepeer was founded in 2021 by Kosisochukwu Chike Ononye and Michael Okoh. The company provides APIs that allow fintechs […]

Fintech Funding Declines by 16% in Three Months Due to shifting investors’ sentiment, global funding in the fintech sector has fallen to its lowest level since 2017, according to newly published research. The first quarter of 2024 State of Venture Report by CB Insights showed that investment in fintechs declined by 16% in the first […]

Naira Bulls Keep things Hot for FX Speculators Amidst rapt of estimates showing that the naira is overwhelming underpriced, the sustained recovery of the local currency has kept things hot for US dollar. The outlook on the local currency remains positive as the Central Bank of Nigeria continues to flood forex markets with subsidized US […]

The Federal Government has unveiled a Delivery Tracker App which would enable every Nigerian to view the deliverables and key performance indicators (KPIs) for all ministries and give their assessment on the performance of each of the ministries’ indicators. It also listed eight priority areas it wants citizens to monitor and report on. They include: […]

The Chief of Ibi in Taraba State, Alhaji Garba Salihu, has said the convicted kidnap kingpin, Hamisu Bala (aka Wadume), came to the palace to pay homage after his release from prison on Sunday and pledged to work with relevant stakeholders to fight against criminality. Salihu, speaking on Monday, said the palace had to accept […]

Mr Alex Okoh, the former Director-General of the Bureau of Public Enterprises (BPE), has been acquitted of contempt charges in a legal dispute between BPE and BFIG, over the ownership and operation of Aluminium Smelter Company of Nigeria (ALSCON), in Ikot Abasi, Akwa Ibom State. The Federal High Court’s decision to acquit Okoh is predicated […]

Some electricity distribution companies have continued to blame technical faults and other challenges for their inability to supply 20-hour power to customers on Band A feeders. The DisCos on their various social media platforms had appealed to the customers in Band A, seeking their understanding for their failure to meet up with the required minimum […]

A Federal High Court in Abuja has stopped a former Chairman of the Peoples Democratic Party, Uche Secondus, from participating in the party’s meetings pending the determination of a motion on notice. Also, the National Chairman, Secretary of the Party, National Executive Council, and Board of Trustees were ordered not to allow Secondus to attend […]

Rising from a meeting of its stakeholders, the Nigeria Labour Congress on Monday voided the national convention that returned the National Chairman of Labour Party, Julius Abure, and his National Working Committee. To fill the vacuum, the stakeholders said the congress would set up a transition committee to oversee the affairs of the party pending […]

Justice A.O Adebusoye of the Ondo State High Court has granted leave to lawyer Femi Emmanuel Emodamori to file two suits seeking orders of mandamus to compel the Ondo State Government to implement financial autonomy for both the State Judiciary and House of Assembly. The legal practitioner had sued the Ondo State Governor and the […]

The CP Olatunji Disu-led Rivers State Police Command has taken its war against cultism to the camp of one Ikem Thankgod notoriously called General 2man, known as a close ally to 2Baba, the neutralised killer of the Divisional Police Officer (DPO), SP. Bako Angbasim. General 2man was said to be a terror in the Ahoada […]