Author: Olu Anisere

Russia imposed a full ban on diesel fuel exports to “increase supplies to the domestic market,”

Bitcoin Rallies as Standard Chartered Backs $100k Target Price Bitcoin (BTC) rallied as investors piled into risky assets to hedge inflation risk, slightly outperforming a broadly rising crypto market amid Standard Chartered’s $100k price forecast for 2026. BTC rose by about 2% to $64.1k, supported by a derivatives short squeeze that forced bearish traders to cover. It shows a strong correlation with Gold, indicating inflation-hedge positioning amid macro uncertainty. Standard Chartered has reaffirmed its year-end 2026 Bitcoin price target of $100,000. The bank’s research team argued that recent market weakness was driven by uncertainty about MicroStrategy’s treasury management and potential…

Apple Sues OpenAI for Stealing Trade Secrets Apple on Friday filed a lawsuit against OpenAI and two former employees over what it said was misappropriation of the giant phone maker’s trade secrets to benefit the AI company’s venture into consumer hardware. The suit was filed in federal court in California, where both companies are headquartered. The lawsuit is against a former Apple senior system electrical engineer and a former vice president of product design for iPhone and Apple Watch, as well as OpenAI Foundation, OpenAI Group PBC and io Products. The lawsuit has pushed the two former close partners completely…

Crude oil prices remained elevated in the global commodity market amid multiple…

NLNG Urges Commercialisation of Stranded Gas, PIA Incentives The Nigeria Liquefied Natural Gas Limited (NLNG) has called for the commercialisation of stranded gas resources, development of interconnected infrastructure and full implementation of incentives under the Petroleum Industry Act (PIA). Mr Timothy Fakrogha, General Manager, Commercial, NLNG, who spoke at a panel session at the Nigeria Oil and Gas (NOG) Energy Week in Abuja, underscored the need to unlock Nigeria’s gas potential. According to him, projections indicate that by 2030, Nigeria could face a gas supply deficit despite its enormous reserves, stressing that the gap should be viewed as an opportunity…

Fitch Ratings has changed its 2026 global sovereign sector outlook to ‘deteriorating’ from ‘neutral’

The Federal Government, through the Debt Management Office (DMO), has announced two savings bonds for subscription in July.

Airtel, Dangote Cement Boost NGX Index, Investors Gain N3.45trn Airtel Africa and Dangote Cement Plc rallies drove a N3.45 trillion gain on the Nigerian Exchange (NGX); investors continue to take positions ahead of second quarter earnings releases. The local bourse closed trading on a positive note, with key market performance indicators advancing further by 2.27%. The gain was mainly supported by buying interest in AIRTELAFRI (+10.00%), ARADEL (+8.68%), DANGCEM (+3.15%), and FIDELITYBK (+9.97%). The market recorded buying actions in VITAFOAM, MTNN, ACCESSCORP, and FCMB, boosting the NGX key performance indicators. The NGX All-Share Index (ASI) added 5,376.70 points in today’s…

Deutsche Börse Group’s Clearstream has expanded its institutional crypto custody service by adding six more digital assets.

PenCom Extends PenCare Access to Retirees Earning N150,000 The National Pension Commission (PenCom) has expanded eligibility for its PenCare Initiative pilot to retirees receiving monthly pensions of up to N150,000, aimed at increasing participation and improving healthcare access. PenCom Director-General, Ms Omolola Oloworaran, said this on Tuesday in Abuja after the third meeting of the Pension Industry Leadership Council (PILC). Oloworaran said the commission raised the income threshold to attract more participants and generate sufficient data required to evaluate the effectiveness of the pilot programme. According to her, PenCom targets 30,000 beneficiaries under the initiative but has so far enrolled…