Author: Julius Alagbe

XRP is seeing an early rally, with a 2% uptick to $1.36 on Monday, as the market reacts to Brad Garlinghouse, Ripple’s Chief Executive Officer, CEO’s recent bullish remarks. Its trading volume spiked 57% to $1.6 billion, reflecting renewed buying interest after sell pressures last week.

Stable FX, High Yields, Disinflation Drive Capital Inflows – Analysts Nigeria’s exchange rate (FX) stability, elevated yields on fixed-income securities, and sustained disinflation have continued to fuel the country’s short-term capital inflows. The local currency exchange rate versus the dollar has become more stable under Olayemi Cardoso-led Central Bank of Nigeria (CBN) reforms, with persistent policy rate tightening taming headline inflation. The inflation rate has declined sharply, as reflected in the statistics office’s consumer price index, supported by significant exchange rate improvements. Robust foreign reserves and adequate dollar supply have put Nigeria’s economic reform on the global map, resulting in…

The average yield on Nigerian Treasury bills declined to 17.76% in the secondary market as investors stepped up bargain hunting on the naira asset.

Defection: NNPP not joining Kwankwaso to ADC – Founder The Founder of the New Nigeria Peoples Party (NNPP) Dr Boniface Aniebonam, says members of the party are not part of Sen. Rabiu Kwankwaso’s planned defection to the African Democratic Congress (ADC). Aniebonam made this known in a statement on Sunday in Lagos. Kwankwaso in a statement on Sunday, formally announced his resignation from the NNPP with immediate effect. He said: “I seize this opportunity to express my profound gratitude for the honour and privilege of serving as the NNPP 2023 presidential candidate. “As a committed and bonafide member of the…

CAPPA Urges FG to Increase Tobacco Control Budget The Corporate Accountability and Public Participation Africa (CAPPA) has renewed its call on the Federal Government to significantly increase budgetary allocation for tobacco control. CAPPA’s Executive Director, Akinbode Oluwafemi, made the call in a statement signed by Robert Egbe, Media and Communications Officer, CAPPA, on Sunday in Abuja. Oluwafemi said that Nigeria’s current budgetary allocation remained grossly inadequate to address the growing public health threat posed by tobacco and emerging nicotine products. He urged the government to raise the annual tobacco control allocation to at least N300 million and ensure sustained increases…

ORAN Development Corporation (ODC), a pioneer in AI-Native Radio Access Networks (AI-RAN) and the architect of the U.S.-based Odyssey RAN technology platform, has announced the successful closing of its $45 million Series A funding round.

MTN Group Appoints New Board Members MTN Group has announced changes to the Group Board of Directors, with the appointment of five new directors whose collective and diverse expertise and experience are expected to significantly enhance the Group as it works to extend digital and financial inclusion across Africa. In an official statement on the Johannesburg Stock Exchange, the telecom company said that, effective 31 March 2026, Herman Bosman, Advocate Ouma Rasethaba, Stéphane Richard, Ignatius Sehoole and Saf Yeboah-Amankwah will join the Board as independent non-executive directors. Stan Miller and Nkululeko Sowazi, who have served MTN Group with distinction since…

Bitcoin (BTC) recovered by 2% to $66,766.07 over the last 24 hours in the cryptocurrency market following significant investor liquidations amid rising tensions in the Middle East.

EFCC, ICPC Raise Alarm Over Rising Crypto-Linked Financial Crimes The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has raised concerns over the growing threat of cryptocurrency-related crimes in the country. Olukoyede made this known at the inauguration of the United Nations Office on Drugs and Crime (UNODC) Country Programme for Nigeria 2026–2030, on Friday in Abuja The EFCC boss revealed that the world lost more than 160 billion dollars to illicit transactions involving digital currencies in 2025. Olukoyede highlighted the risks posed by cryptocurrencies such as Bitcoin. He noted that criminal networks were increasingly exploiting technological…

The Senate President, Godswill Akpabio, says Nigerians have yet to see the best of President Bola Tinubu, despite the significant milestones achieved by the current administration amid economic challenges.