Author: Olu Anisere

Bitcoin (BTC) price climbed about 2% to $77,108.65, outpacing a flat broader market, primarily driven by a pause in institutional selling pressure.

NDPC Records 1,500 Cyberattacks, Exposes Nigeria’s Data Protection Gaps The National Data Protection Commission (NDPC) says it recorded over 1,500 cyberattack attempts within a short period. The National Commissioner of NDPC, Dr Vincent Olatunji, said this in an interview with the News Agency of Nigeria (NAN) on the sidelines of a data protection training programme in Lagos. Olatunji said the situation forced a temporary shutdown of the commission’s network, and highlighted critical gaps in Nigeria’s data protection ecosystem. He said the temporary shut down by NDPC was a security measure; a preventive measure to stop the hackers from succeeding. Olatunji…

UK FCA Sets Out Rules for Fund Tokenisation Innovation UK Financial Conduct Authority (FCA) has set out guidance to support innovation in fund tokenisation, the regulator said in a statement on Thursday. FCA said asset managers will find it easier to unlock the benefits of fund tokenisation following the FCA’s new guidance. The official said the guidance sets out how firms can use distributed ledger technology (DLT) within the regulator’s existing rules. New rules will also make fund dealing more efficient, including an optional Direct to Fund (D2F) model. This enables investors to deal directly with the fund, whether traditional…

U.S. War in Iran Cost $25bn so Far, Says Pentagon Official The United States’ war in Iran has ​cost 25 billion dollars so far, a senior Pentagon official said, providing the first official estimate of the military’s ‌price tag for the conflict. Jules Hurst, who is performing the duties of the ​comptroller, told lawmakers on the House Armed Services Committee that most of that money was for munitions. Hurst did not detail what that cost estimate included or whether it accounted for the projected costs of rebuilding and repairing base infrastructure in the Middle East damaged in the conflict. Rep.…

MTN Hits All-Time High as Buyers Price in Earnings Beat MTN Nigeria’s share price is gaining traction in the stock market as buyers step up to price in the telecom company’s Q1 earnings beat. Share price rose N20 to N890 during the early trading session on Thursday in reaction to the recent unaudited financial statement for the first quarter of 2026. The telecom giant delivered exceptional financial performance in the first quarter ended March 31, 2026, posting its strongest quarterly earnings on record and significantly surpassing the already impressive Q1 2025 results. Total revenue grew by 41.62% year-on-year to ₦1.498…

Egbin Halts Operations After Fatal Underwater Maintenance Incident Egbin Power Plc has shut down operations following a fatal industrial accident involving a contractor during an underwater maintenance exercise. The incident, which occurred on Tuesday, led to the shutdown of the plant, a major contributor to the national grid’s electricity supply. Confirming the development to the News Agency of Nigeria on Thursday, the company’s Head of Corporate Affairs, Mr Felix Ofulue, expressed condolences to the family of the deceased. “Immediately following the incident, established emergency response, safety, and reporting protocols were activated, and the relevant authorities were promptly notified,” he said.…

Yield on Nigerian Treasury Bills Declines to 17.5% The average yield on Nigerian treasury bills declined to about 17.5% in the secondary market on Wednesday due to increased demand for naira assets. The bullish sentiment led to yield contractions across the board, notably in the 05-NOV (-20bps) and 22-APR (-25bps) papers. Accordingly, the average yield compressed by 2bps to 17.47%. Trading activity remains subdued across most maturities, as investors have adopted a cautious approach, leading to selective buying interest. The only notable movement was recorded at the mid-end of the curve, where the 05-Nov-26 bill declined by 16bps to 16.14%,…

GCR ratings have affirmed Providus Bank Limited’s national scale long and short-term issuer ratings of BBB-(NG) and A3(NG) respectively; outlook maintained…

The Federal Government (FG) says Nigeria loses about 24 million tonnes of topsoil annually due to erosion and land degradation, warning that the trend poses a serious threat to food security and climate resilience.

The Senate has approved a $516,333,700 syndicated financing facility for the construction of the Sokoto–Badagry Super Highway. This followed the consideration and adoption of the report of the Senate Committee on Local and Foreign Debts during plenary on Wednesday