Author: Olu Anisere

DOT Gains, Outperforms Broader Crypto Market Performance The crypto market price of Polkadot (DOT) rose by 0.93% over the last 24h, slightly outperforming the broader crypto market (-0.43%), continuing its positive 30-day trend. Trading data indicates that DOT defended the $2.09 pivot point and 23.6% Fibonacci retracement level of $2.12 on the day, with bullish crossover in moving average convergence divergence. Polkadot will activate a major upgrade on 20 January 2026, deploying optimizations already tested on Kusama. The update reduces execution latency by 40% and allows seamless reuse of Ethereum developer tools, enhancing cross-chain interoperability. Its technical trading data resilience…

Oil Prices Surge WoW Despite Oversupply Concerns Oil prices surged week-on-week (WoW) despite oversupply concerns. Latest data showed U.S. crude inventories dipped amidst geopolitical concerns and growing expectations that Venezuelan supply could return to global markets. Brent crude traded at $62 per barrel, up by 2.1% from last Friday’s close of $60.73. US benchmark West Texas Intermediate (WTI) rose 1.4% to $58 per barrel, compared with $57.21 a week earlier. At the start of the week, markets weighed the potential impact of US actions in Venezuela, with prices fluctuating as geopolitical risks competed with expectations of ample supply. Concerns that…

Major Errors: Presidential Fiscal Policy and Tax Reforms Committee Response to KPMG We welcome all perspectives that contribute to a shared understanding and successful implementation of the new tax laws. We acknowledge that a few points raised by KPMG are useful, particularly where they relate to implementation risks and clerical or cross-referencing issues. However, the majority of the publication reflected a misunderstanding of the policy intent, a mischaracterisation of deliberate policy choices, and, in several instances, repetitions and presentation of opinion and preferences as facts. 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐨𝐛𝐬𝐞𝐫𝐯𝐚𝐭𝐢𝐨𝐧𝐬 A significant proportion of the issues described as “errors,” “gaps,” or “omissions” by…

Solana Rises as Morgan Stanley Moves to Enable SOL Trading Solana (SOLUSD) edged higher 2.53% over the last 24h, outpacing the broader crypto market, which is trading negative late on Thursday.  Price data from crypto exchanges show that SOL is hovering around $140 as its trading volume surged by about 22% to $4.74 billion in 24 hours. The price surge reflects institutional validation from Morgan Stanley, which is the first major U.S. bank seeking SEC approval for Solana-ETF, technical strength, and retail frenzy around meme coins. Morgan Stanley has announced plans to launch a digital wallet. It also filed for…

Oil Prices Below $60 as U.S.-Venezuela Negotiate Crude Sales Supply glut concerns kept oil prices movement tight on Thursday, with international benchmark Brent crude settling at $59 per barrel at the time of writing. Oil prices came under renewed pressure on Thursday after Venezuela’s state-run oil company PDVSA said talks to sell crude to the US are progressing, while signals from Washington pointed to a selective easing of sanctions that could allow Venezuelan oil back into global markets International benchmark Brent crude stood at $59 per barrel, down 0.3%. The US benchmark West Texas Intermediate (WTI) fell 0.2% to $56.06…

Naira Climbs to N1,418 as Foreign Reserves Hits $45.623bn The naira appreciated further against the US dollar at the Nigerian foreign exchange market, gaining N0.80 to close at N1,418.26 compared with N1,419.06 quoted the previous day. Based on data from the Central Bank of Nigeria (CBN), FX largely traded within the low and high bands of N1,414.00/US$ and N1,426.00 per dollar, respectively. The exchange rate movement signalled the absence of significant pressure on the volume of dollars available at the supply side, analysts anticipate FX interventions to continuing to bridge liquidity gap. “We expect the Naira to continue trading in…

CBN Opens N1.15 Trn Worth of Treasury Bills for Subscription The Central Bank of Nigeria (CBN) opened N1.15 trillion worth of Nigerian Treasury bills for investors’ subscription on Wednesday. The primary market action surfaced 24 hours after the authority raised N2.71 trillion from OMO bills subscription. The aggressive mop up was met with rates that a slew of Broadstreet analysts considered healthy to attract yield-hunting investors in the fixed-income market. At the main auction, the Apex Bank offered N150 billion in Nigerian Treasury bills that will expire in 91 days for subscription. The auction circular showed that 182 days’ worth…

How to Get Your Personal Tax Identification Number Unless you have the right information, you may struggle to get the easiest thing done, like your personal tax identification number (Tax ID).  Don’t be scared to be civil; your tax payment may not even be enough to buy a bottle of wine. By Nigerian tax law, it is not all income earners that are taxable, but all taxable persons are income earners. The convenient part of it is that tax payment need not be burdensome, and it looks like the new tax law actually achieves the principle. Without leaving your house,…

Bitcoin Resisted at $94 with ETF Outflow, Profit-taking Bitcoin (BTCUSD) price upswing has been resisted at the $94k level in the cryptocurrency market on Wednesday; the digital asset market value has spiralled down by about 2% in the last 24 hours. Trading volume was boosted by about 24% on the day to $56.18 billion, according to data from the cryptocurrency exchanges on Wednesday with moderated market dominance. Bitcoin fell 1.75% in the past 24h to $92,100, underperforming the broader crypto market. BTC faced rejection at $94,000 resistance; analysts flagged $91,200 as critical support. Cryptocurrency market analysts highlighted that the dip…

Naira Rallies Ease Corporate Foreign Payments Burden The naira appreciation has continued to reduce the non-bank corporate international FX payments burden, with the Central Bank of Nigeria (CBN) boosting the supply side. Companies and other FX market participants with FX liabilities have had their burden reduced sharply as they continue to settle obligations at lower naira equivalents. Elsewhere, FX movement has reduced Nigerian banks’ gains and hurt earnings growth. The naira gained 7.5% in 2025, according to CardinalStone Partners Limited – the first time in 13 years the exchange rate will favour market participants. On Tuesday, The Naira sustained its…