Norway’s massive sovereign wealth fund has disclosed roughly $428 million in holdings of Strategy and BitMine, giving the world’s largest sovereign wealth fund indirect exposure to both Bitcoin and Ethereum. The investments were revealed through the fund’s latest holdings disclosures and highlight how major institutional investors can gain exposure to cryptocurrencies without directly purchasing the…
Dangote Petroleum Refinery is on track for a planned October initial public offering (IPO) in Nigeria, a move that could make it one of the largest public offerings in Africa and give Nigerian investors an opportunity to own a stake in the rapidly expanding business. The refinery’s Chief Executive Officer, David Bird, disclosed this in…
Warren Buffett’s Berkshire Hathaway has significantly increased its investment in Alphabet, the parent company of Google and YouTube, making the technology giant the conglomerate’s third-largest publicly traded stock holding. In a regulatory filing released Friday, Berkshire disclosed that it owned nearly 106 million Alphabet shares worth approximately $37.8 billion as of June 30. That represents…
The United States Senate has opened an investigation into Roblox over concerns that the gaming platform may have prioritised revenue and user engagement over the safety of children. The bipartisan investigation was launched by Senators Josh Hawley, Republican of Missouri, and Dick Durbin, Democrat of Illinois, who lead the Senate Judiciary Subcommittee on Crime and…
Luigi Mangione has pleaded guilty to federal stalking charges connected to the killing of UnitedHealthcare CEO Brian Thompson, admitting in court that he tracked down and fatally shot the health insurance executive in Manhattan in December 2024. Mangione, 28, entered the guilty plea on Friday in a federal court in New York. During the hearing,…
Marvel Studios is reportedly preparing to reduce the number of new live-action series it produces for Disney+, marking a significant shift from the studio’s earlier strategy of expanding the Marvel Cinematic Universe through frequent streaming releases. According to a new report from Collider, the change is expected to take effect after “VisionQuest,” the upcoming Disney+…
Phoebe Gates, daughter of Microsoft co-founder Bill Gates, is facing growing scrutiny after her shopping startup, Phia, was accused of using software features that allowed it to claim commissions from online sales it did not actually generate. Phia, an AI-powered shopping assistant co-founded by Gates and Sophia Kianni, earns money through affiliate commissions when shoppers…
China’s central bank has injected 348 billion yuan, roughly $52 billion, into the country’s banking system, marking the first time the People’s Bank of China (PBOC) has used overnight reverse repos for a mid-month liquidity operation. The move, carried out on Friday, August 14, comes as Chinese financial institutions face increased liquidity demands around the…
The Nigeria Police Force has released dedicated emergency and complaint hotlines for residents and stakeholders ahead of the Osun State governorship election scheduled for Saturday, August 15, 2026. The police urged members of the public to use the designated contacts to report emergencies, security threats and other election-related incidents during the electoral process. For election-related…
Nigerian music star Crown Uzama, popularly known as Shallipopi, has accused music executive Dapper Music of withholding royalties from 46 of his songs, claiming the outstanding earnings are worth more than $1 million. The singer made the allegations on Friday through posts on X, as a growing dispute between the artiste and his former music…
