Author: Olu Anisere

Institutions Are Buying Crypto at Record Levels and Changing Everything The biggest banks, asset managers, and sovereign wealth funds on earth are no longer watching crypto from a distance. They are buying it, building products around it, and putting it inside the portfolios of millions of ordinary investors. The institutional era of crypto has officially arrived. April 2026 was a landmark month. Spot Bitcoin ETFs pulled in nearly two billion dollars in net inflows, the strongest monthly performance since October 2025, ending a four-month streak of outflows that had worried parts of the market. On May 1 alone, Bitcoin ETFs…

The Federal High Court in Abuja on Monday convicted Mr James Nolan, a Director in the Process and Industrial Development (P&ID) Ltd, in absentia, in the money laundering offences preferred against him by the EFCC.

Xi, Trump to Discuss Bilateral Relations, World Peace, Development Chinese President Xi Jinping and U.S. President Donald Trump will have an in-depth exchange of views on major issues concerning China-U.S. relations and world peace and development. Chinese foreign ministry spokesperson Guo Jiakun said on Monday. Guo made the remarks at a press conference, saying Trump’s upcoming state visit to China is scheduled from May 13 to 15, which will be the first visit to China by a U.S. president in nine years. Xi and Trump met last time in October 2025 in Busan, the Republic of Korea. Head-of-state diplomacy plays…

Indian PM Urges Public to Cut Fuel Consumption, Curb Gold Purchases Indian Prime Minister Narendra Modi has appealed to citizens to reduce their consumption of fuels like petrol and diesel, and to shun buying gold over the next year to save foreign exchange. Addressing a public rally in India’s southern state of Telangana, Modi also stated that the work-from-home culture should be encouraged, and that people must opt for car-pooling for traveling between their homes and offices. India usually imported nearly 85 per cent of its crude oil needs, and was one of the world’s largest importers of gold. The…

MTN Nigeria Plc lost about N2.4 trillion in market value due to significant selloffs on the local bourse amid a threat of licence revocation against South African companies.

XRP Price Soars 5% as XRPL Plans DeFi Expansion Ripple (XRP) price soared by about 5% to $1.49 over the past 24h, significantly outpacing Bitcoin’s modest 0.44% gain, driven by optimism over the Clarity Act, DeFi expansion, and a landmark institutional tokenisation test on the XRP Ledger (XRPL). Optimism was fueled by the US Clarity Act this week. Traders are positioning ahead of the U.S. Senate’s markup of the CLARITY Act, scheduled for May 14. The bill aims to clarify digital asset classifications, potentially reducing compliance friction for institutions using XRP. Regulatory progress remains a key macro driver for XRP,…

Citibank Nigeria Limited, Stanbic Nominees and Zenith Pensions Limited controlled about 40% of GTBank’s non-operating holding company, GTCO, as of the end of the financial year 2025.

The market value of Tier-2 financial services company Wema Bank Plc fell by about 8.5% over the last seven trading sessions, tracking below its 52-week high due to deteriorated investor sentiment.

Ripple’s XRP gained 2.92% to $1.42, as the market price rose in collaboration with a major financial institution for cross-border payments execution.

Gov. Umo Eno of Akwa Ibom says plans have been concluded for the state to implement an oil palm revolution targeted at boosting economic prosperity.